?Goal -- Consolidate debt, Improve credit score?
| Listing Information | |||
|---|---|---|---|
| Amount: | $4,400.00 | Status: | Loan created |
| Grade: | D | DTI: | 17% |
| Lender Rate: | 13% | Borrower: | TXMichelle |
| Finished | State: | TX | |
| Funded: | 100% | Group: | closed12345 |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-03-28 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Mar 27, 2007 | Current |
| Nov 23, 2007 | Paid |
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Hello, The purpose for this loan is to consolidate my debt and improve my credit score. About Me I graduated from in May '05 w/ a Bachelor?s Degree in Health Admin.I moved to Dallas in Jan. ?05 for an internship.Once I graduated, I was hired on as a full-time salaried employee.I take my credit very serious and make my payments on time.I monitor my credit reports/scores using a service provided by TrueCredit.If you have any questions, feel free to ask. =)Debt Visa (Citibank) Credit Card: $1,610.54 (APR 14.24%) Wells Visa Credit Card: $1,938.94 (APR 23.50%) Loan: $875.00 (APR 82.52%, includes finance charge)Total: $4,424.48Note:I also have a student loan and medical expense, but don?t plan on borrowing money for these loans. I'll continue on my current repayment plans.Recently, I finished paying off 1 loan and 4 dept. credit cards.I don?t plan on putting a balance on these accounts any time soon. IncomeGross: $2,908 per month Net: $2,226 per month (paid bi-weekly) Monthly ExpensesNot including payments for debt, which will be paid off with loan.Rent $652.00 Electric $130.00 (or <) Water $24.00 (or <) Cell $65.00 (or <) Cable $52.43 Student Loan $82.27 Gym $35.71 Auto Insurance $59 Medical $25Total $1,125.41Doesn't include food/gas.I've also been furnishing my apt. for the past 2 months.I haven?t charged any of these purchases and don?t plan to do so. Credit HistoryI missed a C by 2 points. My credit score is low for 3 reasons:1) My mother opened her telephone account under my name, without my permission.She stopped paying on it and left a balance of $1,215 on the account.I found out about the account once I checked my credit report!By that time (04/05), it was in collections.I called the collection agency and arranged to pay the bill myself (paid it off by '05).Now, it's noted as ?Paid? on all 3 reports, but will stay on as ?delinquent/derogatory? for a few more years. 2) Loan and cards listed under ?Debt? have high balances (95% usage). 3) In b/w my internship and salaried position, I was off for 2 weeks.I didn't have enough income to pay my Verizon Visa Credit Card on time for June '05 & July '05.I made sure to get back on track Aug. '05 and have not missed or been late on a payment since. Thanks for your time and consideration. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 235295 | Borrower w/ Good Record, Loan for Truck, Additional Income | D | $10,000 @ 8% | Nov 21, 2007 | Expired |
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