Debt Consolidation Before Parenthood
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 44% |
| Lender Rate: | 10% | Borrower: | ash5 |
| Finished | State: | WA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-10-02 | EricsCC ROI: | 8% |
| Status History | |
|---|---|
| Oct 03, 2007 | Current |
|
Purpose of loan: (explain what you will be using this loan for) Hello and thank you for viewing our listing. We are a young married couple of seven years hoping to start a family in the next year. We are seeking to consolidate our high interest credit card debt before moving forward with parenthood. We have always been responsible and timely in paying all of our bills, however when applying for a low interest rate consolidation loan through our local bank, we have been unsuccessful because we have too many revolving accounts open. My financial situation: (explain why you are a good candidate for paying back this loan) We both hold very secure jobs?my husband has been in law enforcement for over 14 years as a SWAT team member and I have been employed with the city?s Hearing Examiner for the last 2 years. Our present course of action has been to target one credit card at a time by making large payments on it until it gets paid off, then applying the same method to the next one. Additionally, from the start of this year, we have gone back to using cash only and have been adhering to a monthly budget which is reviewed at the end of every month. Our budget helps us see where our money is being spent, but most importantly, it prepares us for every upcoming expense. Maintaining a monthly budget has resulted in timely payments over and over again and has been critical in providing us with a constant awareness of where we are financially. We are convinced that a low interest rate loan would speed up the process of eliminating our credit card debt, allowing us to be better prepared for the next phase in our family?s future. Thank you for your consideration. Monthly combined net income: $ 8000. Monthly expenses: Housing: $ 2400 Insurance: $ 150 Car expenses: $ 0 Utilities: $ 200 Phone, cable, internet: $ 241 Food, entertainment: $ 500 Clothing, household expenses $ 200 Credit cards and other loans: $ 1500 (only credit cards, no other type of loans, no car payment, etc.) Subject to decrease with successful funding of consolidation loan! Other expenses: $ 1100 (rental property mortgage) |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 314991 | Rental Property Renovation | AA | $12,000 @ 14% | Apr 24, 2008 | Withdrawn |
| 317622 | Rental Property Renovation | AA | $12,000 @ 13% | Apr 24, 2008 | Expired |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|