Consolidate Cards, Boost Biz, DTI incorrect
| Listing Information | |||
|---|---|---|---|
| Amount: | $9,000.00 | Status: | Loan created |
| Grade: | E | DTI: | 87% |
| Lender Rate: | 19% | Borrower: | OutlawPhoto |
| Finished | State: | TX | |
| Funded: | 100% | Group: | MONEY DIES |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-02-02 | EricsCC ROI: | 18% |
| Status History | |
|---|---|
| Feb 01, 2007 | Current |
| May 04, 2007 | Payoff in progress |
| May 05, 2007 | Paid |
|
About me: My name is James, and I am a 25-year-old journalist. I have worked at my present job for six years and own a part-time photography business which I run out of my home. I am married with two young kiddos and my family is the light of my life. About my credit: On the positive, I have never, ever missed a single payment of any kind on any manner of debt. I have never made a late payment, much less let anything slip past 30 days. I have no negative marks on my credit, no delinquencies, no charge-offs; nothing. I do not fail to pay my bills, no matter what. What I will do with the money loaned to me: The cards I wish to pay off are as follows: Wells Fargo Visa, Balance: $3,323.19, Interest rate: 22.35%, Monthly payment: $102. Gordon's Jewelers, Bal. $1,942.79, Int. 23.73%, Payment $64 Dell, Bal. $1,096.59, Int. 29.99%, Payment $35 The remainder I would invest in a small amount of photography equipment to extend my service capabilities, and use mostly to begin marketing my business in the community to create a more diverse and secure base of clientele. How I plan to pay back my Prosper loan: I will use a portion of my existing business income, along with the money I will save by converting these credit cards to a lower-interest debt, to ensure my Prosper loan is paid on time every time. My monthly financial details: Day Job Income: $1,700 average net (I am paid twice monthly $1,570 net, with an extra week's pay thrown in every three months) Part-time Income: $1,200 third- and fourth-quarter 2006 average, $1,500 projected average for 2007 (already met and exceeded for January 2007) Oil royalties income: $100 average (inherited oil land) Mortgage: $463 Auto: $405 All Revolving Debt: $563 Car & House Insurance: $127 Utilities: $75 Cell Phone: $59 My monthly bills take up all of my full-time income, but my business income provides more than enough cushion for living expenses and debt repayment. This leaves close to $1,000 for living expenses and further debt repayment after my monthly Prosper loan payment is made. Thank you: I know the interest I pay through Prosper will go into the hands of savvy investors instead of being mere numbers on a corporate spreadsheet. As this is my first loan through Prosper, I have joined a five-star group that promotes and demands borrower responsibility and on-time payment of debts, which as my history proves, is something I also demand of myself. I feel that my spotless history of on-time payments of all debts, as well as my business acumen and consistent work history, warrant a strong look by smart investors. Thank you for your consideration! If you have any questions, please feel free to contact me, and I will post Q&A's to my profile description as warranted. To see documentation to verify my paycheck and my business income, please visit this link. My Group Leader, Ms. Ava, of Money Talks, has both vetted and endorsed my listing. Please visit my RML thread in the Forums for more information or to discuss my listing. |
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