Debt consolidation from start-up expenses for acting career.
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,500.00 | Status: | Loan created |
| Grade: | D | DTI: | 64% |
| Lender Rate: | 19% | Borrower: | Dreamz2Reality |
| Finished | State: | CA | |
| Funded: | 100% | Group: | Super Clean Credit |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-10-23 | EricsCC ROI: | 16% |
| Status History | |
|---|---|
| Oct 20, 2007 | Current |
| Aug 08, 2008 | Late |
| Aug 20, 2008 | Current |
|
Purpose of loan: Hello everyone! Thanks for stopping by! I am a very ambitious, self-motivated, and determined individual that has made the mistake of putting my initial acting expenses on my credit cards such as acting classes, dance classes, headshots, acting workshops, and make up school tuition. While attending a wealth seminar, I saw how frightening my interest rates are and how long it would take to pay my debt off! Now I'm working hard to reduce my spending and eliminate my debt. I have a long way to go, but I am committed to paying off all my debt as soon as possible. That is why I am here: I hope to consolidate some credit cards, so my interest rate is lower, and I can pay off my loans faster. My financial situation: My career in the entertainment industry is growing steadily, and I just signed with an agent, but my income from acting, modeling, and makeup are not enough to support me, so I work as a waitress as my "day" job. I've only worked at my current job for 4 months, but prior to my current job I've worked at another restaurant for several years. I moved out with my father to save expenses, and I also just started a second job as a banquet server so I can pay down my highest interest cards faster. My DTI is high because although I receive some income from acting gigs, which is contract work, and difficult to verify. Yes I do report all my acting income on my taxes! I hate being in debt, and I'm going to do whatever it takes to get rid of it. I've never been late on a payment, and expect to make early payments on this loan as I improve my situation. Card 1-$7733.59@32.24% (Will go down to 19.24% in Jan '08) Card 2-$6293.75@24.99% Card 3-$661.78@22.24% Card 4-$971.25@19.90% Loan -$3487.87@23.99% Monthly net income: $ 2000 Monthly expenses: $ 1600 Housing: $ 0 ( I live with my father) Insurance: $ 0 (none except for car) Car expenses: $350 Utilities: $ 0 (My father pays the utilities and I do the housework) Phone, cable, internet: $100 Food, entertainment: $150 Clothing, household expenses $ 100 Credit cards and other loans: $ 700 Other expenses: $ 200 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 194232 | Need help paying off high interest rate cards & loan | D | $19,400 @ 19% | Aug 28, 2007 | Expired |
| 200053 | Need help paying off high interest rate cards & loan | D | $19,400 @ 29% | Sep 14, 2007 | Expired |
| 207380 | Debt consolidation from start-up expenses for acting career. | D | $10,500 @ 29% | Sep 28, 2007 | Open |
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