Can i pay you instead?
Homeownership Verified

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Listing Information
Amount: $5,000.00 Status: Loan created
Grade: C DTI: 34%
Lender Rate: 27% Borrower: commitment-legend
Time Left: Finished State: CT
Funded: 100% Group: (No Group)
Loan Information
Loan Status: Current Origination Date: 2010-04-21 EricsCC ROI: 16%
Status History
Apr 21, 2010 Current
Purpose of loan:
This loan will be used to pay off about 25% of my outstanding Credit Card balances!

My financial situation:
I am a good candidate for this loan because I am what you would consider income rich and credit poor. Back in 2004-2006 I used my credit cards to help me get through graduate school. For the past 3 years I have been trying to get my balances down, but cannot seem to get ahead. Obviously the 30% interest is working against me and my family. I hope to get a reasonable rate on a prosper loan, and be able to knock out 25% or more of my credit card debt in 3 short years......

Monthly net income: $ 4,000

Monthly expenses: $
  Housing: $ 1200
  Insurance: $ 150
  Car expenses: $350
  Utilities: $ 225
  Phone, cable, internet: $ 75
  Food, entertainment: $ 100
  Clothing, household expenses $ 75
  Credit cards and other loans: $ 750
  Other expenses: $
Borrower's Other Listings
432511 Can i pay you instead? C $5,000 @ 27% Mar 17, 2010 Cancelled
452745 Can i pay you instead? C $7,500 @ 28% Apr 06, 2010 Withdrawn
507861 Credit Card balances have to go! C $9,500 @ 19% Aug 01, 2011 Loan created

 

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