Debt consolidation of high interest loan
| Listing Information | |||
|---|---|---|---|
| Amount: | $16,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 36% |
| Lender Rate: | 13% | Borrower: | JayLep |
| Finished | State: | WI | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-10-09 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Oct 05, 2007 | Current |
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Purpose of loan: We are in need of a way out of a high interest loan that we are currently paying almost 23% interest equaling about $300.00 a month in interest alone. My financial situation: I work for a successful food company where I have a current oppotunity for management advancement and increased wages and my wife is currently attending nursing school to obtain a BSN with expected graduation in 2 years. Because of my wifes current full-time student status we are in need of a solution to our monthly payments to loans and creditors to stay afloat until she graduates and can get a full time nursing job. Monthly net income: $ 2800.00 Monthly expenses: $ Housing: $ 820.00 Insurance: $ 300.00 Car expenses: $ 350.00 Utilities: $ 111.00 Phone, cable, internet: $ 210.00 Food, entertainment: $ 200.00 Clothing, household expenses $ 100.00 Credit cards and other loans: $ 550.00 Other expenses: $ 0 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 403672 | Paying Some Medical expenses | A | $2,500 @ 9% | Sep 24, 2008 | Loan created |
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