Consolidate Debt...Never Late on Payments
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 48% |
| Lender Rate: | 15% | Borrower: | cobizguy |
| Finished | State: | CO | |
| Funded: | 100% | Group: | BORROWERS - Free instant Listings - LARGEST GROUP |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-01-19 | EricsCC ROI: | 11% |
| Status History | |
|---|---|
| Jan 20, 2007 | Current |
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I am 35 years old and employed full time as a market research project manager. I also pick up project-based market research jobs each month to supplement my income and knowledge. EXPLANATION OF BAD CREDIT: My credit rating is a result of several credit cards with high balances and some recent credit inquiries. It is NOT a result of payment history. I consistently pay my obligations on time and my credit report shows as such. I am responsible financially but came into hard times as a result of supporting a business and then a period of ?under-employment?. My situation has improved since with my return to a stable, well paying professional job. I?ve also recently begun picking up project-base work to supplement my monthly income. My number one goal is to pay off my debt. I maintain a very modest lifestyle so that I may put any extra toward debt. With a little assistance, and faith, I hope to consolidate debt to free up additional money each month that can be used to pay down debt balances vs. paying interest. WHAT I WILL DO WITH THE MONEY LOANED TO ME: $2500 will pay off a personal loan, $2500 will be used to consolidate several small credit card balances and one $500 loan with a 36% interest rate. HERE ARE MY MONTHLY FINANCIAL DETAILS: Net income after payroll deductions from full time job: $3421 Project Income (avg $750-$1000 per month): $750 Total monthly Income $4171 Mortgage/Rent: $ 675 Phone: $ 50Gas: $ 50 Electricity & Water: $ 40 Car Loan and Operating Expenses: $ 225 Food: $ 180 Insurance: $ 0 Cable/Internet: $ 90 Clothing, expenses for children, etc. $ 0 Credit cards and loans that won't be paid off with my Prosper loan: $ 1800 Other: $ 200 ----------------------- Total Monthly Expenses : $ 3310 I will have $861 left to make the payments on my Prosper loan. CLOSING REMARKS TO LENDERS: I pledge that my Prosper loan will be no different than any other debt ? I will ALWAYS pay on time?every month in full. I?ve done everything I can to maintain whatever credit rating I can, I now wish to begin building it back up. |
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