Hanging up on debt collectors for good!
| Listing Information | |||
|---|---|---|---|
| Amount: | $8,600.00 | Status: | Loan created |
| Grade: | C | DTI: | 26% |
| Lender Rate: | 20% | Borrower: | learnedmylesson |
| Finished | State: | IA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-02-22 | EricsCC ROI: | 20% |
| Status History | |
|---|---|
| Feb 22, 2007 | Current |
| Jul 31, 2008 | Payoff in progress |
| Aug 05, 2008 | Paid |
|
Thank you for taking time to read my request.
Browsing this site has given me more hope than you can possibly
know. I am requesting this loan to
get my Capitol One account cleared ASAP as I believe
they are going to sue me. I've been served, but
they could be playing with me to see what I'll do. I am asking for enough to pay all my debts (except for a low-interest student loan) because that will put me in the best financial position. A spreadsheet is attached showing the steps I used to create this proposal. Feel free to contact me with any questions and thank you again for your time. My monthly stats are: Income $2687 Taxes / Health Ins $834 Rent $400 Utilities $190 Cell / I-net $90 Auto Ins $60 Church $25 Savings / gifts (incl xmas) / repairs, etc. $270 Gas $130 Grocery / HH Items etc. $240 Debt $448 My debts are: Bal / Pmt / Int % *Household Bank CC $ 441 / $ 26 / 30.49% *Credit First CC $ 292 / $ 25 / $25 / 24.84% *Bank One (Chase) Auto Loan $1139 / $305 / 17.99% First Citizens Bank Line of Credit $ 481 / $ 40 / 14.99% H & R Collections (medical bill) $ 278 / $ 0 / 0% Student Loan $2317 / $ 50 / 4.17% CAPITAL ONE CC $5940 / $ 0 / 25.9% *Payment includes $10 above minimum I add each month Total Debt $10886 Monthly Payments $446 Combined Average Interest 19.46% My Proposal: Principal $8600 Rate 20% Term 3 year **Payment $350 / mo (aprox.) **Cost of Loan $4000 (aprox) **Payment and cost figures noted are aproximate. I used a simple formula to calculate this on a spreadsheet; I did check the loan calculator and it looks as if I'm pretty close to those figures. How I will benefit from this loan: »I will be able to clear the one item from my credit report that has been holding me back »I will have more money each month to save for emergencies (Currently spend $446 on debt; with this loan I will pay $350 (aprox) to Prosper, $50 to my student loan and still have $46 left over) »I will be more effective as a parent, employee, volunteer, etc. when the stress and fear of drowning in my debt is relieved |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 355929 | Phase 2 | C | $4,000 @ 10% | Jul 13, 2008 | Loan created |
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