Gettin' rid of bad credit cards, bad luck & bad people!
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 20% |
| Lender Rate: | 18% | Borrower: | imbize |
| Finished | State: | CA | |
| Funded: | 100% | Group: | Personal Financial Advisors |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-08-07 | EricsCC ROI: | 14% |
| Status History | |
|---|---|
| Aug 04, 2007 | Current |
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Purpose of loan: I need to get back on my feet after a divorce, some unexpected medical bills and an unscrupulous employer who stuck me for well over six figures of unpaid commissions. (YES, THAT IS TRUE-OVER SIX FIGURES!!) I am going to pay off some higher interest credit cards and my past due debts. I am at a critical point with my career, all of the seeds I have planted are about to blossom and pay benefits! However, I need this buffer to bolster me through. I suppose you could view me as a "Start Up" venture in need of a cash infusion until it can collect on it's receivables! My financial situation: I have just started a new job about 4.5 months ago, with a very reputable company. In sales, you need time to cultivate new accounts and I am doing so, very effectively. I have traditionally earned a minimum of 6 figures, but due to the aforementioned setbacks, here I am, starting over! The chain of events that I have endured has put me behind on some of my financial obligations (hence the delinquencies). It has seriously exhausted my cash reserves. I feel strong about my new job. The management and the support teams are great! I have opened some tremendous new accounts, several of these accounts are leaders in the Pharmaceutical & Biotech industries. Now it is just a matter of the orders to process and for my company to be paid. Once that process is complete, I will start getting paid the commissions on those sales. I am really upbeat about my future financial landscape! Monthly net income: $ 7,200 (without commissions or reimbursed business expenses) Monthly expenses: $ Housing: $ 850.00 (Rent for my apartment) Insurance: $ 760.00 (Health Ins.) Car expenses: $ 1,320.00 (includes insurance) Utilities: $ incl. Phone, cable, internet: $ 240.00 Food, entertainment: $ 600.00 Clothing, household expenses $ n/a Credit cards and other loans: $ 540.00 Other expenses: $ 2,200 Child Support (This is my mortgage payment in lieu of child support; Ex-wife is paying until commissions come through. This money will come out of my equity in the home we own, when the house is sold in two years.) Monthly expense total: $6,510 Monthly disposable income: $690 (earned commissions will only bolster this figure in the near future) |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 155871 | Over the Hump | D | $25,000 @ 19% | Jun 21, 2007 | Withdrawn |
| 158866 | Over the Hump | D | $10,000 @ 23% | Jun 26, 2007 | Expired |
| 160900 | Over the Hump | D | $10,000 @ 25% | Jun 30, 2007 | Withdrawn |
| 164594 | Gettin' rid of bad credit cards, bad luck & bad people! | D | $13,500 @ 25% | Jul 10, 2007 | Expired |
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