Purchase a commuting vehicle

| Listing Information | |||
|---|---|---|---|
| Amount: | $3,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 6% |
| Lender Rate: | 7% | Borrower: | thutch15 |
| Finished | State: | MO | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-11-14 | EricsCC ROI: | 7% |
| Status History | |
|---|---|
| Nov 14, 2007 | Current |
| Mar 01, 2008 | Payoff in progress |
| Mar 04, 2008 | Paid |
|
Purpose of loan: I am applying for this so that I can purchase a vehicle to drive back and forth to work. I live 35 miles from my work and drive a Jeep Grand Cherokee getting 19 mpg. This car gets 35 mpg so it will save me between $100 and $150 per month. My financial situation: I would say all of my credit profile sums this up pretty well: ?AA? rating, no late payments, and low DTI. My wife also makes a good income. Monthly net income: $ 2,700 (This does not include my wife's income) Monthly expenses: $ 2,331 Housing: $ 640 Insurance: $ 101 Car expenses: $ 500 Utilities: $ 240 Phone, cable, internet: $ 50 Food, entertainment: $ 400 Clothing, household expenses $ 150 Credit cards and other loans: $ 0 Other expenses: $ 50 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 208110 | Purchase a commuting vehicle | AA | $6,000 @ 8% | Oct 11, 2007 | Withdrawn |
| 338648 | New basement / 3 car attached garage | AA | $12,000 @ 8% | Aug 26, 2008 | Loan created |
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