Pay Off High Interest loan
| Listing Information | |||
|---|---|---|---|
| Amount: | $13,750.00 | Status: | Loan created |
| Grade: | A | DTI: | 44% |
| Lender Rate: | 15% | Borrower: | JeffreyB |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 3 months late | Origination Date: | 2007-12-27 | EricsCC ROI: | -48% |
| Status History | |
|---|---|
| Dec 27, 2007 | Current |
| Sep 11, 2008 | Late |
| Sep 28, 2008 | 1 month late |
| Oct 28, 2008 | 2 months late |
| Oct 30, 2008 | 1 month late |
| Oct 31, 2008 | 2 months late |
| Nov 28, 2008 | 3 months late |
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Purpose of loan: This loan will be used to? Hello. I am a comedian with a national following, and recently created an advertiser supported original content comedy website/comedy destination (TheOuterNet.com) and in an effort to get it ready for a January launch, my wife and I took out a personal loan that was quick, easy, and already approved. Unfortunately, the interest rate is @28%. The vast majority of my credit obligations are between 6% - 13%. But the site is built and the January launch is set and will have quality original videos. Re-payment is not dependent on the success of the comedy site. I am looking to borrow $13,,750 to pay off my highest interest debt. My credit report will show that I pay all my obligations in full and on time. I am also a homeowner and have lived in my present home @ 16years. Aside from my income, which is the only one calculated, my wife makes @ $55,000/yr. My debt to income ratio can be misleading, in that as a comedian, some years I work a lot touring, or as a writer/performer on television, or author, and then take time off to create. So some years I make well into six figures and other years, by choice, I earn less. Also, It should be noted that on my credit report I co-signed for my son?s car. He makes the payments ($659/mo) and it is not part of my monthly obligations, however I assume it affects my DTI ratio. Also, my wife's income is not included in the DTI. My financial situation: I am a good candidate for this loan because? I pay all my bills on time and have been doing so while earning a living at my profession for thirty years. And once again, re-payment is not dependent on the success of my new comedy website. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 246551 | Pay Off High Interest loan & cards | A | $25,000 @ 16% | Dec 07, 2007 | Expired |
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