Debt Consolidation
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,800.00 | Status: | Loan created |
| Grade: | HR | DTI: | 62% |
| Lender Rate: | 27% | Borrower: | cdanger |
| Finished | State: | NC | |
| Funded: | 100% | Group: | Psalms 1:1-3 |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 4+ months late | Origination Date: | 2007-05-16 | EricsCC ROI: | -44% |
| Status History | |
|---|---|
| May 16, 2007 | Current |
| Nov 02, 2007 | Late |
| Nov 23, 2007 | 1 month late |
| Dec 17, 2007 | 2 months late |
| Jan 17, 2008 | 3 months late |
| Feb 17, 2008 | 4+ months late |
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Purpose of loan: I am an Account Executive in the SubPrime Mortgage Industry. I have experienced some rough times in the last several months, which was unexpected by all of us in the industry. With that being said, I was extremely lucky and was picked up by a company that has been in the business since 1918. They are a very solid company offering a great product. With this new position, I am also covering a much larger territory then I have in the past. Along with a larger territory also comes a larger paycheck. My paycheck is straight commission. This territory has consistently averaged $1.5-$2 Million in loans a month. I receive a commission of 1% of all loans funded. I will be making a minimum of $5,000 per month My financial situation: My fiancee lives with me in a house my father gave me. My fiancee is a Sheriff?s Deputy who is in the process of being promoted to Detective. He brings home an income of $1,950 a month. A little over a year ago he and I started an online Police Supply business. In the last year we?ve consistently averaged a profit of $1,000 a month. I would like this loan to consolidate the following high interest rate credit cards: $760 HSBC 28% $1,000 Merrick Bank 25% $4,000 Direct Rewards 24% Monthly net income: $ 1 Monthly expenses: $ Monthly Expenses $140 Insurance $698 Car Expenses $200 Utilities, Phone, Internet $500 Food, Clothing, & Entertainment $200 Household Expenses $1,400 Credit card payments $3,138 Total Monthly Expenses After paying all of our monthly expense, and bases on my income, I will still have $1,862 to make this payment and pay off my other credit cards sooner. Thank you for looking, and thank you for bidding. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 129671 | Paying off Credit Card Debt | HR | $10,000 @ 15% | Apr 27, 2007 | Expired |
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