Help me Survive Student Teaching - HR Explained!
| Listing Information | |||
|---|---|---|---|
| Amount: | $1,200.00 | Status: | Loan created |
| Grade: | HR | DTI: | 51% |
| Lender Rate: | 18% | Borrower: | CollegeCyclist85 |
| Finished | State: | CO | |
| Funded: | 100% | Group: | SA Goons |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-02-07 | EricsCC ROI: | 15% |
| Status History | |
|---|---|
| Feb 07, 2008 | Current |
| Apr 23, 2008 | Late |
| May 08, 2008 | 1 month late |
| May 24, 2008 | Current |
| Aug 22, 2008 | Late |
| Sep 08, 2008 | 1 month late |
| Oct 08, 2008 | 2 months late |
| Oct 16, 2008 | 1 month late |
| Oct 17, 2008 | 2 months late |
| Nov 08, 2008 | 3 months late |
| Nov 14, 2008 | Current |
|
HR Explained: I can only report my weekend telemarketing job because I get paid in cash for my summer job. This makes my DTI look huge, but really it isn't that bad at all. In fact, I should be debt-free after this summer. I just need to get to that point. About 1,000 of my reported debt is from a student loan in my name that my parents took out (and are going to pay off when I graduate - I guess it was almost no interest so they figured they would take it off as they could invest it or even put it in a savings acct and MAKE money off of it while easing their burden and establishing a credit history for me). I did mess up my freshman year and use some credit cards unwisely. I have stopped using them though and cut them all up a couple years ago. I'm just working to pay them off right now. Purpose of loan: This loan will be used to help me get through the student teaching experience without missing bills, pawning everything I own, being stressed to the breaking point, etc. From now until May I am working full time as a student teacher... The problem? I don't get paid a dime (in fact my parents are paying tuition for this). I just need to be able to get by until I can work again in May. I have no time to be able to have a job other than a small weekend job. My financial situation: I am a good candidate for this loan because as soon as May comes around I will be making more money, and starting next August I will be employed in my profession as a teacher. Monthly net income: $500 until May, $1600 from May-August, $2500 when I start teaching in May. Monthly expenses: My parents pay for my rent and tuition. I don't want to further burden them and I want to take responsibility and pay for my own debt, utilities, food, etc. I would rather go farther into debt than further burden them. They are well off and would give anything to help me, but I have never asked for anything and I know they are stretched increasingly thin. I have about $200 in min. CC payments, my first Prosper loan, and the payment for this one (assuming I get the highest interest rate possible). I also pay about $150 in utilities and cable, etc. The rest will go towards food and gas and I have to drive quite a ways to get to my student teaching so there isn't a whole lot left. I'm skipping lunch everyday and eating Ramen for dinner. This loan would allow me to be a bit healthier and less stressed and let me focus on learning to be an excellent teacher. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 43145 | Help me pay off my credit card debt | HR | $1,000 @ 18% | Sep 29, 2006 | Cancelled |
| 48896 | Pay off high interest credit card debt | HR | $1,025 @ 16% | Oct 16, 2006 | Loan created |
| 254305 | Paying off my Credit Cards | HR | $4,500 @ 19% | Dec 21, 2007 | Expired |
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