Repair My Credit Score/Consolidate Debt
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,001.00 | Status: | Loan created |
| Grade: | D | DTI: | 19% |
| Lender Rate: | 24% | Borrower: | toshmarie |
| Finished | State: | AZ | |
| Funded: | 100% | Group: | Cashfunders For Individuals |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-12-14 | EricsCC ROI: | 21% |
| Status History | |
|---|---|
| Dec 14, 2007 | Current |
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My last listing was funded, but got canceled due to the fact I had just moved and they didn't have time to verify my address. I am hoping I will be lucky enough to have this request funded again. Thanks! Purpose of loan: To pay off debt and cut current amounts due in half My financial situation: I went through a divorce about a year ago and he left me with our $300K home that we had just purchased. In order to avoid it going into foreclosure I had to sacrifice making some CC payments to pay the mortgage. A deed in lieu was approved and I began to try and clean up my credit. Most of my accounts are now in collections. I have been paying them on time for the past 7 months and have been told that if I can come up with "lump sums" of money the collection agencies are willing to negotiate and drop a minimum of $1K off each of my debts. This can save me over $5K. As much as I don't want to pay 28% on a loan it is better than the average of 29% I am paying on debt now. I work for a large company called Accenture as a Contract Manager. In addition, I work part time as a consultant doing Contract Management. I also spent 6 years as an Air Force Officer. I am very ambitious and I am determined to get myself out of debt. I have a great job making a good amount of money so I can easily afford to pay back this loan every month. Monthly net income:$ 4600.00 Monthly expenses: $ 4000 Housing: $ 1300 Insurance: $ 100 Car expenses: $330 Utilities: $ 170 Food, entertainment, Misc: $ 1000 Credit cards and other loans: $500 (see breakout below) Remaining Funds each month:$1200 Here is a breakdown of all of my debt and the highlighted lines are what this loan will pay off: Aqua Finance: $3000 (current monthly payment is $70; in collection and will drop to $1500) Citibank School Loan: $3224 (current monthly payment is $100) University of Phoenix School Loan: $1737 (mo pay $25; in collections and they will drop to $1K) Wells Fargo--car-- $2900 ($330, as stated above) Wells Fargo--furniture--$5324 (mo pay $205; they will drop to $2900) Capital One CC: $2436 (mo pay $50; they will drop to $1500) USAA CC: $3200 (mo pay $50) |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 156672 | Need to Consolidate Debt to Repair Credit Score | C | $25,000 @ 23% | Jun 22, 2007 | Withdrawn |
| 162183 | Need to Consolidate Debt to Repair Credit Score | C | $25,000 @ 26% | Jul 04, 2007 | Expired |
| 223259 | Need to Consolidate Debt to Repair Credit Score | D | $20,000 @ 23% | Oct 30, 2007 | Withdrawn |
| 227217 | Good Person Looking for Help to Get Back On Her Feet | D | $5,000 @ 23% | Nov 06, 2007 | Withdrawn |
| 230221 | Repair My Credit Score/Consolidate Debt | D | $10,001 @ 28% | Nov 11, 2007 | Cancelled |
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