No Delinq.or Late/Stable Income/Consol.Cred.Cards/Fund Bus.
| Listing Information | |||
|---|---|---|---|
| Amount: | $16,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 42% |
| Lender Rate: | 20% | Borrower: | candlemaker |
| Finished | State: | CO | |
| Funded: | 100% | Group: | FinancialAssistanceNetwork |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 4+ months late | Origination Date: | 2007-01-17 | EricsCC ROI: | -25% |
| Status History | |
|---|---|
| Jan 16, 2007 | Current |
| Aug 02, 2007 | Late |
| Aug 16, 2007 | Current |
| Sep 01, 2007 | Late |
| Sep 18, 2007 | 1 month late |
| Oct 11, 2007 | Late |
| Oct 18, 2007 | 1 month late |
| Nov 23, 2007 | 2 months late |
| Dec 19, 2007 | 3 months late |
| Jan 18, 2008 | 4+ months late |
|
No Delinq.or Late/Stable Income/Consol.Credit Cards/Fund Business Requested: $ 16,000.00 @ 20% About Me: Hi, my name is Kerry. Pictured are me and my daughter and I. I am currently employed with Carnival Cruise Lines in their Colorado Springs Center. I have been with them for 5 yrs this month in their Customer Service. Dept.I expect to gross about $39,900 this year(more in 2007) with overtime/raises and including income from my candle business.I formed a company earlier this year to sell Soy Candles.This business is currently providing approx.$200 per mo in gross revenue while slowly growing.Also, I recently purchased 6 storefront/websites from Stores Online and I am going to have two sites up selling different products by the end of January 2007. Why I'm Asking for a Loan: In the recent past, I have used my credit cards to fund most of my business expenses.Since my bankrupcy in 2002, I have not been late or delinquent in a single payment.However, since my balances are now a bit high & I am showing too many open accounts,my credit score is not as high as it should be. Now, I am asking for a loan to consolidate credit cards and to close 7 open accts (5 are credit card) with $10,840.00 of the requested loan. The remaining $5,000.00 will be used to fund my website startup,for working capital,and to pay off a small (high-interest)business loan. By paying off & closing several accounts and paying balances down, I should be able to increase my credit score. Also, I will be selling a house in Pueblo Colorado that is currently rented in the near future that should provide additional capitol and decrease my debt owed. Use of Funds From This Loan: $160: Prosper lending Fee $10840.00: to Consolidate Credit Card Debt $5000.00: for Business Working Capital/Reserves/Pay off bal of:$1400.00 on high interest business loan. My Budget: Monthly Gross: $ 3325.00 Monthly Net: $ 2813.00 Monthly Expenses (before Prosper Loan): Current Rent: $399.00 2nd Mortg.: $199.00 (1st Mortg.paid by renter) Credit Cards: $510.00 Car Payment: $301.58 Food: $150.00 Insurance: $121.00 Gas: $40.00 Phone/Cable: $85.00 Utilities: $35.00 Cell Phone: $ 75.00 Business Loan (Amer.Gen.): $172.00 Total: $2087.58 Available: $725.42 Monthly Expenses (after Prosper Loan): Current Rent: $399.00 2nd Mortg.: $199.00 (1st Mortg.paid by renter) Prosper Loan: $602.80 Credit Cards: $70.00 Car Payment: $301.58 Food: $150.00 Insurance: $121.00 Gas: $40.00 Phone/Cable: $85.00 Utilities: $35.00 Cell Phone: $ 75.00 Total: $2078.38 Remaining Available: $734.62 Conclusion: As you can see, I am a good credit risk despite my credit score as it is now. I hope you can help me reach my goals with this loan. Thank You! |
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