Listing Profile Bid History Loan History

Listing Title


Loan Information
Loan Status: Current Origination Date: 2008-06-18 Payments Made: 6 of 36 Total Payments: $634.55 / $3000.00

Listing Summary

  

Borrower Info
Requested Amount: $3000.00
Lender Rate: 16.00%
Automatic Funding: No
Percent Funded: 100%
Monthly Payment: $105.47
 
Borrower: varvatos
Location: OR
Group: (NoGroup)
Group Fee: 0.00%

Credit Profile
Credit Grade: C Homeowner: Yes Account Verified: Yes Debt To Income: 13%

Extended Credit Data
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Listing Description
Purpose of loan:
This loan will be used to pay off the one credit card that is keeping me from ever getting ahead of my debt. I am paying an incredible 32% interest on this card that has a $3000 debt.  This is a debt to debt loan. I'm re-listing at a higher interest rate, with the monthly expenses added correctly, and with more information on my financial history.

My financial situation:
About 8 years ago I was laid off unexpectedly from a job I'd had for 17 years. I had running balances on several cards and little savings. My state had higher than usual unemployment statistics and job hunting was fierce. After paying late on a few bills I realized I'd never be able to pay them off without full time work but I wanted to keep my home, so I filed for bankruptcy.  To make ends meet I took on several low-paying, erratic jobs . I gathered returnable bottles for their deposit, I sold household items on Ebay, I became a secret shopper, I did secret store evaluations, I took photos of Santa and families at the local mall, and I worked from home taking calls for GE Card services. Finally I found a job that I've had for over 3 years, now. I make good money and have 3 credit cards. Two cards are manageable with decent interest rates but one of them jumped up so high that even though I make payments over and above the minimum, I cannot cut down the principal due to the high interest rate.  Please take a chance on me, I won't let you down.
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Monthly net income: $ 3500

Monthly expenses: $ 3057
  Housing: $ 800     
  Insurance: $ 100
  Car expenses: $ 150 (own car so only pay gas/upkeep)
  Utilities: $ 140
  Phone, cable, internet: $ 117
  Food, entertainment: $ 1000 high until you understand I feed 3 sports active teenagers and we pack our lunches.
  Clothing, household expenses $ 200
  Credit cards and other loans: $ 200
  Other expenses: $ 350 sports fees and equipment