Get Back on Track 0/0/0
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 64% |
| Lender Rate: | 17% | Borrower: | sheltonb |
| Finished | State: | OK | |
| Funded: | 100% | Group: | Everyday People |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 4+ months late | Origination Date: | 2007-01-23 | EricsCC ROI: | -39% |
| Status History | |
|---|---|
| Jan 22, 2007 | Current |
| Jan 08, 2008 | Late |
| Jan 24, 2008 | 1 month late |
| Feb 24, 2008 | 2 months late |
| Mar 24, 2008 | 3 months late |
| Apr 24, 2008 | 4+ months late |
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My name is Brian and I am a 23 years old soldier on Active Duty in the U.S. Army, stationed at Fort Sill, OK. I am here with my wife, Jenny, (also an Active Duty Soldier) and our two year old daughter. My wife and I met in Korea where we were stationed prior to Oklahoma; this is also where our daughter was born. When we got to Fort Sill we had nothing (no furniture, dishes, linens - nothing but our gear and our clothes). This is what opened the door on our debt. Below is a quick break down of our debts. If the loan is granted payback would improve our monthly cash flow for the simple fact that we would no longer have as many or as much monthly payments to make. BEFORE PROSPER LOAN Total take home pay $ 5083.80 Total all bills $ 4913.93 After all bills are paid $ 169.87 2 Vehicles monthly payment $ 1165 Insurance for vehicles $ 194 1st and 2nd mortgage $ 1186 Utilities $ 603 (includes cable, phone, etc.) Misc payday loans $ 350 (Payoff combined $ 3000) To Be Paid w/ Prosper Day Care $ 340 ? 425 Groceries $ 300 Gas $ 300 Misc/Other Spending $100 Personal loan #1 $150 ($3900 Balance) Personal loan #2 $250 ($6000 Balance) #1 Credit card $ 40 (Payoff $ 2000) To Be Paid w/ Prosper #2 Credit card $ 30 (Payoff $ 200) To Be Paid w/ Prosper #3 Credit card $ 30 (Payoff $ 500) To Be Paid w/ Prosper AFTER PROSPER LOAN Total take home pay $ 5083.80 Total From Above -$450 debts paid off + $260 (Prosper) = $4724.93 After all bills paid $ 358.87 Goal is to use this loan to pay off the payday loans ($3000), credit cards ($2700). The remaining will be used for making some small home improvements. Our initial plan was to borrow enough to consolidate all of our unsecured debt & do some upgrades to our home. We now realize $20,000 is too much based on my credit rating and APR cap. You can see that my credit file started last year when we arrived in OK. I enlisted in the army 5 years ago at the age of 18, and had no reason to use credit until we returned to the US. Though my file is short, I have a perfect payment history and plan to keep it that way! Please note: my DTI does not consider my wife?s income, but all of our debts are joint. This loan is our chance to get a fresh start. My family and I thank you for taking the time to read about us and consider our loan request. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 73190 | Get rid of those payday loans and credit cards | D | $20,000 @ 20% | Dec 11, 2006 | Expired |
| 82913 | Get back on track 0/0/0 | D | $7,000 @ 20% | Jan 09, 2007 | Withdrawn |
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