Teacher Needs To Consolidate High Interest Debt
| Listing Information | |||
|---|---|---|---|
| Amount: | $9,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 23% |
| Lender Rate: | 15% | Borrower: | teachingthefuture |
| Finished | State: | OK | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-08-30 | EricsCC ROI: | 11% |
| Status History | |
|---|---|
| Aug 31, 2007 | Current |
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Purpose of loan: Loan request at the maximum interest rate allowed. The purpose of this loan is to consolidate high interest credit card debt that I incurred when my new home was constructed a year ago and it exceeded projected cost by $20,000. After a battle with the builder I had to pay these expenses on my own and at the time my only option was credit cards. Now the house is complete and we have enjoyed it for almost a year! I know that using the credit cards was a mistake, but at the time I felt it was all I could do. My financial situation: I believe that I am a good candidate for repaying this loan because of my recent credit and employment history. I have worked as an elementary teacher for the same district for 5 years and during that time I have not had any negative credit issues. The public record listed is for a bankruptcy that happened due to my divorce. It was discharged in 5/2002. Any negative marks on my credit report were included in the bankruptcy. I have worked hard to rebuild my credit since and I can guarantee that I will not do anything to compromise it. These high balances are really affecting my credit score. Also, I am currently half-way through the completion of a Master's Degree in School Admin. and I will be pursuing National Board Cert. this school year. I will certainly have potential to increase my income a substantial amount in a few short years. If you have any questions please ask. Monthly net income: $2241 salary & $1200/month child support (have received for 7 years and will continue another 8 years) I will also be receiving a slight raise in September~~I do not know the exact amount yet. $3441 Total Net Income Monthly expenses: $2408 Housing: $ 1415.00 (includes taxes & ins) Insurance: $ 48.00 (car) Car expenses: $ 140.00 (gas) Utilities: $ 200.00 Phone, cable, internet: $ 100.00 Food, entertainment: $ 300.00 Clothing, household expenses $ 50.00 Credit cards and other loans: $ 90 (cards not included in consolidation) Other expenses: $ 40.00 Cash Flow available after listed expenses: $1033 I will be consolidating the following bills into one easy to manage payment: Merrick Bank: $2700@24% First Premier: $1000@22% Orchard Bank: $1100@23% Retail Services: $1800@24% Direct Merchants: $1800@20% I would also like to use the additional few hundred dollars to purchase a trumpet for my daughter instead of continuing to rent one. Thank you for viewing my listing and thank you to all who previously bid~~I hope you will bid again! |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 173454 | Teacher Needs to Consolidate High Interest Debt! | C | $17,000 @ 19% | Jul 21, 2007 | Withdrawn |
| 176311 | RELIST! Teacher Needs to Consolidate Debt! | C | $8,700 @ 19% | Jul 25, 2007 | Expired |
| 180276 | RELIST! Teacher Needs to Consolidate Debt! | C | $8,700 @ 19% | Aug 01, 2007 | Expired |
| 183167 | 3rd Times A Charm?! Teacher Needs Consolidation! | C | $12,300 @ 19% | Aug 07, 2007 | Expired |
| 287629 | Teacher Needs Land for New House! | C | $6,800 @ 18% | Mar 03, 2008 | Expired |
| 345864 | Teacher Needs Down Payment! | C | $7,900 @ 22% | Jun 06, 2008 | Expired |
| 350265 | Teacher Needs Down Payment! | C | $7,900 @ 22% | Jun 13, 2008 | Expired |
| 355707 | Teacher Needs Down Payment! | C | $7,500 @ 22% | Jun 23, 2008 | Expired |
| 360043 | Teacher Needs Down Payment! | C | $7,250 @ 24% | Jun 30, 2008 | Expired |
| 363498 | Teacher Needs Down Payment! | C | $7,200 @ 24% | Jul 07, 2008 | Expired |
| 367204 | Teacher Needs Down Payment! Help! RELIST! | C | $7,100 @ 24% | Jul 14, 2008 | Expired |
| 374803 | Teacher Needs to Repay Family Loan! | C | $2,600 @ 16% | Jul 29, 2008 | Loan created |
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