Paying off High Rate Credit Cards - 2 Year payoff Goal
| Loan Information |
| Loan Status:
| Current |
Origination Date:
| 2007-01-23 |
EricsCC ROI:
| 8% |
| Status History |
| Jan 24, 2007 |
Current |
This is a relisting of our loan. When we signed up for our Prosper account, we did so under his name. Since we are using her income to qualify for the loan, Prosper would not approve the funded loan. We would like to thank all of you who quickly funded this last time and encourage you to bid again - should go much quicker and smoother this timme, and nothing has changed except we are now using her prosper account - you will notice she has the same credit grade. Thanks.
Hello, we are both college graduates looking to get rid of our eleven different high-rate credit cards and consolidate to one payment a month which we plan on paying off in two years. We obtained all this credit card debt when she went back to school in her 30's and we had two kids and a house to keep - he was a high school science teacher at the time - the cost of graduate medical school far outpaced a teacher's salary. She has since graduated from the Medical College of Georgia with a Masters degree in Nursing Anesthesia. She has been employed for two years now, and makes very good money. However, we still find that the credit card balances are going down too s-l-o-w-l-y. We would also like to improve our credit scores by reducing our credit card debt - this means no late payments!. She gets year-end bonuses, and between next year's bonus and 2008's bonus, and our regular monthly payments, we plan to have this loan payed off by the end of December 2008, one year early (if not sooner). Current household income is $160,000+ from her salary, He has a B.S. in Biological Sciences and is currently preparing to apply for medical technologist training and hopes to be employed in the field by Jan 2008. This would add appx. $40,000/year to household income and would allow us to pay this loan off in less than the 2 years planned. |
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