Debt consolidation to buy new home
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 25% |
| Lender Rate: | 13% | Borrower: | familyman12 |
| Finished | State: | GA | |
| Funded: | 100% | Group: | GROUP CLOSED |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-05-22 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| May 20, 2007 | Current |
| Apr 13, 2008 | Payoff in progress |
| Apr 18, 2008 | Paid |
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Purpose of loan: I am interested in paying off some lingering, high-interest credit card debt in order to purchase a new home for my growing family. My financial situation: I have a steady job with a good income. Having been employed as a computer programmer for over 9 years with the same company, I am not hurting for money. I do feel the pinch of higher-interest credit card debt, though, and would like to remedy the situation as soon as possible. We would like to purchase a new home, but want to wait until we are debt-free before we begin our search. This loan would bring my family and I closer to realizing our dream. Monthly net income: $ 4850 Monthly expenses: Housing: $ 384 Insurance: $ 247 Car expenses: $ 725 Utilities: $ 150 Phone, cable, internet: $ 225 Food, entertainment, clothing, household: $ 1000 Credit cards and other loans: $ 1230 Other expenses: $ 500 ______________________________________ Total expenses: $4461 |
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