Young Professional Consolidating Debt
| Listing Information | |||
|---|---|---|---|
| Amount: | $4,800.00 | Status: | Loan created |
| Grade: | E | DTI: | 50% |
| Lender Rate: | 20% | Borrower: | muna |
| Finished | State: | GA | |
| Funded: | 100% | Group: | Everyday People |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-01-17 | EricsCC ROI: | 14% |
| Status History | |
|---|---|
| Jan 16, 2007 | Current |
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I am a young professional looking to raise my credit score and consolidate credit cards. I have been working to re-establish my credit, but the high finance charges are hindering my progress. A loan from Prosper would allow me to reduce my financing rates and make this goal possible. My credit score is low due to the balances remaining on my credit cards. Like many people, I utilized credit cards and loans to assist family members experiencing devastating times in their lives. I did not focus on the impact it would have on my life or credit rating. Fortunately, this is no longer a concern for me. I can and have made all monthly payments for my accounts, but I am looking to reduce the interest accruing so that I can pay off the debt faster. Below is summary of my income and expenses. As you can see, I am able to comfortably make the Prosper loan payments. Monthly Net Income: $3800 (2700 after taxes/insurance/retirement) Monthly Expenses: $2424 Utilities: $168 Car: $532 Gas: $200 Food/Entertainment: $250 Credit Cards: $412 Loans: $700 School Loans: $162 My husband covers rent, cell phone, car insurance, and half of utilities. Cash Flow: $276 By obtaining this loan I would be able to decrease monthly credit card payments, save a bundle in finance charges, and increase my monthly cash flow. I appreciate you taking time to review my listing. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 74874 | Working to rebuild credit | E | $6,000 @ 23% | Dec 14, 2006 | Expired |
| 77161 | Paying Off Hight Interest Cards | E | $6,000 @ 27% | Dec 22, 2006 | Withdrawn |
| 77162 | Paying Off High Interest Cards | E | $8,000 @ 29% | Dec 22, 2006 | Withdrawn |
| 79835 | Paying off Credit Card | E | $3,025 @ 25% | Dec 31, 2006 | Withdrawn |
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