ZERO LATES!!/DEBT CONSOLIDATION/DAUGHTER'S PRE-COLLEGE COSTS
| Listing Information | |||
|---|---|---|---|
| Amount: | $4,500.00 | Status: | Loan created |
| Grade: | C | DTI: | 14% |
| Lender Rate: | 20% | Borrower: | briamom1 |
| Finished | State: | GA | |
| Funded: | 100% | Group: | BORROWERS - Free instant Listings - LARGEST GROUP |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-05-04 | EricsCC ROI: | 15% |
| Status History | |
|---|---|
| May 04, 2007 | Current |
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Purpose of loan: (explain what you will be using this loan for) I actually have two primary purposes for the loan in the amount of $4,500.00 I am presently requesting. First and foremost, I would like to pay off high interest credit cards that presently total roughly $2,300. The secondary purpose for the loan I am requesting is for use in paying the expenses I will incur when my daughter and I begin the search for a college for her to attend in Fall 2008. We plan to start visiting colleges during the next two months, and the money would help to cover travel-related expenses, in addition to any application fees. My financial situation: (explain why you are a good candidate for paying back this loan) I am a good candidate for paying back this loan for several reasons. First, I have worked very hard over the last 4 years in rebuilding my credit. During this time, I have never been late on any of my financial accounts. The problems I initially experienced with my credit began back when I was in college. At that time I, like so many other college students, obtained 4 - 5 credit cards that I did not need. Unlike many college students who run into problems with credit cards, my parents were not financially able to bail me out. After I had my daughter in 1991, it became more difficult for me to pay off my past balances while handling the financial responsibilities of a single parent. Although I worked 2 and 3 jobs at various points, I was unable to pay off all of my financial accounts. By 2003, I was forced to take extreme measures to get rid of my debt. However, I looked at this as an opportunity to start over. Because I was so diligent in keeping my accounts current, I was able to rebuild my credit score to the point that I qualified for a decent interest rate when I purchased my home in 12/2005. The second reason I am a good candidate for this loan is because of my character. I am an honest, hardworking person. I take my financial obligations very seriously because I feel that in today's world, in so many ways, your financial history determines your future. Monthly expenses: $ Housing: $1,158.00 Insurance: $(included in mortgage payment) Car expenses: $108.00 (insurance and gas for personal vehicle) Utilities: $200.00 Phone, cable, internet: $100.00 Food, entertainment: $250.00 Clothing, household expenses $100.00 Credit cards and other loans: $300.00 Other expenses: $50.00 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 123905 | Paying Off Debt | B | $10,000 @ 8% | Apr 15, 2007 | Expired |
| 127252 | Eliminating Debt/College Expenses for Daughter | B | $10,000 @ 13% | Apr 22, 2007 | Expired |
| 290067 | ZERO LATES!!/Second Loan/Home Improvement | C | $3,200 @ 17% | Mar 07, 2008 | Loan created |
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