Debt consolidation
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 0% |
| Lender Rate: | 15% | Borrower: | raman4 |
| Finished | State: | CA | |
| Funded: | 100% | Group: | 1st and BEST for Loans |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-02-25 | EricsCC ROI: | 13% |
| Status History | |
|---|---|
| Feb 23, 2008 | Current |
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Purpose of loan: The purpose of this loan is to pay off my high credit card debt and having cash reserves for my family. My financial situation: The one main problem I have getting a loan anywhere is that I cannot prove my income. The reason I have a lot of inquires is because i been looking for loans and all have denied me because no proof of in-come. It is because I work for my family and I get cash not checks... I'm the IT Tech at my Family's Business. I never knew working for my family would end up hurting me getting a loan. I have gone everywhere to get a loan. My credit score is the only thing that can help me. It shows I'm never late for payments and pay all my bills. My wife also recently got a job at "On The Border". Which is helping me a lot paying off my credit card debt. I make about $1,500 monthly working for my family and my wife Katie makes $3,500 Monthly. Total Monthly Income- $5,000 Monthly Bills- Gym=$100 | Dish=$80 | DSL=$50 | Food=$600 | Truck=$300 | House=$0.00 | Utilities=$250 | Total = $1380 Left Over Money= $3620 I plan on paying off this loan asap. Within 1-2 years. The reason I'm even in debt is because my wife lost her job during the holidays and could not find one for 4 months. Which made me use my credit cards to help pay off the bills until she got a job. Now knowing she has a job, I want to be debt free and having extra cash on hand just in-case something happens. I also fix computers on the side, which also gives me little bit of extra cash to pay for gas and etc... I'm thinking about leaving the family business. I soon will working full-time at Best Buy. (Geek Squad) That way I can get checks and prove my in-come :) I'm also going to ITT-tech at night time, which my family is paying for. Please help me pay off my credit card debt and be stress free. Thank You. :) Question's from my last listing was... Q: Why are you unable to verify your income? Also, regarding your education costs: have you tried to look at borrowing from the Federal Government (providing you a much lower interest rate and better repayment terms)? Good luck! -tuxedo76 A: I have worked for my family business's and have always been paid cash, so showing my income on documentation is very hard to prove. This is one of several reason's I am improving myself with an education. I can start my career then start showing a sufficient proof of income and establish a better all around profile for myself on paper, along with the good credit rating i already have. As for education needs my parents are willing to help once i have already started attending ITT Tech. (Jan-14-2008) |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 262642 | Helping my family through tough times. | A | $10,000 @ 21% | Jan 10, 2008 | Withdrawn |
| 265379 | Debt consolidation and Starting a new family | A | $10,000 @ 24% | Jan 14, 2008 | Expired |
| 271015 | Relist: Debt consolidation and New family | A | $7,000 @ 24% | Jan 24, 2008 | Expired |
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