Relist-Debt Consolidation
| Listing Information | |||
|---|---|---|---|
| Amount: | $17,500.00 | Status: | Loan created |
| Grade: | E | DTI: | 32% |
| Lender Rate: | 29% | Borrower: | ArmenA |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-06-01 | EricsCC ROI: | 28% |
| Status History | |
|---|---|
| Jun 01, 2007 | Current |
| Aug 02, 2007 | Payoff in progress |
| Aug 07, 2007 | Paid |
|
Purpose of loan: (explain what you will be using this loan for) The sole purpose of this loan is to consolidate all exisiting revolving lines of credit and to close all credit card accounts with theexception of one emergency credit card. My financial situation: (explain why you are a good candidate for paying back this loan) This is the last and finalized posting. I believe I am an excellent candidate for this one-time loan offering. I DO NOT have bad credit, I have TOO MUCH CREDIT. I have no bankruptcies, no charge offs, no collections, delinquencies, no foreclosures, no liens, and no levy?s. I got into credit card debt at the early age of 18 when I was approved for my first student credit card on the college campus I was attending at that time. However, in the last 5 years I have taken steps through my various positions working for 4 different banks (Cal Fed, Citibank, Wells Fargo, and Bank of America) to improve upon my financial situation. Through my experiences in the financial services industry I have been able obtain financial education and financial knowledge, which has helped me to gain a greater appreciation for money and a greater appreciation for spending and saving that money wisely and appropriately. I am currently employed by Bank of America Merchant Services as an Executive Sales Officer. I have worked hard to work my way up the ladder since starting as a bank teller 5 years ago. My current annual base salary is $50K and my current annual incentive pay is $10-20K based upon performance. I have an earnings statement to validate these figures. Also, I currently own my own Condo which has about $10-20K in equity. However, this equity is not available for my usage at this point as there is a one year pre-payment penalty remaining on the loan before I can refinance without losing more money. I am a new father of a 1 week old baby boy. I am looking for the opportunity and privilege of being debt free, improving my overall financial outlook, and taking care of my new family. Although I may not deserve this loan because my debts are a part of my choices and decisions, everyone deserves the right to make things right and to get ahead in life. Please help me. I have run out of choices and options, as many if not all creditors will not lend to me today because of their underwriting criteria?s. Thank you for your careful consideration. Monthly net income: $ 4500-5250 Monthly expenses: $ 3325-3525 Housing: $ 1900 Insurance: $ 0 (Paid by my family) Car expenses: $ 475 Utilities: $ 100 Phone, cable, internet: $ 100 Food, entertainment: $ 100 Clothing, household expenses $ 100 Credit cards and other loans: $ 550-750 Other expenses: $ |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 141981 | Debt Consolidation | E | $23,500 @ 9% | May 23, 2007 | Withdrawn |
| 141992 | Total Debt Consolidation | E | $23,500 @ 15% | May 23, 2007 | Withdrawn |
| 142152 | Total Debt Consolidation | E | $17,500 @ 20% | May 23, 2007 | Withdrawn |
| 142186 | Total Debt Consolidation | E | $22,500 @ 20% | May 23, 2007 | Withdrawn |
| 142781 | Total Debt Consolidation | E | $20,500 @ 25% | May 25, 2007 | Withdrawn |
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