p2p lending at lending club
DEBT CONSOLIDATION * DTI explained * Future Debt Free
Homeownership Verified

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Listing Information
Amount: $14,750.00 Status: Loan created
Grade: C DTI: 55%
Lender Rate: 24% Borrower: mols001
Time Left: Finished State: NM
Funded: 100% Group: Quality Assistance for Borrowers
Loan Information
Loan Status: Late Origination Date: 2007-02-16 EricsCC ROI: 18%
Status History
Feb 15, 2007 Current
Dec 01, 2008 Late
ABOUT ME:

I am 37 years old, married for 11 years, 3 children ages 6, 9 and 10.   I have worked as a Respiratory Therapist for the past 15 years, and have a very solid work history. I was just nominated employee of the year at our 2006 Christmas party.  

EXPLANATION OF BAD CREDIT:

My purse was stolen last year, and one credit card company won?t help me to clear up the charges, that is the one delinquency that I am currently trying to fix.   My score is improving due to changing my mortgage to a BIMONTHLY plan, which is automatically deducted every 2 weeks, my high interest credit cards, and personal loans.

The one DQ is due to the credit card that was stolen; otherwise, I have brought everything else current. My husband also pays Child Support for his first son.  He will be making his last payment in June 2008, which will add an additional $525.00 to our income next year!!!  

Actual DTI is 38%, shows higher now because it includes this loan request.  

WHAT I WILL DO WITH THE MONEY LOANED TO ME:

My loan will go towards paying off the credit cards, which include Capitol one, American Home, and Discover.   I will also pay Beneficial and all the personal loans.   I owe $3300.00 to personal loans, $ 4000.00 to Discover, $ 5600.00 to Capitol one, $7000.00 to Beneficial, and $2500.00 to American Home.  The extra money saved with this loan will go towards paying off my prosper loan early, and savings for retirement and emergencies.  I would also like to become a lender in the future.  

FUTURE GOALS:   My goal is to bring my credit score to an A and clear up the final DQ.  

MONTHLY FINANCIAL DETAILS:

Net income after payroll deductions from all my sources: $2400.00
Spouse's Income: $ 2300 
Total monthly family Income $ 4800.00

MONTHLY EXPENSES:

Mortgage: $ 1000.00
Phone: $ 40.00
Gas: $ 100.00
Electricity & Water: $ 110.00
Car Loan and Operating Expenses: $ 750.00
Food and Misc. Household expenses:  500.00 
Insurance: $ 200.00
Cable/Internet: $ 80.00
Credit cards:  400
Personal Loans:  360.00
Beneficial Loan:  160.00
Daycare:  400.00
___________________________________
TOTAL EXPENSES per month:  $ 4100.00

Expenses after Prosper Loan:  $3800.00

I will have $1000.00 after my prosper loan payment.

CLOSING REMARKS TO LENDERS:

I have sent my Group leader my W2?s and pay stub information, and will gladly send him any other information he requires.  I have also sent him information regarding my stolen purse/car vandalism.   

Sorry for the relists, I am new and I have re-listed my loan with a new group to get more support.  I am very confident in my new group leader.  Thank you in advance for looking at my loan, and thanks to those who will bid on my loan. I guarantee to keep my payments current with my prosper loan, you will not be disappointed.
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93938 Debt Consolidation w/high interest for lenders DTI 38% C $15,500 @ 29% Feb 05, 2007 Withdrawn
94148 Debt Consolidation Loan * DTI explained - Cleaning up DEBT C $15,500 @ 28% Feb 06, 2007 Withdrawn

 

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