Help Pay Funeral Expenses
| Listing Information | |||
|---|---|---|---|
| Amount: | $2,550.00 | Status: | Loan created |
| Grade: | HR | DTI: | 14% |
| Lender Rate: | 18% | Borrower: | PTSD13 |
| Finished | State: | CA | |
| Funded: | 100% | Group: | Vets helping Vets |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-04-11 | EricsCC ROI: | 13% |
| Status History | |
|---|---|
| Apr 10, 2007 | Current |
| Oct 30, 2007 | Late |
| Nov 08, 2007 | Current |
| Nov 28, 2007 | Late |
| Dec 06, 2007 | Current |
| May 28, 2008 | Late |
| Jun 10, 2008 | Current |
|
Introduction: Hello, my name is George. I am a retired Vietnam and Korea veterans of 21 years of service. I did 3 tours in Vietnam and 2 in Korea as a combat medic Loan Purpose: To pay keep my word and pay the funeral expenses of a recent death in the family and to get caught up on expenses due to the emergency trip. Credit Issues: My credit score is low because I do not have credit. I usually pay cash for everything and do not have need to own anything. I filed bankruptcy several years ago and vowed to pay off everything I could and not have credit/debts. Although I have been successful, it has hurt my credit rating. As a result, I have no credit. The good news is I have no debt and will be able to make payments to Prosper. Due to the cost to fly my family and assisting in my mothers financial needs has put me a bind. I had to take out a payday loan to pay for the emergency flights, which you might see on the credit report. Since nobody could pay for the balance and my mom did not have enough life insurance, I created agreement to have the $2,000 balance paid off in 30 days and that is now in jeopardy. The additional issue is I discovered that my sister who was in charge of paying my moms debts was actually using the money for herself and left my mom?s bank account $500 overdrawn. Now I find that we must return my mom?s last social security check and retirement check, which would not have been a problem, but my sister took her money. So I will need to add this to the total. I need your help. I do not like to break my word, so I am seeking assistance. Repayment Ability: I do not pay rent as I live with my nephew?s family and live in their mother in law apartment. I help pay for utilities, cable and food and some life insurance premiums. No living expenses. No debt as I have paid cash for everything. So, I can and will pay back the loan. Monthly Income: My monthly net income is $1,600 Monthly Expenses: Utilities: $50 Insurance: $78 Cable: $25 Food: $150 Other Expenses: $100 Total Expenses & Debt = $403.00 Total Cash Flow = $1,197 With the payment of the pay day loan, I will increase my monthly income by $90.00. So, I am a good credit risk because I do not have much debt and will pay this loan off early, hopefully within the first year. I am determined to keep my word and clear my mom?s name. |
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