Re-list Home Improvement to Open Daycare Business
| Listing Information | |||
|---|---|---|---|
| Amount: | $6,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 6% |
| Lender Rate: | 17% | Borrower: | th4golf |
| Finished | State: | KS | |
| Funded: | 100% | Group: | Everyday People |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 2 months late | Origination Date: | 2007-05-21 | EricsCC ROI: | -32% |
| Status History | |
|---|---|
| May 19, 2007 | Current |
| Sep 07, 2007 | Late |
| Sep 23, 2007 | 1 month late |
| Sep 27, 2007 | Current |
| Jun 10, 2008 | Late |
| Jun 18, 2008 | Current |
| Aug 06, 2008 | Late |
| Aug 22, 2008 | 1 month late |
| Sep 18, 2008 | Current |
| Sep 19, 2008 | Late |
| Sep 22, 2008 | 1 month late |
| Oct 02, 2008 | Current |
| Oct 06, 2008 | Late |
| Oct 22, 2008 | 1 month late |
| Nov 22, 2008 | 2 months late |
|
Purpose of loan: The purpose of this loan request is to pay ahead on our mortgage, open a home daycare business and pay off a payday loan and dental bill. Once we get ahead one month on the mortgage we can get on a twice a month payment plan which will be easier to manage. My wife is in the process of getting licensed to open a home daycare business. In order to get licensed and pass inspection we need to repair/replace our fence because one section is very unstable and the gate is missing. She also needs to purchase safety gates for the stairs inside, play equipment and supplies to run and advertise the business. Once the repairs and safety items are in place the State will inspect our home and give her a license to run a home daycare. She will be able to care for kids that have their care paid for by the state. She already has 2 kids waiting which is a guarenteed $1300 per month. She plans to watch between 4-6 kids so the income could be quite good. My financial situation: Since my first listing three months ago my credit grade has gone from HR to D. I have paid my bills on time and received a pay increase at my job. My wife has been searching for a home based business and has decided to do home daycare so she can stay home with our 7 & 4 yr old daughters. She has also been doing various mystery shops to bring in extra income. We have been working hard to repair our credit and only have a few more things that need to be updated. As soon as the repair is complete we are going to refinance our home to lower our mortgage payments. I am no longer a HR!!! Please consider my loan request. I will not let you down. Thank you Monthly net income: $ 2579 Wife monthly income $1557 Total net income $4136 Monthly expenses: Housing: $ 1741 Auto Insurance: $ 45 Car expenses: $ 260 (Balance left on car loan is $945) Car maintenance/fuel: $100 Utilities: $ 270 Cell Phone: $95 Phone, cable, internet: $ 119 Food: $ 500 Clothing, household, misc./personal expenses $ 250 Credit cards and other loans: $ 70 Other expenses: $ 96 (after school care ending soon) Total Expenses: $3546 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 95631 | New Homeowner Needs A Little Help | HR | $3,500 @ 20% | Feb 09, 2007 | Expired |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|