repayment of a baaaaad cash call loan
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|Funded:||100%||Group:||Computer & IT Professionals|
|Loan Status:||Default||Origination Date:||2007-03-22||EricsCC ROI:||90%|
|Mar 22, 2007||Current|
|Nov 07, 2008||Late|
|Nov 23, 2008||1 month late|
|Dec 23, 2008||2 months late|
|Jan 23, 2009||3 months late|
|Mar 07, 2009||Default|
This loan would go to pay off a bad cashcall loan that I got near the end of last year. The cash call loan payment is $332/mo and is paid over 10 yrs. This loan would nearly be the same exact payment (thus would not add any additional financial burden) but would be paid off in 3 yrs. Probably sooner.
I have a 1st mortgage and a HELOC both with great rates that I do not want to touch (refinance).
I am a Mechanical Engineer in the SF bay area. I am married with two boys. I earn $94,000/yr and my wife earns an additional $40,000/yr. I have been employed at the same company for almost 10 years and am a homeowner. I have a long credit history with no late payments, no defaults or anything negative reported.
|Borrower's Other Listings|
|104636||Repayment of a BAAAAD cash call loan||B||$9,999 @ 13%||Feb 28, 2007||Expired|