"Expanding personal business / loan consolidation"
| Listing Information | |||
|---|---|---|---|
| Amount: | $6,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 20% |
| Lender Rate: | 14% | Borrower: | hudzilla01 |
| Finished | State: | TX | |
| Funded: | 100% | Group: | No Bull Investors - We Invest In Good Borrowers |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-08-28 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Aug 28, 2007 | Current |
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Purpose of loan: I have a part time painting/contractor business that I started up 1 1/2 years ago and would like to expand it by buying new equipment. What I'm doing now is what they call "Make Ready" on empty apartments in retirement facilities. I would like to buy a paint sprayer and other equipment so that I can be able to do exterior work. My goal is in 3 - 5 years retire from my full time job and have my own personal business. I will use part of the loan to payoff four bills that have high interest rates. The four consolidations: Conns @ 23% - $1650 Bill Me Later @ 29% - $625 Rooms To Go @ 23% - $450 Visa @ 19% - $535 My financial situation: I been with the same company for the last 29 years. The part time job is very stable in the retirement housing sector. The reason for the lower credit score is that we had some financial difficulties several years ago due to parent health problems. Monthly net income: $ 5000 Monthly expenses: $ 3751 Mortgage: $ 1145 Insurance: $ 175 Car payment 1: $ 485 Car payment 2: $309 (only three payments left) Utilities: $ 450 Conn's: $107 (will pay off with this loan) Visa: $125 (will payoff with this loan) Bill Me Later: $40 (will pay off with this loan) Rooms To Go: $50 (will pay off with this loan) Groceries: $ 525 Gas: $ 300 Free cash flow after bills $1249 / $1571 after consolidation. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 159892 | "Father of my grandson left daughter with bills." | C | $6,500 @ 17% | Jun 28, 2007 | Expired |
| 396807 | "Medical Bills Consolidation" | B | $7,000 @ 16% | Sep 11, 2008 | Expired |
| 402225 | "Medical Bills Consolidation" | B | $5,700 @ 17% | Sep 22, 2008 | Expired |
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