Consolidating high interest school loan debt.
| Listing Information | |||
|---|---|---|---|
| Amount: | $6,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 30% |
| Lender Rate: | 10% | Borrower: | Marx_ |
| Finished | State: | OR | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-09-05 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Sep 03, 2007 | Current |
| Apr 05, 2008 | Payoff in progress |
| Apr 10, 2008 | Paid |
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The purpose of this loan is to consolidate high interest school loan debt. I will be using this loan to pay off two spearate debts I incurred for graduate schools. My financial situation is sound, I am simply looking for a loan will lower my over all interest payments. I current work for a public university and am a senior staff member is my office. I am a great candidate for paying back this loan because I have sound payment history on previous lines of credit and loans. Additionally, my wife recently starting working part-time and the extra income will go toward covering the payments on this loan. My wife and I follow a monthly budget and allocate our income according to our budget. We budget $100 a month for our contingency fund which currently has a balance of $4500 in a 6.01% interest earning account. We also have over $6400 in our IRA accounts that can be access if needed. If you have any questions or need additionally information, please do not hesitate contact me with your concerns. Thank you in advance. Monthly net income: $2000 Monthly expenses: $ 1756 Housing: $450 Insurance: $100 (Paid in full twice a year totally $700 annually.) Car expenses: $360 (Gas plus car loan payment paid every month.) Utilities: $30 Phone, cable, internet: $76 Food, entertainment: $250 Clothing, household expenses $0 (Factored in with food expendures.) Credit cards and other loans: $260 Other expenses: $230 |
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