New Loan/Single Mom

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Listing Information
Amount: $2,800.00 Status: Loan created
Grade: HR DTI: 7%
Lender Rate: 26% Borrower: Mommy1
Time Left: Finished State: CA
Funded: 100% Group: Everyday People
Loan Information
Loan Status: Default Origination Date: 2007-01-17 EricsCC ROI: -73%
Status History
Jan 20, 2007 Current
Aug 02, 2007 Late
Aug 27, 2007 1 month late
Sep 18, 2007 2 months late
Oct 18, 2007 3 months late
Nov 23, 2007 4+ months late
Dec 28, 2007 Default
I am a single mom of 10 month old twins and 1 daughter. I am a full time teacher.

I reduced my loan to $2800: $2500 to my aunt and $300 as an initial payment on a medical bill.

My aunt will let me give her $2500 now and $500 when I get my taxes. The car I have now is not mine and I need more room for 2 car seats and 1 booster seat.

My son has been diagnosed with severe Asthma and has accumulated hospital bills (total $1306.58). Talked to billing and I can give them $300 and as long as I make monthly payments and pay it off in 6 months I will be fine.

After seeing my Experian Report there are things on there that haven?t changed. It says I do have 10 Current DQ?s.

#1-4:
There are 3 items that are still reporting unpaid. I paid those with my first Prosper loan and have letters verifying the 3 have been paid in full and have a zero balance. (Dispute in progress.) I just finished paying an old hospital bill for $104. There goes 4 DQ?s.

#5-7
I am currently paying the following by making monthly payments:
Tandy Bank $1897 Pay $172.45
Wells Fargo $1104 Pay $125
Tribute $700 Pay $100

#8
Capitol One reports late but I am now up to date on my payment (432.30 Balance, Pay $30/month)

#9-10
There is an old doctor bill of $35 ? I was not aware previously.
City of SD $194.00 ? not sure what this is, but I?m trying to find out.
(Both of these will be resolved soon.)

DTI is at 7% - This still includes original Prosper loan payment as Prosper is a little behind in reporting.

Current Monthly Budget: Income: $2623
$400 Rent (paid to parents)
$135 Preschool (monthly cost daughter goes t/th 3hours/day)
$340 Groceries/Diapers ( I use COUPONS!)
$325 Gas
$40 Insurance
$175 Clothes
$40 Cell
$20/Doctor copay (1time per month)
$208 Formula (TWINS) **This expense ends in 2 months!
$50 Entertainment
Living Expenses: $1733
Total Credit Payments: $427.45 (from #5-8 above) + $170 Medical Bill for Son?s Asthma
Total Monthly Expenditure: $2330.45 + Prosper payment of $117.34 = $2447.79

Vetting: I am in the process of sending all my things in to get vetted. Thanks to StaciM for helping me out and working with me!

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