Payoff 401K Loan for New 401K Loan
| Listing Information | |||
|---|---|---|---|
| Amount: | $1,000.00 | Status: | Loan created |
| Grade: | HR | DTI: | 2% |
| Lender Rate: | 18% | Borrower: | KingBlunt |
| Finished | State: | OR | |
| Funded: | 100% | Group: | Worldpower Investments |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-06-19 | EricsCC ROI: | 14% |
| Status History | |
|---|---|
| Jun 17, 2007 | Current |
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Purpose of loan: I will use this loan for 2 things: I have a 401K loan that has a balance of 767.69. I will be paying this off. That will put my 401K at a balance of about $4500.00. I will take another loan from that in the amoun tof $2250 and payoff this loan. I also have 2 accounts that are past due (old cell phone accounts) that I will payoff and remove from my credit. My financial situation: Once my 401K loan is paid, I can turn around and re-borrow upto 50% ($2250) to pay this back. Monthly net income: $ 2000 Monthly expenses: $ Housing: $ 740 Insurance: $ 140 Car expenses: $ 50 Utilities: $ 85 Phone, cable, internet: $ 155 Food, entertainment: $ 400 Clothing, household expenses $ 100 Credit cards and other loans: $ 125 Other expenses: $ 100 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 145469 | Payoff 401K loan for additional 401K loan | HR | $1,000 @ 25% | Jun 01, 2007 | Withdrawn |
| 391234 | Dental Appointment | HR | $1,000 @ 30% | Sep 01, 2008 | Loan created |
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