Moving to good paying job
| Listing Information | |||
|---|---|---|---|
| Amount: | $2,551.00 | Status: | Loan created |
| Grade: | E | DTI: | 35% |
| Lender Rate: | 28% | Borrower: | rcamp04 |
| Finished | State: | CA | |
| Funded: | 100% | Group: | Environmental and Social networking |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-01-22 | EricsCC ROI: | 24% |
| Status History | |
|---|---|
| Jan 19, 2008 | Current |
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Purpose of loan: This loan is going to cover the deposit, moving expenses and first months rent. I am going to be relocating to the silicon valley area to take a higher paying job. I currently work for this company remotely with the occasional week visit. I have recently gotten a raise to $20 an hour and requested to work 32 hours a week. They have guaranteed me the hours and now I simply need to relocate to the area. As of right now I am about 3-4 hours away. The main reason I am making the move is because of the increase in pay. It will allow me to pay off my credit a lot faster (including this loan) and begin saving money. The second reason is that the schools there have much better programs in my field than where I am currently (Computer Science, general programming and web development). This move is mainly about professional development, getting more focused in life and paying off all credit. Note: I am estimating the need for $1,900. However, due to California interest cap a loan must be above $2,550 to set a higher interest rate. I will be making a payment imediatly of the extra $500-600 that I do not need. My financial situation: I am financially stable at the time. I have always paid all my bills on time and have no delinquents. My credit is very important to me and it is currently low due to the amount of credit I am using vs. have available (It appears they report quite slow as well). Unfortunately though, I do not have the money saved up for the move. I currently work as a Sales rep on the weekends representing HP in retail stores. This job is throughout California and I will be able to continue this job at my new location. As I mentioned before I will also be increasing my hours with the software company to generate my main income. Monthly net income: $ Main job with software company: (32 hrs/week @ $20) $2,560 Saturday job representing HP: ($150 week) $600 Note: I plan on continuing side/freelance work for clients, but I am not going to include that as the amount always varies. Reliable Monthly Income: $3,160.00 Monthly expenses: $ Housing: $ 1,050 Insurance: $ Paid by parents Car expenses: $ 0 - paid off and recently completed all maintenance Utilities, phone, cable, internet, etc: I am allotting $ 500 Credit cards and other loans: $ 180 (minimum payments) Monthly Total $1,730 This will leave me with approximatly $1,400+ a month to put directly towards my credit card & loan. Please let me know if you have any questions and thank you for taking the time to review my listing. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 155008 | Pay off bills, Keep credit clean | D | $2,000 @ 18% | Jun 19, 2007 | Withdrawn |
| 158017 | Pay off bills, Keep credit clean | D | $2,551 @ 20% | Jun 25, 2007 | Loan created |
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