Teacher Needs To Rebuild Credit
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Loan created |
| Grade: | HR | DTI: | 24% |
| Lender Rate: | 20% | Borrower: | teacher07 |
| Finished | State: | AL | |
| Funded: | 100% | Group: | No Risk |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-06-11 | EricsCC ROI: | 15% |
| Status History | |
|---|---|
| Jun 09, 2007 | Current |
| Jun 28, 2008 | Late |
| Jul 10, 2008 | Current |
| Jul 26, 2008 | Late |
| Aug 08, 2008 | Current |
| Oct 26, 2008 | Late |
| Nov 07, 2008 | Current |
|
Purpose of loan: Several years ago, I was laid off from a management position due to company downsizing. As a result, my credit card bills became behind and my credit was negatively affected. I would use this loan to pay off this old debt. My financial situation: I completed graduate school in May of '06. In addition to the Finance degree that I received in '96, I now have a Master's degree in Education. I am employed as a 5th grade teacher for the local public school system. I make $38,500 a year. My net income is approximately $2,500 a month. This does not include the income that I receive from attending teacher workshops and conferences or the income that I receive from my position as treasurer/secretary at my Father's church. I am able to pay my current bills and student loans with no problem. However, I am in need of a loan so that I can pay off old credit card debt and rebuild my credit. Monthly net income: $2500 Total monthly expenses: $1800 -Housing: $800 -Utilities: $130 -Phone, cable, Internet: $120 -Food, entertainment: $150 -Clothing, household expenses $100 -Student loans: $500 Total left after expenses: $700 The credit card balances that I will pay off with this loan are not showing up as revolving credit balances because they were "charged off" by the companies in '03 when I was laid off from my job and attending graduate school on a part-time basis. The credit card balances that I will pay off with this loan are: First Premier Bank $1506 Household Bank: $1772 Montgomery Ward: $1632 Total needed to pay off credit card balances: $4910 The $778 balance is an Applied Visa card that also became behind in '03 when I was laid off and in graduate school . It has not been "charged off" yet. I will have this balance paid off in full with my own money by the end of next month. **** I promise that this loan will be repaid faithfully and on time. Payments will automatically come out of the same account into which my payroll checks are direct deposited. **** Thank you for your consideration! |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 137332 | Pay Off Old Debt, Rebuild Credit | HR | $5,000 @ 29% | May 14, 2007 | Expired |
| 142555 | Pay Off Old Debt, Rebuild Credit | HR | $5,000 @ 29% | May 24, 2007 | Expired |
| 143448 | *Relist* Teacher Needs To Rebuild Credit | HR | $5,000 @ 29% | May 27, 2007 | Withdrawn |
| 143456 | Teacher Needs To Rebuild Credit (Relist) | HR | $5,000 @ 29% | May 27, 2007 | Withdrawn |
| 248977 | ***Teacher with Active Loan in Good Standing*** | E | $3,000 @ 35% | Dec 12, 2007 | Expired |
| 255126 | ***Teacher with Active Loan in Good Standing*** | E | $3,000 @ 35% | Dec 24, 2007 | Withdrawn |
| 257728 | ***Teacher with Active Loan in Good Standing*** | E | $2,100 @ 35% | Dec 30, 2007 | Expired |
| 259980 | ***Teacher with Active Loan in Good Standing*** | E | $2,000 @ 35% | Jan 04, 2008 | Withdrawn |
| 262467 | ***HELP... ALMOST OUT OF TIME!*** | E | $2,000 @ 35% | Jan 09, 2008 | Cancelled |
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