Suddenly Single, Need Debt Consolidation
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,500.00 | Status: | Loan created |
| Grade: | D | DTI: | 29% |
| Lender Rate: | 18% | Borrower: | kdi12 |
| Finished | State: | CA | |
| Funded: | 100% | Group: | High Risks that should not be |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-05-10 | EricsCC ROI: | 13% |
| Status History | |
|---|---|
| May 10, 2007 | Current |
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About Me: I am a 41 year old single woman living in Los Angles with my dog Trevor. My boyfriend and I of 2 ½ years, whom I lived with, recently broke up and we are now living separately. As such, my expenses have suddenly and unexpectedly doubled. In addition, my apartment complex is turning condo and I must move out. Rents in LA are median $1588 and most do not allow pets. After weeks of searching, I found one that will take my dog and the rent will be $1600. My current apartment is $1550 of which I was paying half, so although it?s a similar rent, it?s still double for me. I have a very stable job as an HR Representative for a large architecture/design firm and I am Ivy League educated?I went to Columbia University where I hold a BA degree in English Literature. Purpose of this Loan: One of my accounts, with a balance of $4K, can be paid off with only $2000, according to a recent offer I received. With this loan, I will be able to accept that offer, and pay off two other (current) credit accounts, saving a total of $150 in monthly payments. My Credit Rating: My credit report shows delinquencies incorrectly, because I have payment arrangements on all the old accounts, and those arrangements are current. Just last month I was able finish paying off one of those accounts, which was $1700 last year. So I am making progress, and I am hoping that with this loan I can further improve my credit situation. My Monthly Income: My takehome pay, biweekly, is $1560, so my monthly takehome pay is $3380. My Monthly Expenses: The accounts I will pay off with this loan entail monthly payments of $150, so those expenses are not shown in my expense summary below:
Paying This Loan: Comparing my listed expenses above to my current income, shows that I have a cushion of over $350/mo, which is about three times the amount needed to pay this loan. And that cash flow situation will improve further as I get other accounts paid off over time. With this loan, I'll be able to get a good start on repairing my financial situation, and I plan to finish the job! |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 121288 | NOW SINGLE--EXPENSES DOUBLED--NEED TO CONSOLIDATE DEBT | D | $6,000 @ 22% | Apr 09, 2007 | Expired |
| 124553 | Suddenly Single w/double expenses-want to consolidate debt | D | $6,000 @ 22% | Apr 16, 2007 | Withdrawn |
| 124881 | Suddenly Single w/Double Expenses Wants to Consolidate Debt | D | $6,000 @ 24% | Apr 17, 2007 | Withdrawn |
| 126175 | Suddenly Single W/Expenses Doubled Wants to Consolidate Debt | D | $6,000 @ 28% | Apr 20, 2007 | Withdrawn |
| 127795 | Suddenly Single w/Expenses Doubled Seeks to Consolidate Debt | D | $3,000 @ 28% | Apr 24, 2007 | Withdrawn |
| 231605 | Seeking Second Loan to Consolidate Bills | D | $5,000 @ 29% | Nov 14, 2007 | Withdrawn |
| 235019 | Seeking Second Loan to Consolidate Bills | D | $3,500 @ 29% | Nov 20, 2007 | Withdrawn |
| 237224 | Seeking Second Loan to Consolidate Bills | D | $4,000 @ 25% | Nov 25, 2007 | Loan created |
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