Graduate Student Looking To Start Building A Foundation
| Listing Information | |||
|---|---|---|---|
| Amount: | $6,000.00 | Status: | Loan created |
| Grade: | E | DTI: | 44% |
| Lender Rate: | 17% | Borrower: | solarmist |
| Finished | State: | CO | |
| Funded: | 100% | Group: | New Day Rising Loans |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-06-14 | EricsCC ROI: | 16% |
| Status History | |
|---|---|
| Jun 15, 2007 | Current |
| Mar 31, 2008 | Payoff in progress |
| Apr 04, 2008 | Paid |
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A little background on myself: When I was an undergraduate, I fell into the trap a lot of students on their own for the first time fall into; credit card debt. Once I realized my mistake it was too late and I was forced to pause my schooling and join the Army. That would be the end of the story, but while I was in the Army I was very dedicated and most of my spare income when into keeping my head above water and continuing my education, as a result when I got out I had finished my bachelor?s degree and had the majority of my credit card debt still waiting for me. I have taken good care of my credit record and always pay my bills on time, but I just have not been able to get out from under them and have a high debt to income ratio. So, I?m asking for a consolidation loan to clear out and cancel my high interest rate cards, two at over 25% and one at 24% with a loan. As loans are designed to be paid off in X amount of time, even if I can?t get ahead on my loan at least I know I won?t be paying for my mistakes forever. Finally, I am a graduate student in Mathematics, and a veteran, so I have guaranteed income in the for the Montgomery GI Bill (~$2000/mon) and work (~$700/mon) for at least the next three years as my goal is to complete my Ph.D (5+ years). Monthly net income: $ 2,764.93 Monthly expenses: $ 2056 Housing: $ 465 Insurance: $ 66 (Auto) Car expenses: $ 365 (My auto loan payment) Utilities: $ 40 Phone, cable, Internet: $ 120 Food, entertainment: $ 400 Clothing, household expenses $ 100 Credit cards and other loans: $ 500 (this loan will cut this amount by more than half) Other expenses: $ none |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 146088 | Credit consolidate loan, to get rid of my credit cards | E | $6,000 @ 19% | Jun 03, 2007 | Withdrawn |
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