Debt Consolidation
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,001.00 | Status: | Loan created |
| Grade: | HR | DTI: | 32% |
| Lender Rate: | 26% | Borrower: | zeta0497 |
| Finished | State: | GA | |
| Funded: | 100% | Group: | Psalms 1:1-3 |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 4+ months late | Origination Date: | 2007-05-22 | EricsCC ROI: | -56% |
| Status History | |
|---|---|
| May 21, 2007 | Current |
| Feb 07, 2008 | Late |
| Feb 23, 2008 | 1 month late |
| Mar 23, 2008 | 2 months late |
| Apr 23, 2008 | 3 months late |
| May 24, 2008 | 4+ months late |
|
Purpose of Loan: I am applying for this loan to help consolidate and alleviate debt incurred during and shortly after college. My financial situation: My credit problems started in my college years. I'll admit that back then I didn't realize how important good credit was, and was extremely irresponsible with my bills. While I have tried to, and have improved with my finances greatly since then having so many different bills, with so many different due dates causes me to get behind. Right now I have 4 delinquent accounts that I have to take care of and will do so with the money I receive from this loan if it is fully funded. Any money that is left over will go towards lowering my monthly car payment, and paying my insurance off for at least 6 months, and towards my student loans. With all of my smaller bills paid off, and a reduction in my car payment and other larger bills, I should have no problem making on time payments via ACH to repay the loan. Delinquencies: Right now I have 4 delinquent accounts on my credit report. These are all credit cards that I foolishly opened as band-aids or quick fixes in the past. While they did help for a time (only for extra cash) I've learned the hard way that adding high interest credit cards to my debt is not a way to fix my problem. Public Records in last 12m/10yr: 1/1 - I was named as an unsecured creditor in a bankruptcy case back in December. A company that I did freelance graphic design for fell through before they could pay me (and quite a lot of other people) the money that they owed me. Monthly net income: $ 1828.12 Monthly Gross Income: $2,329.60 Monthly expenses: $ 1240.80 Housing: $0.00 I currently live with my parents Insurance: $160.00 Car expenses: $450.00 Utilities: $25.80 Phone, cable, internet: $ 45.00 Food, entertainment: $ 30.00 Clothing, household expenses $30.00 Credit cards and other loans: $500.00 (credit cards and student loans) Other expenses: $ 100-150 depending on the price of gas. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 130260 | Debt Consolidation | HR | $3,001 @ 29% | Apr 29, 2007 | Expired |
| 253070 | Trying to go back to school. | HR | $10,000 @ 35% | Dec 19, 2007 | Expired |
| 258807 | 2nd try - Trying to go back to school. | HR | $10,000 @ 35% | Jan 05, 2008 | Expired |
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