Please help Marine & his family get out of dept

| Listing Information | |||
|---|---|---|---|
| Amount: | $7,500.00 | Status: | Loan created |
| Grade: | AA | DTI: | 54% |
| Lender Rate: | 10% | Borrower: | tinkyt |
| Finished | State: | MO | |
| Funded: | 100% | Group: | FINANCE & INVESTMENTS |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-08-10 | EricsCC ROI: | 8% |
| Status History | |
|---|---|
| Aug 10, 2007 | Current |
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Purpose of loan: I want to get this loan, to help my Marine son and his young family get out from under their high interest dept. They have had a hard couple of years, and things are starting to look up for them. They both have great jobs now, and they have a 6 month old baby boy. I want to help their young family get a ?fresh? start. They have been living apart for over a year now, having to come up with the money for living in two different places can be hard. But my daughter in law has been doing a great job. She?s even managed to save a little money. But it?s not enough to pay off all the high interest bills they have. I would like to give them the money to do that. So when they get to live together again, in August sometime, they don?t have to stress and worry about how to pay everything off.So they can just enjoy each other and my son can enjoy his 6 month old that he?s never lived with. My financial situation: I am doing a great job of paying all my bills now. I have some money saved up as well, and I?m sure the kids won?t let me just give them the money. They will pay me back. I have about $6,000 equity in my house, and $2,000 in my car. Monthly net income: $ $ 2,000. and a little extra, between $ 300-500 each month Monthly expenses: $ Housing: $ 350 Insurance: $ 30 Car expenses: $ 400 Utilities: $ 75 Phone, cable, internet: $ 30 Food, entertainment: $ 100 Clothing, household expenses $ 100 Credit cards and other loans: $ 10 Other expenses: $ 0 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 163590 | Safe car for baby & wipe out dept | AA | $7,500 @ 10% | Jul 05, 2007 | Expired |
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