A Helicopter Pilot finishing training and debt consolidation
| Listing Information | |||
|---|---|---|---|
| Amount: | $24,500.00 | Status: | Loan created |
| Grade: | A | DTI: | 27% |
| Lender Rate: | 18% | Borrower: | need2fly |
| Finished | State: | UT | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 4+ months late | Origination Date: | 2007-11-29 | EricsCC ROI: | -64% |
| Status History | |
|---|---|
| Nov 29, 2007 | Current |
| Jun 13, 2008 | Late |
| Jun 30, 2008 | 1 month late |
| Jul 30, 2008 | 2 months late |
| Aug 30, 2008 | 3 months late |
| Sep 30, 2008 | 4+ months late |
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Purpose of loan: Commercial helicopter pilot instrument add-ons and hours. Consolidation loan. Will be providing medical services once certification have been obtained and approved for servicing s utah region. Will be partnering with another 3500 hr pilot to acquire helicopter business that also provides fire fighting services. These services are very important! The country lacks licensed helicopter pilots. Too many fires and not enough qualified professional that can help solve the problem before it gets out of hand. Helicopter pilot training is very rigourous and costly. Pilots are in huge demand. This loan will be going to help provide valuable training and future resources for our communities. My financial situation: (explain why you are a good candidate for paying back this loan) Excellent credit and have never missed a payment. Have a 4 year degree in business admin. Software and It programmer. Seasoned government contractor. Have private and commercial helicopter pilot licenses. Corporate pilots average 120k. Need to complete training which is 95% complete. Expenses: Will be using loan to retire 20k in outstanding debt. DTI should only be 11% after loan. The rest of the proceeds will be used to complete instrument add-ons. Already invested over 100k in specialized training. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 216983 | Excellent Credit heliopter instrument and fixed wing addons | A | $25,000 @ 10% | Oct 16, 2007 | Expired |
| 219733 | CC and finish helicopter instrument and fixed wing addon | A | $25,000 @ 8% | Oct 22, 2007 | Expired |
| 221516 | CC and finish helicopter instrument and fixed wing addon | A | $25,000 @ 10% | Oct 25, 2007 | Expired |
| 231504 | Finish Helicopter Business training and debt consolidation | A | $25,000 @ 14% | Nov 13, 2007 | Expired |
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Discussion For This Listing
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