Disabled Mom would like pay for daughter's wedding
| Listing Information | |||
|---|---|---|---|
| Amount: | $4,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 10% |
| Lender Rate: | 18% | Borrower: | Lorli27 |
| Finished | State: | CA | |
| Funded: | 100% | Group: | Small Business & Self Employed |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-09-17 | EricsCC ROI: | 14% |
| Status History | |
|---|---|
| Sep 14, 2007 | Current |
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Purpose of loan:
To assist with my daughter's wedding as the mother of the bride. I became disabled back in 2000 because of a massive stroke. I have recovered somewhat but I am not able to assist her as I?d like because I am totally paralyzed in my left arm, and have semi-paralysis in my left leg (I can't run, jump, etc.) My daughter has never been married, and has no kids. I'm her sole parent (father is deceased) and she is my only child. She relocated from another state to take care of me, and has been my only full-time caretaker for nearly seven years. I feel since she's sacrificed her time and life for me, I'd like to assist with her wedding as mother of the bride. My financial situation: Prior to my disability I don't ever recall a time when I didn't work. I am formally a Director of a non-profit organization, and I am a woman of integrity. I have extreme work ethics, and believe in doing what is right. Taking out a loan and not repaying it in full is wrong, and that goes against my personal values, morals, and principles. I have had loans over the years, and have paid off several (although my credit history might not reflect all of them prior to this stroke in the last seven years.) Because of my condition, and medical needs, at times my credit report reflects payment challenges (late pays.) I can?t control the dates in which my income arrives, but when I get money I pay my debts immediately and until they are paid off completely. Making my payments is something I can control, unlike parts of my body (such as my arm/leg). I have not had any losses over the years (I have never lost my home to foreclosure, never had any vehicle repossessed, etc.) and all that I have borrowed over the years has been paid in full or is yet being paid. I have always been good about paying off my loans through payment plans, and I use the funds for the intended purpose when I do borrow. I don't live beyond my means, and I live a simple life. I don't overspend, or live extravagantly, but instead conservatively, and thoughtfully. At this time, I have a fixed, and steady income that will not change from a private pay insurance company, and in addition I receive SSI, ensuring repayment monthly of my loan. In addition, I receive rent that I take in on the home that I own, and I live in a smaller, less expensive place. I will soon have a roommate/caregiver in the next month or so to assist in the monthly expenses, and so now half for the majority of the living expenses will be reduced for my portion of the cost of living. My daughter also currently assists me with any financially obligations that I have monthly, and is a financial resource for my bills as she assumes full responsibility for any deficits that I have financially every month. Monthly net income: $ 3,298 My Monthly Expenses (Please consider the amounts shown ARE REDUCED BY HALF for the living expenses as they will be shared by my roommate): Rent Paid: Total cost is $1,100 My portion will be $770. This is the only portion that is not split in ?half? for the cost of living as explained previously, and per the rental agreement since the roommate is a part-time caregiver, rent is 30% for roommate. Mortgage: $1,360 Insurance: $ 0 Car expenses: $ 0 Utilities: $ 70 (MY HALF will be $35) Phone, cable, internet: $ 120 (MY HALF will be $60) Food: $ 250 (MY HALF will be $125) Entertainment: $ 120 Clothing, household expenses $ 180 Credit cards and other loans: $ 100 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 190812 | Disabled Mom helping to pay for my daughter's wedding | C | $11,000 @ 24% | Aug 21, 2007 | Withdrawn |
| 193504 | Disabled Mom would like pay for daughter's wedding | C | $8,000 @ 25% | Aug 27, 2007 | Withdrawn |
| 195145 | Disabled Mom would like pay for daughter's wedding | C | $8,000 @ 27% | Aug 30, 2007 | Expired |
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Discussion For This Listing
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