Genesis
Purpose of loan:
I NEED THIS LOAN BECAUSE I AM TRYING TO CONSOLIDATE HIGH RATE LOANS AND CREDIT CARDS THAT I WOULD LOVE TO GET RID OF!
KEEPING IT SIMPLE, HERE IS WHAT I WANT TO CONSOLIDATE:
$8500 AMERICAN GENERAL $280 PER MONTH
$3500 PERSONAL LOAN $278 PER MONTH
$2000 HOUSEHOLD BANK $140 PER MONTH
I DO OWN A HOME THAT I PURCHASED 2 YEARS AGO, BUT UNFORTUNATELY SINCE THE HOUSING MARKET HAS DECLINED, I DO NOT HAVE EQUITY IN THE HOME TO DO A HOME REFINANCE. FORTUNATLELY, I DO EARN ENOUGH TO PAY MY MORTGAGE (I HAVE A FIXED RATE) AND PAY MY BILLS. ALONG WITH A MONTHLY SAVING FROM HAVING THIS PROSPER LOAN, THE LOAN WOULD HELP TOWARD IMPROVING MY CREDIT RATING AS I PAY OFF THE HIGH DEBT AND SAVE ME THOUSANDS IN INTEREST CHARGES! THE AMERICAN GENERAL BILL WOULD TAKE ME 10 YEARS TO PAY OFF INSTEAD OF 3 WITH THIS LOAN! ONLY ABOUT $20 GOES TOWARD THE PRINCIPLE EACH MONTH FOR THE HOUSEHOLD BANK CARD . IT WOULD BE GREAT TO SAVE 7 YEARS OF INTEREST CHARGES ON THESE BILLS!
My financial situation:
THIS IS MY SECOND PROSPER LOAN. I WAS ABLE TO CONSOLIDATE SOME BILLS WITH MY FIRST LOAN BUT MADE THE HUGE MISTAKE OF CLOSING THOSE ACCOUNTS. I HAVE NOW LEARNED THAT KEEPING THOSE ACCOUNTS OPEN WITH A GOOD HISTORY AND SHOWING AVAILABLE CREDIT WOULD HAVE IMPROVED MY CREDIT RATING. UNFORTUNATLELY, WITH THE CLOSED ACCOUNTS AND THE 1ST PROSPER LOAN SHOWING AS A NEW ACCOUNT, MY CREDIT SCORE HAS DECLINED. LESSON LEARNED.
THE MAIN REASON FOR MY CURRENT HIGH DEBT IS FROM IMPROVEMENTS MADE TO MY HOME (BEFORE THE HOUSING CRUNCH) AS WELL AS HELPING WITH MY FATHER'S MEDICAL BILL LAST YEAR.
I AM A RELIABLE PERSON WHO HAS NEVER MISSED ON PAYING A DEBT. I HAVE A GOOD CAREER AND HAVE WORKED FOR MY CURRENT EMPLOYER FOR THE PAST 18 YEARS.
ON A PERSONAL NOTE, I LOVE THE WATER AND SAILING. THE MONEY I WILL SAVE OVER THE NEXT FEW YEARS WILL CONTINUE TO BE USED TOWARDS MY DREAM OF OWNING MY OWN BOAT ONE DAY.
Monthly net income: $ 4350
Monthly expenses: $ 3600
Housing: $ 1600
Insurance: $ 60
Car expenses: $ 0
Utilities: $ 100
Phone, cable, internet: $ 40
Food, entertainment: $ 200
Clothing, household expenses $
Credit cards and other loans: $ 1600
Other expenses: $ 0
After Prosper Loan: $ 3442
Housing: $ 1600
Insurance: $ 60
Car expenses: $ 0
Utilities: $ 100
Phone, cable, internet: $ 40
Food, entertainment: $ 200
Clothing, household expenses $
Credit cards and other loans: $ 902
Prosper Loan: $ 570
Other expenses: $ 0
MONTHLY SAVINGS FROM PROSPER: $ 128
REDUCED STRESS AND $ FROM 7 LESS YEARS OF INTEREST CHARGES: PRICELESS!
I NEED THIS LOAN BECAUSE I AM TRYING TO CONSOLIDATE HIGH RATE LOANS AND CREDIT CARDS THAT I WOULD LOVE TO GET RID OF!
KEEPING IT SIMPLE, HERE IS WHAT I WANT TO CONSOLIDATE:
$8500 AMERICAN GENERAL $280 PER MONTH
$3500 PERSONAL LOAN $278 PER MONTH
$2000 HOUSEHOLD BANK $140 PER MONTH
I DO OWN A HOME THAT I PURCHASED 2 YEARS AGO, BUT UNFORTUNATELY SINCE THE HOUSING MARKET HAS DECLINED, I DO NOT HAVE EQUITY IN THE HOME TO DO A HOME REFINANCE. FORTUNATLELY, I DO EARN ENOUGH TO PAY MY MORTGAGE (I HAVE A FIXED RATE) AND PAY MY BILLS. ALONG WITH A MONTHLY SAVING FROM HAVING THIS PROSPER LOAN, THE LOAN WOULD HELP TOWARD IMPROVING MY CREDIT RATING AS I PAY OFF THE HIGH DEBT AND SAVE ME THOUSANDS IN INTEREST CHARGES! THE AMERICAN GENERAL BILL WOULD TAKE ME 10 YEARS TO PAY OFF INSTEAD OF 3 WITH THIS LOAN! ONLY ABOUT $20 GOES TOWARD THE PRINCIPLE EACH MONTH FOR THE HOUSEHOLD BANK CARD . IT WOULD BE GREAT TO SAVE 7 YEARS OF INTEREST CHARGES ON THESE BILLS!
My financial situation:
THIS IS MY SECOND PROSPER LOAN. I WAS ABLE TO CONSOLIDATE SOME BILLS WITH MY FIRST LOAN BUT MADE THE HUGE MISTAKE OF CLOSING THOSE ACCOUNTS. I HAVE NOW LEARNED THAT KEEPING THOSE ACCOUNTS OPEN WITH A GOOD HISTORY AND SHOWING AVAILABLE CREDIT WOULD HAVE IMPROVED MY CREDIT RATING. UNFORTUNATLELY, WITH THE CLOSED ACCOUNTS AND THE 1ST PROSPER LOAN SHOWING AS A NEW ACCOUNT, MY CREDIT SCORE HAS DECLINED. LESSON LEARNED.
THE MAIN REASON FOR MY CURRENT HIGH DEBT IS FROM IMPROVEMENTS MADE TO MY HOME (BEFORE THE HOUSING CRUNCH) AS WELL AS HELPING WITH MY FATHER'S MEDICAL BILL LAST YEAR.
I AM A RELIABLE PERSON WHO HAS NEVER MISSED ON PAYING A DEBT. I HAVE A GOOD CAREER AND HAVE WORKED FOR MY CURRENT EMPLOYER FOR THE PAST 18 YEARS.
ON A PERSONAL NOTE, I LOVE THE WATER AND SAILING. THE MONEY I WILL SAVE OVER THE NEXT FEW YEARS WILL CONTINUE TO BE USED TOWARDS MY DREAM OF OWNING MY OWN BOAT ONE DAY.
Monthly net income: $ 4350
Monthly expenses: $ 3600
Housing: $ 1600
Insurance: $ 60
Car expenses: $ 0
Utilities: $ 100
Phone, cable, internet: $ 40
Food, entertainment: $ 200
Clothing, household expenses $
Credit cards and other loans: $ 1600
Other expenses: $ 0
After Prosper Loan: $ 3442
Housing: $ 1600
Insurance: $ 60
Car expenses: $ 0
Utilities: $ 100
Phone, cable, internet: $ 40
Food, entertainment: $ 200
Clothing, household expenses $
Credit cards and other loans: $ 902
Prosper Loan: $ 570
Other expenses: $ 0
MONTHLY SAVINGS FROM PROSPER: $ 128
REDUCED STRESS AND $ FROM 7 LESS YEARS OF INTEREST CHARGES: PRICELESS!
posted by diggster at 12:34 AM
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