eliminate payday loans cycle
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 37% |
| Lender Rate: | 22% | Borrower: | chicagonative |
| Finished | State: | OH | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-01-03 | EricsCC ROI: | 18% |
| Status History | |
|---|---|
| Jan 01, 2008 | Current |
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Purpose of loan: This loan will be used to get rid of payday loans and provide for property taxes - which are not escrowed. (Better to learn eventually, than never to learn that lesson at all.) Plan is to eliminate payday loan interest, use savings to lower high interest loan balances, improve credit score, and refinance mortgage to a lower fixed rate. Note: the proposed loan rate is 10 times better than payday loans - I have survived payday loans, but "surviving" is not PROSPERing! I am ready to PROSPER. My financial situation: I am a good candidate for this loan because? 1) never defaulted an any loan or obligation 2) assisted 2 children in college 3) do not consider bankruptcy an alternative 4) have had a part time job for 18 months 5) spouse had employment gap due to health issues 6) no delinquencies 7) over 20 years with the same employer 8) over 15 years in same residence 9) use tax refunds and employment bonus to offset unusual expenses Monthly net income: $ 4950 Monthly expenses: $ 4790 Housing: $ 1780 Insurance: $ 90 Car expenses: $ 70 Utilities: $ 320 Phone, cable, internet: $ 180 Food, entertainment: $ 800 Clothing, household expenses $ 50 Credit cards and other loans: $ 1400 Other expenses: $ (No room for the payday loan interest cycle.) |
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