Get back on path
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Withdrawn |
| Grade: | D | DTI: | 22% |
| Lender Rate: | 17% | Borrower: | Unit107 |
| Finished | State: | IN | |
| Funded: | 0% | Group: | GROUP CLOSED |
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As a Computer & IT Professional of almost 18 years and an independent software consultant for the last 6 years, I was caught in the crunch of the market decline of this early millennium and, like many, watched my job opportunities diminish, while much of the work went overseas to cheaper labor. After an almost four year struggle to regain the financial stability I once enjoyed, I am at a point where I need a little boost to get past the final few financial issues that seem to remain just one step ahead of me. My goal is to pay off some outstanding credit balances, personal debt and back taxes. Prior to requesting this loan, my Debt to Income ratio was listed as 11%. By using the proceeds from this loan, all of that 11% will be folded into this current loan. The additional funds will pay off a couple small debts to family and friends, and the rest to settle back taxes, from when I was self employed. Once the proceeds from this loan are distributed, I will be approximately $500+ ahead each month, compared to the current servicing agreements I have with the aforementioned creditors. As for stability, I have taken a full-time position with a previous client over a year ago and make $100K per year + bonuses. I recently moved to be closer to our new office and was approved for a mortgage up to $400K. However, we could not find a home suitable for our family and decided to rent, and will probably build a home in the next 1 to 2 years. Thus the need to clear those final few issues from the credit report. I would be glad to answer any question you might have about my intentions with is loan, and any personal information about my credibility, as it pertains to this loan request. Mark |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 26441 | Consolidate Debt | D | $15,000 @ 20% | Jul 24, 2006 | Withdrawn |
| 27399 | Consolidate to improve family's future | D | $25,000 @ 20% | Jul 28, 2006 | Expired |
| 29171 | Consolidate to improve my family's future | D | $13,000 @ 20% | Aug 04, 2006 | Withdrawn |
| 30431 | Improving family's future | D | $9,500 @ 20% | Aug 10, 2006 | Withdrawn |
| 31349 | Paying off debt to improve credit | D | $7,500 @ 18% | Aug 14, 2006 | Loan created |
| 347610 | Moving to Texas | C | $4,000 @ 16% | Jun 09, 2008 | Expired |
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