Divarescue
| Listing Information | |||
|---|---|---|---|
| Amount: | $4,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 32% |
| Lender Rate: | 13% | Borrower: | Divarescue |
| Finished | State: | WA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 4+ months late | Origination Date: | 2007-08-30 | EricsCC ROI: | -46% |
| Status History | |
|---|---|
| Aug 31, 2007 | Current |
| Jan 15, 2008 | Late |
| Jan 31, 2008 | 1 month late |
| Feb 16, 2008 | Current |
| Feb 17, 2008 | Late |
| Mar 01, 2008 | 1 month late |
| Mar 31, 2008 | 2 months late |
| Apr 05, 2008 | 1 month late |
| May 01, 2008 | 2 months late |
| Jun 05, 2008 | 3 months late |
| Jul 09, 2008 | 4+ months late |
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Purpose of loan: My goal is to take this money to help a client who fell behind on a mortgage when his mother's health failed and she had to move in with him, his wife and foster children. I am taking on the responsiblity of the loan because I have the ability to personally pay it back and I have the credit to warrant worthiness of borrowing. My strategy is to hold back enough of the loan to make several payments for them in case they default while at the same time, bringing their mortgage current. They have enough equity in their home but credit scores too low to borrow against it. Before the mother's health failed, they had great credit. My financial situation: I have a steady client base in real estate and mortgages. Monthly net income: $ 10000 Monthly expenses: $ Housing: $ 3000 Insurance: $ 200 Car expenses: $ 1600 Utilities: $ 300 Phone, cable, internet: $ 149 Food, entertainment: $ 300 Clothing, household expenses $ Credit cards and other loans: $ 400 Other expenses: $ |
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