Improving Credit
| Listing Information | |||
|---|---|---|---|
| Amount: | $1,200.00 | Status: | Loan created |
| Grade: | D | DTI: | 22% |
| Lender Rate: | 17% | Borrower: | xemiterx |
| Finished | State: | OR | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-01-29 | EricsCC ROI: | 14% |
| Status History | |
|---|---|
| Jan 30, 2008 | Current |
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I received just one bid on my first listing so I am trying again. I have set a higher interest rate this time and listed for only 3 days. There may have been concerns that I would pay off this loan immediately, but I offer assurance that this is not the case. I intend to make consistent on-time payments with this loan for 2 years after which time I will pay off the remaining balance. Purpose of loan: The primary purpose of this loan is to help improve my credit by having another account on my report with a perfect repayment history. I will use the funds to pay off the balance on my credit card and purchase a birthday gift for my girl. My financial situation: My credit went downhill after I was laid off in 2001. It took a while, but I was able to turn things around and pay off over $10,000 in debt. My current monthly income from my part time job (that I have had for nearly 5 years) is low, but I make additional (and consistent) advertising income from a network of websites. I live with my girlfriend who has been employed full time since I met her (3+ years ago) and we split all the expenses. I am deeply committed to raising my credit score so I will not make any late payments. Monthly net income: $1000 Monthly expenses: Housing: $300 Insurance: $50 Utilities: $60 Phone, cable, internet: $40 Credit cards and other loans: $130 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 265546 | Improving Credit | D | $1,000 @ 20% | Jan 14, 2008 | Expired |
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