Payoff Short term high Interest Deb
	Amount: $2,500.00 Grade: B *Lender Rate: 35.00% DTI: 24.00% *Funded: 10% Time Left: Finished Borrower: sparkling-credit3 Group: (No Group) Status: Expired   « Back to Listings
Click Here to see this listing on Prosper.com

Listing Description

Purpose of loan: We finished building our house in 2008 and we absolutely love it.  I did the contracting and most of the work myself.  We basically overbuilt our house for our budget at the time.  Of course with the meltdown of the economy, we haven't been able to obtain the raises or job transfers that would allow us higher incomes.  I did just receive a raise last month which will finally get us within our budget.  However, we got behind some during this time and took out some smaller very high interest loans.  We would like to pay all of these off and some credit card debt so that we can get our credit score raised enough to refinance our house for a large saving which will enable us to be very comfortable with our incomes.  My wife and I both have very secure jobs, we both have Bachelor's degrees.  I have been with my employer for 1 1/2 years and she has been with hers for 10 years.   We have a 6 year old son (which is enough for us) and 2 rotten dogs, which we have had for 10 years. My financial situation: We have never made a late payment .  Our credit is very important to us.  We have a low score due to our revolving debt utilization.  We are set up on payment plans with our larger credit cards.  After speaking with consumer credit counseling, we found out we could call the cr. cards directly and work out the same payment plans (5 year payoff) without damaging our credit score (except Citi card). I noticed that our prosper credit info is showing 1 current delinquency although with a zero amount.  I have ran all credit reports trying to figure out what this is since we have never had a late payment on our credit.  The only thing I can find is an old student loan that was paid off but they reported us as "unable to locate consumer".  which shows up as potential negative (even though nothing was owed). Monthly net income: $ 5760 mine 3120 spouse 2640 Monthly expenses: $   Housing: $ 2595   Insurance: $ 115 (auto)   Car expenses: $  300 (maint and fuel) we have an 02 cavalier and a 98 Nissan both paid for   Utilities: $  400   Phone, cable, internet: $ 150     Food, entertainment: $ 850 (our home is our entertainment)   Clothing, household expenses $   Credit cards and other loans: $  600   Other expenses: $