Pay Junk Debt
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 40% |
| Lender Rate: | 14% | Borrower: | Driller |
| Finished | State: | AK | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-10-19 | EricsCC ROI: | 13% |
| Status History | |
|---|---|
| Oct 19, 2007 | Current |
| Jan 12, 2008 | Payoff in progress |
| Jan 17, 2008 | Paid |
|
Purpose of loan: Pay off high interest credit cards! This loan will replace the most damaging of our "Revolving Credit Card Debt". My financial situation: I'm married with three daughters. My oldest has graduated from college and out making her own way. My second daughter is a junior in college, and my third daughter is a senior in high school. She will also go to college! While growing up, two of my daughters were and still are, competing at a national level in Sports. This has cost Daddy lots of money! My payment history has been excellent. I have not been late on any payments for many years. I have been in the Drilling business for the last twenty eight years. I also have just changed positions, for higher compensation. My wife works part time to help pay the College. We also own and operate a cash flow vending business. We are in the ADE program with IYD and run Mvelopes every month without fail. Our date to be free of Junk Debt is on or before 10/30/2011. Monthly net income: $10600.00 Monthly expenses: $ Housing: $ 2440.00 Insurance: $ 312.00 Car expenses: $ 875.00 Utilities: $ 355.00 Phone, cable, internet: $ 379.00 Food, entertainment: $ 900.00 Clothing, household expenses $ 1600.00 Credit cards and other loans: $ 1672.00 Other expenses: $ 750 |
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