Expanding Debt Collection Business (Burgeon Financial LLC)
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 18% |
| Lender Rate: | 8% | Borrower: | burgeon_financial_llc |
| Finished | State: | SC | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-11-02 | EricsCC ROI: | 7% |
| Status History | |
|---|---|
| Nov 02, 2007 | Current |
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Purpose of loan: I am the majority parter of Burgeon Financial LLC. Burgeon is a small business that specializes in the purchase of delinquent accounts from major credit card companies. We work hand in hand with attorneys and collection agencies to recover delinquent balances owed on these accounts. Burgeon is made up of a knowledgeable team of debt-portfolio analysts and buyers that aide in the efficient execution of our business model. We at Burgeon Financial LLC are currently looking to expand our operation to include a larger portfolio which will in turn result in increased revenue. My financial situation: As it states in my profile, I am a Web Developer for one of the largest insurance service providers in the country--BlueCross BlueShield of South Carolina. I am also a graduate of the University of South Carolina (Gamecocks). Above all else, I am a serious business man. I have GREAT credit, a very low debt-to-income ratio, and a good salary. Furthermore, my company, Burgeon Financial LLC, is operated with the utmost integrity and professionalism. So rest assure that whatever terms are agreed upon between a lender and myself, will be carried out with the same professionalism. Monthly net income: $ 4800.00 Salary: $ 3900 Rental Income: $ 900 Monthly expenses: $ 2580.00 Housing: $ 700 2nd Home (Rental): $ 680 Insurance: $ 150 Car expenses: $ 590 Utilities: $ 100 Phone, cable, internet: $ 130 Food, entertainment: $ 180 Clothing, household expenses $ 50 Credit cards and other loans: $ 100 Other expenses: $ |
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