Paying off old debts.
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 25% |
| Lender Rate: | 16% | Borrower: | KetoAcidDosis |
| Finished | State: | FL | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 3 months late | Origination Date: | 2007-10-30 | EricsCC ROI: | -42% |
| Status History | |
|---|---|
| Oct 30, 2007 | Current |
| Sep 14, 2008 | Late |
| Oct 01, 2008 | 1 month late |
| Oct 31, 2008 | 2 months late |
| Dec 01, 2008 | 3 months late |
|
Purpose of loan: Well I bought a car under my name and I'm paying a great monthly payment of $185 a month, but I also bought a house. To have enough money to pay for the house I opt out of paying for my car since I already have it paid till February of 2008. The problem is though that the insurance at my age is I would say abusive. I pay $360 a month after paying $550 down and its only for 6 months. My car is not a race car, I dont have any tickets, it has an alarm and my house has a garage. So what I want to do is pay-off the car so I can pay less on my insurance since I have full cover and like I said it's abusive the amount I have to pay, I'll never be able to pay-off my car. I also want a little extra money to pay off some credit cards and just start with a clean slate. My financial situation: I'm 22 years old, I work hard pay everything on time. I have been responsible since i was 19 since my step-dad passed away and I am now taking care of my mom and little brother. I have been able to pay for the house we bought, pay for the phone bills, pay everything. This loan will help me organize the payments more by paying off my car paying less on insurance and getting rid of what is called debt. Monthly net income: $ 3750 Monthly expenses: $ 3200 Housing: $ 1763 Insurance: $ 360 Car expenses: $ 185 *not paying till Feb. '08 Utilities: $ 180 Phone, cable, internet: $ 200 Food, entertainment: $ 70 Clothing, household expenses $ 70 Credit cards and other loans: $ 280 Other expenses: $ 150 |
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