Teacher paying off debt
| Listing Information | |||
|---|---|---|---|
| Amount: | $22,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 18% |
| Lender Rate: | 11% | Borrower: | twiggle |
| Finished | State: | MD | |
| Funded: | 100% | Group: | Network of Friends |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-03-26 | EricsCC ROI: | 7% |
| Status History | |
|---|---|
| Mar 23, 2007 | Current |
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Background: I am a 32 year old teacher. Over the last couple of years I have - completed my Masters in Education (I am a certified Reading Specialist) - completed an intensive three-month Spanish emersion program in Costa Rica, and - organized and funded the creation of a brand new library at a DC Public Elementary School. The children at this school had not had access to a library or books for many years. While all these endeavors have been very rewarding, they have left me with quite a bit of debt! What I would do with this loan: I have about $22,000 in high interest rate credit card debt which I want to pay off over the next three years. Monthly Income & Expenses: --- Income --- $2900 Net Salary --- Expenses --- $1350 Rent $ 0 Utilities $ 50 Phone/Internet $ 70 Mobile Phone $ 0 Car (Paid in full) $ 30 Car Insurance $ 70 Gasoline $ 200 Food ------------------------ $1770 Total Expenses That leaves roughly $1100 a month available to pay off my debt, far more than the $750 monthly payment that this loan will require. I am a very reliable borrower - I have no history of delinquency or missed payments. Thank you for reviewing my loan application and if you have any questions or concerns, please do not hesitate to ask them using the link below. |
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