Educational Expense

| Listing Information | |||
|---|---|---|---|
| Amount: | $3,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 13% |
| Lender Rate: | 9% | Borrower: | LD3Design |
| Finished | State: | CO | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-05-21 | EricsCC ROI: | 6% |
| Status History | |
|---|---|
| May 19, 2007 | Current |
|
Purpose of loan: I need to apologize on the previous listing. I realized I listed my gross income instead of my net. My daughter has been accepted to school out of state, and will be moving to California. This loan will enable her to secure her housing as well as defer the cost of moving for the period of time she is in school. Although I will be responsible for the loan, we feel strongly that our daughter contribute in the payments for the loan. This will help her gain the necessary respect for money and how to handle money. This loan will give her the proper start for college. My financial situation: I am stable in my employment, and have been in the same career field since I graduated from college. Although my wife income was not utilized, she is fully supportive of this request. I would also like to state that my 401K which could be utilized to pay this debt if circumstances dictated. Monthly net income: $ 5000.00 Monthly expenses: $ Housing: $ 2350 Insurance: $ 250 Car expenses: $ 109 Utilities: $ 200 Phone, cable, internet: $ 150 Food, entertainment: $ 300 Clothing, household expenses $300 Credit cards and other loans: $ 450 Other expenses: $ 200 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 134358 | Educational Expense | A | $3,000 @ 11% | May 08, 2007 | Withdrawn |
| 248641 | Pay off CITI | C | $4,000 @ 19% | Dec 10, 2007 | Expired |
| 252983 | Pay off CITI | C | $3,900 @ 17% | Dec 19, 2007 | Loan created |
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