pay off credit card and start a business

| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 53% |
| Lender Rate: | 14% | Borrower: | donb |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 1 month late | Origination Date: | 2008-02-22 | EricsCC ROI: | -40% |
| Status History | |
|---|---|
| Feb 22, 2008 | Current |
| Dec 07, 2008 | Late |
| Dec 23, 2008 | 1 month late |
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Purpose of loan: This loan will be used to pay off credit cards and start my family business. My financial situation: I am appling for this loan because I just finished a two year custody battle with my ex-wife because my son wanted to spend more time with me, my wife and his younger brother. Due to high legal fees we have had to use credit cards for every day living. With this loan if approved I will be able to pay off my credit cards and start my business and start my road to financial freedom. Paying back this loan will not be a problem because I recieved a 14% pay raise this year. thank for your time. Monthly net income: $ 5140 Monthly expenses: $ 4055 Housing: $ 1637 Insurance: $150 Car expenses: $ 921 Utilities: $ 200 Phone, cable, internet: $ 187 Food, entertainment: $ 250 Clothing, household expenses $ 100 Credit cards and other loans: $ 610 Other expenses: $ |
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