Want to Consolidate 3 Credit Cards
| Listing Information | |||
|---|---|---|---|
| Amount: | $1,500.00 | Status: | Loan created |
| Grade: | D | DTI: | 34% |
| Lender Rate: | 14% | Borrower: | CleaningUp07 |
| Finished | State: | LA | |
| Funded: | 100% | Group: | No Bull Investors - We Invest In Good Borrowers |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-02-01 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Feb 01, 2007 | Current |
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Hello and Thank You for viewing my listing. My name is Phillip Simmons and I come to you requesting help in consolidating 3 credit cards into one easy to manage monthly payment with the intention of raising my credit rating while making positive steps in developing trust with future lenders. I am a Senior at the University of Louisiana at Monroe who will be graduating this Fall. MY MONTHLY BUDGET Total Income $652 Expenditures Before Prosper Loan: Utilities/Phone $ 238 (Lights $55, Gas $68, Water $33, Phone $44) Credit Card 1 $ 65 on $2600 balance Credit Card 2 $ 40 on $550 balance Credit Card 3 $ 30 on $427 balance (will pay off with this loan) Credit Card 4 $ 45 on $230 balance( will pay off with this loan) Credit Card 5 $ 30 on $160 balance (will pay off with this loan) Groceries $ 60 Gas $ 45 ------------------------------------------ Total Bills $ 553 Free Cash flow after bills $ 99 Expenditures After Prosper Loan: Utilies/Phone $ 238 Credit Card 1 $ 65 on <$2600 balance Credit Card 2 $ 40 on <$550 balance Credit Card 3 $ 00 on $0 balance Credit Card 4 $ 00 on $0 balance Credit Card 5 $ 00 on $0 balance Groceries $ 60 Gas $ 45 ---------------------------------------- Total Bills $ 448 Free Cash flow after bills $ 204 With the acquisition of this loan, I will pay off three of the lower balance credit cards, therefore freeing up an additional $105 to add to the current $99 yielding a total of $204 with which to make the monthly Prosper payment with. Taking this action will release an extra $200 into my account to add to the already $204 freed by the Prosper Loan which would bring that next months disposable income to $404. All 5 of my credit cards are current and in good standing. The loan from Prosper would put me in a much greater position financially than I am currently in. Then when I am out of school for the summer (3 months) with a greater monthly take home income of $1044, I will be able to save more and apply more to the loan thus solidifying the fact that I know how and live by my budget to the "T". Thank you, Phillip |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 87293 | Debt Eliminsation 101 | D | $1,500 @ 16% | Jan 21, 2007 | Withdrawn |
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