Listing Profile Bid History Loan History
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Listing Title


Loan Information
Loan Status: 2 months late Origination Date: 2007-01-25 Payments Made: 20 of 36 Total Payments: $905.19 / $1200.00

Listing Summary

  

Borrower Info
Requested Amount: $1200.00
Lender Rate: 18.00%
Automatic Funding: No
Percent Funded: 100%
Monthly Payment: $45.21
 
Borrower: jamescadzow
Location: MI
Group: BORROWERSGROUP
Group Fee: 3.00%

Credit Profile
Credit Grade: HR Homeowner: No Account Verified: Yes Debt To Income: 12%

Extended Credit Data
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Listing Description
24%, If I could go higher I would but my state will only allow up to 24%!!  

I am trying to get my credit back to where it should be and I am looking for help. I have a number of delinquent records all of which are over 3 years old. The delinquencies are from old energy, phone and cable charge offs, credit card debt and 2 bounced checks issues that were never taken care of, I went through a tough time a few years back with no job and trouble finding steady work, I fell apart and incurred a large amount of debt I couldn't recover from . I have already started to establish good standing on several accounts (credit cards and car loan) over the past couple years and really need a small influx of cash to consolidate the remainder of my old debt. I am looking to relieve a great weight from my chest with this loan and start my life again. I am looking for a second chance to make everything right and I assure you I am committed to this plan and promise to pay any and all loans back on time. Thank you in advance to any help or funds you can extend.

What I plan to help pay with my prosper loan:

Credit cards - $500, $250, $200
Check repayments (3) - $333
Old phone bill - $267
Old energy bill - $334
Medical bills - $414
Old gym membership - $325
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Total                            $2,623

I realize that this amount is smaller than what I initially requested in my other listings but I wanted to lower the amount so that it would have a greater chance of being funded due to my state intrest cap.  I was going to use the extra money to pre pay some car payments, insurance and have some immediate cash to pay back my loan. In addition I realized that this smaller amount is really all I need to help get me from under my debt and the payments will more than work right into my budget. I will have no problem paying and promise to pay this loan on time and I plan to make additional payments whenever possible so that I get get the loan paid off. Please see my income and expenses below for reference and please contact me with any questions.

Monthly income - $2,400  

Expenses:  
Gas & electric - $100
Phone - $60
Internet - $40
Rent - $600
Car - $308
Insurance - $208
Cable - $75
Food - $250
Gas - $150
Credit cards (3) - $90  

PROSPER LOAN - $92 (double payment)
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Total -                    $1,973

This will leave me $426 to do things and pay more $$$ on my prosper loan!   I came to prosper looking for help and when I find it I plan to begin helping others in situations like mine get the second chance they need and deserve, thank you for considering my loan request.