Rebuilding credit
| Listing Information | |||
|---|---|---|---|
| Amount: | $2,000.00 | Status: | Loan created |
| Grade: | E | DTI: | 7% |
| Lender Rate: | 18% | Borrower: | ShawnWilliamson |
| Finished | State: | UT | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-07-17 | EricsCC ROI: | 14% |
| Status History | |
|---|---|
| Jul 19, 2007 | Current |
|
Purpose of loan: I want a loan to rebuild my credit. I just finished a Chapter 13 bankruptcy that I have paid on faithfully for 3 years. It was discharged in March. Only 20% of Chapter 13 filers actually finish their plan, so I think that says something about me. It was a 100% replayment plan. The $2,000 will sit in my secondary bank account and be used to make the monthly payments on this loan. I want to show at least 2 years of good payments so I can hopefully buy another house. My financial situation: I work for Salt Lake County as a probation officer. I have a steady reliable job. I have been a probation officer for 10 years this October. My wife has a good job with the University of Utah for about 3 years now. We are both in a good position. I will be a good risk because I have no debts. The bankruptcy paid them all off. I don't know why my credit shows 4% DTI, I just looked at my Equifax credit file a month ago and I see no reason for the DTI. It must be something I don't understand. Monthly net income: $2,460 for me, ($1800 for my wife, for a total of $4,260 Monthly expenses: $ Housing: $650 Insurance: $155 Car expenses: $200 Utilities: $125 Phone, cable, internet: $220 (home phone, 2 cells and internet) Food, entertainment: $300 Clothing, household expenses $200 Credit cards and other loans: $200 Other expenses: $90 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 303561 | Buying a home | D | $4,500 @ 29% | Apr 02, 2008 | Expired |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|