Paying off Debt, getting back above water
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,500.00 | Status: | Loan created |
| Grade: | HR | DTI: | 28% |
| Lender Rate: | 29% | Borrower: | djkauff |
| Finished | State: | GA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Default | Origination Date: | 2007-05-21 | EricsCC ROI: | -64% |
| Status History | |
|---|---|
| May 19, 2007 | Current |
| Aug 05, 2007 | Late |
| Aug 28, 2007 | 1 month late |
| Sep 23, 2007 | 2 months late |
| Oct 23, 2007 | 3 months late |
| Nov 23, 2007 | 4+ months late |
| Dec 28, 2007 | Default |
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Purpose of loan: I will be using this loan to pay off other debt. I made a mistake about 6 months ago and went to a company called cash call for help in an emergency. I have a 2600 loan with them at 99% interest. I would like to pay this off, have been paying on it for six months at 216 a month and haven't lowered the principal any. I would also like to pay off a few other bills to get my head above water again to provide a better life for my family and I. My financial situation: My debt ratio is high due to this loan, but I am still paying it every month, I haven't missed a payment. I do everything I can to pay my bills. I do have a credit card that shows my utilization at 92%, but that is because it only has a $300 limit. I am working hard to pay my bills. Getting the previous loan was a mistake, but I am not willing to default on it to avoid having to make the payments on the 99% interest. If I am funded for a loan I will make every payment until it is paid in full. Monthly net income: $ 2,380 Monthly expenses: $ Housing: $ 606 Insurance: $ 61 Car expenses: $ 340 Utilities: $ 150 Phone, cable, internet: $ 150 Food, entertainment: $ 250 Clothing, household expenses $ Credit cards and other loans: $ 236 Other expenses: $ Gas 175 |
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