Tuition for sons' education
| Listing Information | |||
|---|---|---|---|
| Amount: | $6,500.00 | Status: | Loan created |
| Grade: | B | DTI: | 12% |
| Lender Rate: | 17% | Borrower: | verdant |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-01-23 | EricsCC ROI: | 14% |
| Status History | |
|---|---|
| Jan 23, 2008 | Current |
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Purpose of loan: This loan will be used to pay tuition for my two sons. After trying several schools, we have found one where they are both well-connected. The tuition is very high, and the school does not offer financing. Our credit union only considers an educational loan for college tuition, not K-12 private school tuition. This has been a long process to find the right school, and I am seeking this loan so they can grow roots and connect. My financial situation: I am the Director of Business Operations for a mid-size corporation that has been locally owned and operated for 29 years. I have been employed by this company since 1995. As an executive team, we are very tight-knit, and likelihood of continued employment is great. Last month I accidentally paid my larger loan twice online. Once I realized what I had done, I deposited a check by ATM, but my bank has a policy of holding everything except $300 for 3 business days. During those 3 business days, 2 other auto-pay loans tried to go through but could not - that is the reason for the 2 late pays listed on my profile. Monthly net income: $7,000.00 ($69,037.54 annual salary + $3,250 quarterly bonus + $260-$300 monthly income from personal projects) Monthly expenses: $4,365.00 Housing: $2,000.00 (includes insurance) Insurance: $ included in house payment Car expenses: $200.00 Utilities: $270.00 (gas, electric, garbage) Phone, cable, internet: $65.00 (phone/internet - no cable subscription) Food, entertainment: $600.00 (groceries + eating out) Clothing, household expenses $150.00 Credit cards and other loans: $780.00 Other expenses: $300.00 |
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