How to get a loan from Prosper.com
Purpose of the Loan:
Hello, and thanks for taking the time to read my listing! This a relist for a loan that was not fully funded. I am requesting $17,000 to consolidate and simplify payments on the high interest portion of my credit card debt and pay it off within a set period of time.
Background:
I accumulated most of the debt during my 20’s due to a year-long period of unemployment and generally poor spending habits. In the last several years, I have learned how to properly budget and spend within my means. However, the high variable-rate interest on the credit card balances has made it difficult to make much progress against the principle.
I am turning to Prosper at this point because my girlfriend and I have been making plans for our future together which include marriage and hopefully purchasing a house within the next couple of years. I would like to bring a clean financial slate to the commitment and the Prosper loan is one step towards that goal.
My Financial Situation:
With the exception of my high-interest credit card debt, my financial situation is good. I have a long history of paying my bills on time and have no delinquencies on my credit report. My low credit rating is due to poor balance-to-available credit ratio. I always thought canceling credit cards as I paid down my debt was the responsible thing to do, but I have since learned of the negative effect losing available credit will have on my credit rating.
I have been employed continuously for the last five years and have worked my way up from unemployment to part-time hourly to full-time salaried in that time. My current employer, who I joined last summer based on a co-worker’s referral, is a growing IT consulting company that made Inc. Magazine’s Top 500 Companies list last year. In addition to my full-time job, I also make about $200-300 a month working a part-time job on weekends. All earnings from that are for emergency funds (car repairs, etc.) – since this goes directly into my savings, I don’t include it in my monthly budget.
My car is fully paid for and generally reliable. Any funds left over after paying bills and putting a little in savings is used for fun. I try to let this accrue as much as possible for the occasional dinner date or flowers for my girlfriend and use free or cheap entertainment (i.e. Library) for my day-to-day diversions.
Loan Dispersement:
I will be dividing the loan between three credit cards. The balance owed and interest rates are as follows:
Credit Card 1: $9000 (29.99%)
Credit Card 2: $3700 (29.99%)
Credit Card 3: $4300 (32.24%)
Monthly Budget:
Net Income: $2660
Rent: $ 830
Credit Card 1: $ 350 (Paid with Prosper Loan)
Credit Card 2: $ 200 (Paid with Prosper Loan)
Credit Card 3: $ 200 (Paid with Prosper Loan)
Other Credit: $ 350
Cell Phone: $ 60
Internet/Cable: $ 100
College Loan: $ 115
Utilities: $ 100
————————
$ 355 (Food, gas, savings – Anything left over after those expenses is my recreation money)
My work as a consultant helps me keep my food and fuel costs to a minimum as I spend most weeks in other cities and all my expenses are reimbursed.
Repayment:
Should my loan be fully funded, I will make payments using automatic deductions from my verified checking account using money that has already been budgeted for my credit card payments. This loan will be paid off on-time or earlier. I welcome any inquiries about the information I have provided and I appreciate y
Dear bank,
Dear Bank,
I just received a letter from you stating that I owe you $105.18 – due to you keep charging me for some reason.
I have closed my account with you over two months ago. Why have you kept it open and fraudulently charging me $30 every time. I walked into 16th St and Southern Branch and closed it personally – withdrew my funds and that was the end of it. Stop sending me letters saying I owe you.
The only thing I owe you is the loan I have with you and nothing more.
I am not responsible for any charges your are claiming on me after I have closed my account. You should check to see why the person I talked to – did not close my account.
Thank you,
Letter of Volunteering to Car Repo
RE: Account #000000
In regards to the above account name and number, this is to inform you that I am no longer able to continue to remit the monthly payments. I have faced many financial and personal obstacles and difficulties in the last few months. It will take some time until I will regain my financial status back. I understand, as a corporation, you cannot let me keep driving the car without making the payments. So I have come to conclusion that I will give up the car voluntarily.
I will leave the key and the car at my resident. You can send someone to pick it up.
Best regards,