Consolidating Engagement Debt for a solid Business Start
| Listing Information | |||
|---|---|---|---|
| Amount: | $9,700.00 | Status: | Loan created |
| Grade: | D | DTI: | 34% |
| Lender Rate: | 22% | Borrower: | Deckdout2 |
| Finished | State: | NC | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-12-21 | EricsCC ROI: | 19% |
| Status History | |
|---|---|
| Dec 21, 2007 | Current |
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Purpose of loan: I was previously engaged last year (2006), and 3 months before the wedding, the engagement ended because it was one of those things that just didn't work out. Unfortunately, being that close to the date of the wedding I had put a bit of money into it already. Most of it, we were suppose to be paying for ourselves. She left with the ring, and I got stuck with high credit card debt (maxed if not close to it). I pay all my bills on time and this loan would be very easy for me payoff soon. I need to consolidate all this debt that is left over so that I can have a set schedule to pay every month. I will pay the debt off prior to the end of the loan in order to start up my new business, and raise my score back up by eliminating my close to the limit balances. I have $9,700 left in debt from this unfortunate event. This is purely a debt elimination loan, so I can open up my Audio Business and have a solid fresh start. My financial situation: I make a good income, and over $500.00 a month goes towards this particular debt currently. With this loan my payments would surely be less, and I can still use the difference to pay down this loan faster, which I have every intention on paying it off before 3 years. With my car being sold soon, would give me an extra $411.00 in my income to payoff this loan as well. I would just like to get away from this and the memories it left as soon as I can to allow me to move further with my ventures. Monthly net income:$2400.00 Monthly expenses: $ 2096.00 Housing: $ 425.00 Insurance: $ 0.00 Car expenses: $ 411.00 (Soon to be sold) Utilities: $ 100.00 Phone, cable, internet: $ 100.00 Food, entertainment: $ 200.00 Clothing, household expenses $ 0.00 Credit cards and other loans: $ 360.00 Other expenses: $ 0.00 |
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