Paying off high APR credit card

Purpose of loan:
This loan will be used to?Pay off a credit card with a high interest rate.

My financial situation:
I am a good candidate for this loan because?my position in the company that I work for is very stable, and I have been here for over 10 years now. Also, I have been very reliable in making my credit card and loan payments.

help me out of a high APR auto loan

Purpose of loan:
This loan will be used to? I have a very high APR auto loan and it is getting harder and harder each month to make the payments.

My financial situation:
I am a good candidate for this loan because? I have had my current job for a very long time and I will be greatful to get out of the current loan I have.

Q: What is your current car payment/rate & finance co? - pposFUNDing

A: the payment is close to $400 (Jul-09-2010)

New Car

Purpose of loan:
This loan will be used to buy a used car. I am what you would call a 'car guy.'? Since I was a little kid I have always been fascinated with cars, mainly American Muscle cars. Over the years I have been lucky enough to own a couple of nice ones but it has been a while now and I am itching for a nice ride. I recently got engaged to my girlfriend of ten years (who luckily supports me and my hobby!) and we decided that before we get married and have kids we would try to buy a car we would both enjoy.
I am a graphic designer working for the government my fiance is a case manager for a home health care company where she has been for 9 years.
When we bought our house 6 years ago we made the smart decision to not 'max-out' the mortgage offers. We purchased a smaller house that would allow us to continue to save some money and live the lifestyle we wanted. Other than normal housing expenses (electric, internet, cable, phone, etc) we have a few credit cards but we only use two and both are almost always paid in full at the end of the month.


My financial situation:
I am a good candidate for this loan because my credit is excellent and I value that. I ALWAYS pay my bills on time. I am a stickler for keeping my credit rating in great shape as it influences so many things in today's world. Although I am looking for a loan in the amount of $10,000. The car I am looking at is 21,000.00, we managed to save the first $11,000 over the past year and a half.

Q: Is your job a permanent position? And what did you do previously and how long did you do it? Thanks, and Good Luck! - proton346

A: Hi, my position is a contract position which means every six months they renew the position with my company to keep me on post. I have been there for a year now and I work along side two people that are also contract workers, one has been there 9 years the other 5. As far as I'm concerned the position is permanent. I believe it is simply cheaper to hire people that way. Before that I worked as a graphic designer for a health care publishing company for 8 years. (Jul-12-2010)

Q: Looks like you have pretty good credit (820+). Congratulations on that. But why prosper? Why on-line? With good credit, wouldn't a credit union give you a better rate than 11%+? Thanks - MortgageeMarty

A: Actually, I did have a few options for a loan. The issue is, because I am looking to buy a car - and one that is possibly older then a 2001 model - the banks and my credit union like to have something as collateral and they don't look at the cars condition, just it's age. So once it's past a certain age limit they no longer offer a loan. There are companies that offer financing specifically for older vehicles, however they charge large fees. Prospers rate is pretty competitive in my opinion (Jul-15-2010)

Q: Hi, How many cars do you own now? Do you usually sell them or use them till their exhaustion? Will you sell them if your income goes down? Thanks, - p2ploan-sensation211

A: Well, If you mean cars that you use to commute to work and run around in - I have one and my fiance has one. We each use our cars for work and both are paid off. This car that I am looking to purchase is more of a weekend driver, nice weather ride. Something to work on/tinker with in the garage. And yes, if push came to shove and we had to pay bills the car would have to go. You can bet my fiance would make sure of that :-) (Jul-17-2010)

Q: So you are a DoD contract employee? If yes, when is the contract up for renewal? DoD service contracts typically run for 5 years, I believe. - jcmjim

A: Yes, I am a DoD contract employee for the Army. I'm not sure about the 5 year contract, I haven't heard that. As I wrote in an earlier email, the two other designers that work there have their contracts renewed every January - at least that is what they told me. But I do know they have both been there for a good while now, one over 9 years the other 5. I feel safe saying that they have no plan to let me go, they pitched it to me as a full time, perm position. Thanks! (Jul-17-2010)

Paying off high interest debt

Purpose of loan:
This loan will be used to pay off high interest debt.

My financial situation:
I am a good candidate for this loan because I think I can pay this debt off in the next 8 months but would like to do so at a lower rate.

Monthly net income: $ 2500

Monthly expenses: $
??Housing: $ 600
??Insurance: $ 120
??Car expenses: $ 0
??Utilities: $ 80
??Phone, cable, internet: $ 80
??Food, entertainment: $ 300
??Clothing, household expenses $ 100
??Credit cards and other loans: $ 100
??Other expenses: $ 100

Need furnishings after divorce

Purpose of loan:
I just got divorced and need to furnish my place for my son and I.

My financial situation:
I am cash poor at the moment due to making the deposit (first and last month's rent).? But, I own my car and have a more than adequate income to afford a monthly payment on furniture.

Monthly net income: $ 5300

Monthly expenses: $ 3800
??Housing: $ 895
??Insurance: $ 90
??Car expenses: $ 150
??Utilities: $ 120
??Phone, cable, internet: $ 55
??Food, entertainment: $ 250
??Clothing, household expenses $ 100
??Credit cards and other loans: $ 450
??Other expenses: $ 1495 (mortgage for my home where my wife is living), $154 (student loan)

Paying Off My Credit Cards

Purpose of loan:
This loan will be used to pay off my credit cards and consolidate my small debt.

My financial situation:
I am a good candidate for this loan because I have a very stable job (Assistant Principal) in a Public School.

Monthly net income: $ 2500

Monthly expenses: $ 2000
??Housing: $ 700
??Insurance: $ 112
??Car expenses: $0
??Utilities: $ 217
??Phone, cable, internet: $ 100
??Food, entertainment: $ 50
??Clothing, household expenses $ 400
??Credit cards and other loans: $ 100 after consolidation
??Other expenses: $ 200

Consolidate high interest

Purpose of loan:
This loan will be used to? consolidate some higher interest debt

My financial situation:
I am a good candidate for this loan because?I pay my bills on time and will be using this loan to help aggressively pay off my debt.

Paying off Credit Cards

Purpose of loan:
This loan will be used to? Pay off all of the accounts that I owe on.
My financial situation: I am struggling to make payments on seven different accounts, with one monthly payment and all of my accounts paid in full would really make things alot better and stable. I am current on all of my accounts and always have been, just need a faster way out of?debt.??
IMonthly net income: $ 2600

Monthly expenses: $ 1900
??Housing: $ 750
??Insurance: $ 112
??Car expenses: $ 280????
??Utilities: $ included with rent
??Phone, cable, internet: $ 120
??Food, entertainment: $?200
??Clothing, household expenses $ budgeted in with grocery bill,?have not been spending money that much because?I have been putting most of? my extra money towards bills.?
??Credit cards and other loans: $?500 (Credit cards will be paid off if?my loan is funded, which is about $325 out of the $550)
??Other expenses: $

Q: what's your occupation? how long are you in your job? - p2ploan-sensation211

A: I am in shipping and receiving at Wal-Mart Distribution center, I have been with the company for 6 1/2 years. (Jul-17-2010)

Q: I think your a great candidate for this loan!...Can you explain your employment status a bit more...... Where you work, how long you've been here, what you do, how your monthly pay is calculated, etc? THANKS!! - SmartConsolidation

A: Thank you! and sure, i work in shipping and recieving at Wal-Mart distribution center, i really dont have a set job title, i pretty much do everything. We deal with receiving goods from overseas and sending it out to the stores, I have been with the company for 6 years and 5 months, and I am an hourly associate. I get paid every two weeks, it is just a set dollar amount multiplied by how many hours I work. Hope this helps! (Jul-20-2010)

Stop Giving CC Companies Interest

Purpose of loan:
The proceeds of this loan go directly to revolving debt balance with the highest effective interest rate.
My financial situation:
I recently went back to graduate school, bought a house in April, and paid off about $13,000 worth of debt.? Yes, I did have?almost double the amount of debt that you see.? However, I've made?great progress and want to wipe it out completely. ?I have a small amount of equity in my home and while I hate to see the revolving credit balance that I have built up, I really hate to pay the unreasonable interest rates that the card companies have tacked on to previously low APR accounts.?I also have?more cash in my brokerage and checking accounts than I have revolving debt, but want to?remain liquid.

?I have been full-time employed since graduating college and my income has grown by an average of 15% per year for the last four years.? I would have borrowed the full $16,000, but some of the debt is at a low fixed rate and after this loan I will be able to eliminate the rest of the high-interest revolving debt.? I will be debt free, aside from my mortgage, when I finish my graduate program.? I also expect an income boost commensurate with my track record.

Pay off credit card in collection

Purpose of loan:
To pay off my only credit card in collection--the rest are current and in good standing.

My financial situation:
All of my accounts that were with collection agencies are paid in full except for the one I am applying for a loan to pay off.? In fact, I am now in a financial position to pay my bills before the due dates and I will often pay above the minimum. I simply don't have savings to pay off the collection agency. Most recently, I leased another vehicle mainly because it was cheaper than getting finance to purchase.I have leased with Honda for my last 3 cars and because of my stellar payment history, they put me in the Top 2 tier for financing?one below the most excellent.So I am making progress, and I am hoping that with this loan I can further improve my credit situation.? My student loans are what lower my credit score--these are currently in deferment and 2 are in collection, unavoidable as Citibank refused to work out a payment plan for me while I was unemployed.Monthly net income: $ 4600

Monthly expenses: $
??Housing: $ 1000
??Insurance: $ 167 ????
??Car expenses: $ 360
??Utilities: $ 50 (bimonthly)
??Phone, cable, internet: $ 200
??Food, entertainment: $ 200
??Clothing, household expenses $ 75
??Credit cards and other loans: $ 1100
??Other expenses: $ 50

Q: Good luck with your bid. It sounds like you are on a better path and heading in the right direction. - farblest

A: Thank you. I am on the right track and getting there, but the student loans that I have are killing me. I'll never in my lifetime be able to pay them off. They are a thorn in my side. I hope that the government eventually does something to help me and the thousands of others in the same boat. I have read so many articles lately about people in my same position. (Jul-05-2010)

Pay off a high interest rate credit

Purpose of loan:
This loan will be used?for debt consolidation.?

This loan will be used to pay off a HIGH interest Credit Card, I would rather pay the loan amount and interest to lenders on Prosper.

My financial situation:

I am a great candidate for the requested loan because I am seeking the funding simply as a way to lower my cost of credit as I take definitive actions to reduce my overall debt level.I am not in a financially stressed situation.The funds that would be provide by this loan would be part of a process of operating more efficiently and effectively from a personal finance standpoint.I am very trust and credit worthy and I have never failed to meet any financial obligation as my credit report will show.

Q: Do you work part-time by choice? Please share a little more about your employment situation. Thank you, and Good Luck! - proton346

A: Yes, I have worked a county job part-time by choice for the last 13 years to be home with my children. My youngest will graduate school next year. I have been looking for a full time job. I was just married last year and we are paying our debt down. (Jul-12-2010)

Q: What is your current interest rate and min payment? - antaum

A: 18.99% & $121.00 (Jul-12-2010)

Q: What do you owe on the credit card you are paying off? I would also appreciate being able to see an itemized list for your monthly expenses. Thanks! - proton346

A: I owe $5949.00 on just the one card. Between my husband and I we have been paying around $300 extra each month on the Credit Card. (Jul-12-2010)

Trying to start my snowball payoffs

Purpose of loan:
I want to use this loan to consolidate high rate debts, to facilitate faster snowball payments.

My financial situation:
My household income looks great, on paper.? Unfortunately, due to hospital bills for a premature daughter, and economic circumstances, my revolving debt is now too high to handle.? My husband and I do not wish to entertain bankruptcy or default.? I am adamant that we will pay off all our debt.? However, due to credit card companies jacking the rates higher and higher, we find ourselves drowning a little more, every month.? If we can get that one step ahead, I know we can climb out of this hole and pay off all the debts and medical bills.? We've owned our own home for over a decade, and have always found a way to make the payments.

The numbers, below, reflect debt held jointly with my husband.? The above stated income, and percentages based on that, are from my job, alone.? Combined, we make approximately $140K, annually.

Monthly net income: $ 8,900

Monthly expenses: $
??Housing: $ 3,400
??Insurance: $ 210
??Car expenses: $ 400
??Utilities: $ 580
??Phone, cable, internet: $ 150
??Food, entertainment: $ 700
??Clothing, household expenses $ 2,500 (including childcare expenses)
??Credit cards and other loans: $ 1,000
??Other expenses: $ 500

Thank you very much for considering my loan.

Q: Hi, you write (We've owned our own home for over a decade) but you show a house payment. Can you explane? thanks - 1-HARD-HEAD

A: Yes. We own our home, rather than renting, but we still owe on a first and second mortgage. Those two payments are reflected in the house payment. (Jul-09-2010)

Q: Hi, Where you able to negotiate a 0% interest rate on your hospital debt? If not, what rate are you paying? Also, what rate are you averaging on your credit cards? Thank you. - 1313mark1313

A: We are still in process of negotiating payment options on the medical bills. The average on credit cards is 13.45% (2 cards negotiated to 0%, one card at 24.9%, the other at 29.9%... the latter will be replaced with this loan, and immediately cancelled). (Jul-11-2010)