SINGLE MOM IN NEED OF PAYDAY RELIEF
| Listing Information | |||
|---|---|---|---|
| Amount: | $2,550.00 | Status: | Loan created |
| Grade: | E | DTI: | 15% |
| Lender Rate: | 20% | Borrower: | jekh98 |
| Finished | State: | CA | |
| Funded: | 100% | Group: | Craigslisters |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2006-12-07 | EricsCC ROI: | 15% |
| Status History | |
|---|---|
| Dec 08, 2006 | Current |
| Apr 22, 2008 | Late |
| May 03, 2008 | Current |
| Sep 23, 2008 | Late |
| Oct 03, 2008 | Current |
|
I am a single mom with an 8 year old daughter. I have a good job I enjoy and make a good income as a Human Resources Director in higher education. I was in a financial crunch last year and made the mistake of taking out some payday loans. Now I'm in the cycle of having to pay off the loans in full each month, running a cash shortage and taking the loans out again each month. This has resulted in running in the negative each month, being late on other bills that are due each month and, of course, any unexpected expense is impossible. I am planning to move to another place after the holidays that will save me anywhere from $400 to $700 per month on rent. I also intend to refinance my car to a lower rate and payment. This loan of $2550 will pay off the payday loans totaling $2390 so I can focus on the other ways to get our financial house in order. Please check out my profile for additional detail on past due accounts I?ll be taking care of. Note the information below to understand how I?ll be able to repay this loan. These figures are prior to moving to a less expensive home. Monthly Net Income $4925 Monthly Expenses Rent $1800; Household Expenses/Utilities/Car/Gas $990; Consumer Debt $900; 4 Payday Loans Totaling $2390 Total Monthly Expenses $6080 Monthly Net Income $4925 Monthly Expenses $6080 Negative Cash Flow ($1155) WITH PROSPER LOAN OF $2550 Prosper Loan $2550 @25% pays off payday loans of $2390 @ average APR of 300% Monthly Expenses Rent $1800; Household Expenses/Utilities/Car/Gas $990; Consumer Debt $900; Prosper Loan Payment $102 Total Monthly Expenses $3792 Monthly Net Income $4925 Monthly Expenses $3792 Positive Cash Flow $1133 (W/out savings from moving) |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 61955 | Caught Up In Payday Loans; Need to Reorganize My Finances | E | $3,000 @ 24% | Nov 14, 2006 | Withdrawn |
| 62361 | Caught in the Payday Loan Cycle | E | $3,000 @ 24% | Nov 15, 2006 | Withdrawn |
| 63433 | RELISTING @ LOWER AMOUNT & HIGHER RATE; NO MORE PAYDAY LOANS | E | $2,550 @ 26% | Nov 17, 2006 | Withdrawn |
| 63700 | SINGLE MOM NEEDS PAYDAY LOAN RELIEF | E | $2,550 @ 24% | Nov 18, 2006 | Expired |
| 232141 | WANT TO PAY OFF OLD DELINQUENCIES AND HIGH INTEREST LOAN | HR | $9,000 @ 18% | Nov 14, 2007 | Withdrawn |
| 232657 | WANT TO PAY OFF OLD DELINQUENCIES | HR | $4,000 @ 26% | Nov 15, 2007 | Withdrawn |
| 233001 | WANT TO PAY OFF OLD DELINQUENCIES | HR | $4,000 @ 26% | Nov 16, 2007 | Withdrawn |
| 233285 | PAYING OLD DELINQUENCIES; WANT TO BOOST CREDIT RATING | HR | $2,800 @ 28% | Nov 17, 2007 | Withdrawn |
| 233353 | PAYING OLD DELINQUENCIES; WANT TO BOOST CREDIT RATING | HR | $2,800 @ 30% | Nov 17, 2007 | Withdrawn |
| 235443 | RELISTING; PAYING OLD DELINQUENCIES; | HR | $2,555 @ 32% | Nov 21, 2007 | Withdrawn |
| 240140 | RELISTING; PAYING BACK A FRIEND WHO HELPED | HR | $2,555 @ 32% | Nov 29, 2007 | Expired |
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