nomoredebt
| Listing Information | |||
|---|---|---|---|
| Amount: | $12,500.00 | Status: | Loan created |
| Grade: | B | DTI: | 75% |
| Lender Rate: | 21% | Borrower: | nomoredebts |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-12-04 | EricsCC ROI: | 18% |
| Status History | |
|---|---|
| Dec 04, 2007 | Current |
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Purpose of loan: I will use the money to pay off some credit cards and lower the amount on others. In the past I made some bad decisions in the use of credit cards, which will definitely not be repeated. I am planning on paying off all credit cards. One credit card is high because I charged $9,000.00 to pay for intensive training on building and operating an internet/website business, including software and advertising. By paying off some credit cards and lowering the amount due on others, I will have funds available to expand one website from 150 products to over 2,000 in time to catch the holiday season, which will increase my monthly income. I also am working on ebooks/information products with combo DVD on another website. I am excited about my business venture and I know it will be successful. However, at this time I need your financial help to get out from under credit card debt and have funds available for additional advertising for my internet business. My financial situation: I have had credit since 1969 and have always paid my debts. I have not been delinquent in over 7 years. I am a responsible and reliable person. I worked at my last position for 12 years in various areas, such as Human Resources Director, Office Administrator, Bookkeeper, to name just a few. I was laid off in July, which is why I decided to start my own business, with the opportunity to create unlimited income. I am fully committed to making my business successful and I have the knowledge to accomplish it. I am currently working part-time in order to concentrate on my business. If necessary, I will work full-time and run my internet business evenings and weekends until it carries itself. Therefore, whether through a full-time position and/or my internet business, I will be able to make the loan payments. There is no risk with this loan. The payments will be automatically taken out of my bank account each month. I intend to pay off the loan before the 3 year period. Monthly net income: $ 2,200.00 (will greatly increase during the holiday season and from thereon) Monthly expenses: $ 1,513.69 Housing: $ 580.44 Insurance: $ 59.25 Car expenses: $ 100.00 Utilities: $ 80.00 Phone, cable, internet: $ 55.00 (cable is included in my association fees - $189.00 Food, entertainment: $ 300.00 Clothing, household expenses $ 100.00 Credit cards and other loans: $ 14,000.00 (to be paid off with funding from loan) Other expenses: $ 50.00 (freshwater aquarium - my pets!) |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 220302 | nomoredebt | B | $20,000 @ 18% | Oct 23, 2007 | Expired |
| 222687 | nomoredebt | B | $15,000 @ 19% | Oct 29, 2007 | Expired |
| 226858 | nomoredebt | B | $14,500 @ 20% | Nov 06, 2007 | Expired |
| 230995 | nomoredebt | B | $14,500 @ 21% | Nov 13, 2007 | Expired |
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