Debt Free and School Bound
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,000.00 | Status: | Loan created |
| Grade: | HR | DTI: | 28% |
| Lender Rate: | 21% | Borrower: | durango1986 |
| Finished | State: | MN | |
| Funded: | 100% | Group: | Have Money - Will Bid |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-09-07 | EricsCC ROI: | 17% |
| Status History | |
|---|---|
| Sep 07, 2007 | Current |
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Purpose of loan: I plan on paying off my Payday loans that I took mistakenly, put most of my credit cards into one payment and get them all centralized for maximum pay off. Also, I had to do some orthodontical work and I would like to pay this off so I can get more work done on my jaw. They will not operate until this is paid off. Work situation: I currently work for a Forbes 500 company called St Jude Medical full time and just recently recieved a raise. I put in 40 hours a week, plus over time when it comes to me. I make $14.25 an hour and potentially have a chance for another raise in February. I see myself staying there for a long time to see where this company can take me. I have been there since October 2006 and plan to be here a lot longer. St Jude helps pay for college if it is in the medical field which is perfect for me. I will save money by getting help from St Jude for school tuition and also by having a full time job. It's a big work load, but I am more then willing to do it! My financial situation/ am I a good candidate: I am a good candidate for this because I made a lot of mistakes when I was younger and charged more then I could afford and took out pat day loans to help. I am setting up automatic payment so I can ensure the borrowers will get repaid back and that this loan will HELP my credit score, not hurt it. Credit: My credit is low because I am a younger adult with little credit history. I have 3 years so far with car loans and at least one credit card at a time. I was young, and let my credit cards get out of hand. I am now fully aware of the consequences of my action and am trying to eliminate my debt in its entirety. I pay my loans and cards on time and try so hard to establish credit, but I let one card get pretty high and hurt my score because of the limit being close to being reached. I have now cancelled all but 2 credit cards and am keeping those for emergencies and to build credit. Charging a little every month and paying off the complete balance EVERY month is how I will slowly rebuild my credit. Monthly expenses: $ $1240 Housing: $ 415 Insurance: $ 160 Car expenses: $ 160 Utilities: $ 15 Phone, cable, internet: $ 90 Food, entertainment: $ 100 Clothing, household expenses $ 50 Credit cards and other loans: $ 150 (school loans) Other expenses: $ 100 Prosper loan: $ 350-500 As you can see, my total monthly expenses is $1240, which leaves about $790-$640 to save up money and also to pay off this loan. With this loan, I will pay off the following high interest cards and pay day loans: Orchard Bank (19% interest): $300 First Premier21% interest): $100 Chase (13% interest): $900 Pay Day Loan(228% interest): $300 Dept. Store (24% interest): $ 475 Applied Card Bank (29% interest): $ 800 Orthodontist Bill(0 % interest, but I cannot have my jaw fixed until this bill is taken care of): $125 As you can see, this loan will help out and cost me a little more money in the long run, but it is better for me because of the "hassle" factor that plays into this. With this, I can it it hard and pay down this loan within 2 years I am hoping. This is my 3rd listing and I am hoping that the 3rd time is the charm. I want to work so hard to get my bills paid off and build up my credit so I may have a life where I am not worrying all of the time. Thank you and God Bless. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 140797 | Debt Consolidation and Improve Credit score | HR | $3,560 @ 15% | May 21, 2007 | Withdrawn |
| 142751 | Consolidate debt | HR | $9,000 @ 15% | May 25, 2007 | Expired |
| 158429 | Debt Free and School Bound | HR | $10,000 @ 21% | Jul 06, 2007 | Expired |
| 176108 | Debt Free and School Bound | HR | $5,000 @ 28% | Jul 25, 2007 | Expired |
| 181860 | Debt Free and School Bound | HR | $5,000 @ 28% | Aug 04, 2007 | Expired |
| 187678 | Debt Free and School Bound | HR | $3,500 @ 28% | Aug 15, 2007 | Expired |
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