Active Duty Military - Consolidation Loan
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 49% |
| Lender Rate: | 14% | Borrower: | nate_3150 |
| Finished | State: | CO | |
| Funded: | 100% | Group: | New Day Rising Loans |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-05-16 | EricsCC ROI: | 13% |
| Status History | |
|---|---|
| May 16, 2007 | Current |
| Jun 19, 2008 | Payoff in progress |
| Jun 28, 2008 | Paid |
|
Purpose of loan: The purpose of this loan is to consolidate my debt so that I can pay it off faster and put my money towards more responsible investments. When I was younger I made some poor decisions and maxed out 2 credit cards, however I have never been delinquent on any payment. The only reason that I have a ?D? rating is because of my debt to income ratio aside from the 2 credit cards. I am certain my score will change after consolidating. I am looking for a fixed rate loan so that I can put more payment towards the principle. I can easily afford all my bills but would like faster and smarter results. I WILL NOT HAVE ANOTHER CREDIT CARD OR ADDITIONAL LOAN DURING THIS PERIOD. I WILL CANCEL UNUSED ONES AND REQUEST A LIMIT TO $400.00 (total) LIMIT ON THE TWO REMAINING CARDS. The only reason on why I plan to keep these two cards is to help my credit history. My financial situation: I am in the Air Force and am on salary; therefore I have a guaranteed paycheck through 2009. I plan to pay this debt off faster; this just shows the establishment of a concrete payment to you throughout the lifetime of this loan. With the exception of the 2 credit cards that I plan to pay off ($6,000 balance total), all of my loans are paid on time and over minimum payment. The other loan I plan to pay off has a balance of $700 and a payment of $113. I pay $250 every month towards that loan. My monthly budget: Mortgage/rent: $390 Insurance: $215 Car expenses: $341 Utilities: $N/A Phone, cable, internet: $60 Food, entertainment: $200 Clothing, household expenses: $30 Credit cards and other loan payments: $300 Other expenses: $150 --------------------------------------- Total monthly expenses: $1686 Income: Base pay:$1978.50 Housing: $638 (not taxable) Food: $279 (not taxable) --------------------------------------- Total Monthly income: $2541.67 after taxes Money Left Over: $855 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 128183 | Debt Consolidation - GAURANTEED PAYMENT | D | $7,000 @ 17% | Apr 24, 2007 | Withdrawn |
| 128338 | Debt Consolidation - GAURANTEED PAYMENT | D | $7,000 @ 17% | Apr 24, 2007 | Expired |
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