Need funds to consolidate debt . Good Risk, established bus.
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 45% |
| Lender Rate: | 22% | Borrower: | ICON |
| Finished | State: | CA | |
| Funded: | 100% | Group: | PsychDoc's Group |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-02-26 | EricsCC ROI: | 19% |
| Status History | |
|---|---|
| Feb 23, 2008 | Current |
|
Hello, Monthly Net Income : $3,500 (more this year as business is in 2nd Year) Monthly Expenses: - Car : $350 - Insurance : $250 - Food : $300 - Cell Phone : $150 - Gas : $200 - Entertainment : $600 - Credit Cards: $500 - Rental homes: $300 (mostly due to repairs) Total: $2,750 - I am a native of the San Francisco Bay Area. I am seeking these funds to consolidate some misc. debt. Some private debt was taken at the opening of a business in 2006 at high interest rates and now I am looking to repay this debt at a lower rate. The business has been open since Oct . 2006 and has maintained a stedy gross and net income. I am an insurance broker by profession and own this business as well. My living expenses are minimal as I live at home and have no rent. I own 4 homes in Texas and 1 home in New Mexico (equity $130,000 +). Please feel free to ask me any questions you have. Thanks, Mitchell |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 33325 | restaurant/bar needs funds to expand business and for WC | A | $10,000 @ 21% | Aug 22, 2006 | Loan created |
| 275402 | restaurant/bar needs funds to consolidate debt | B | $15,000 @ 32% | Feb 03, 2008 | Withdrawn |
| 276247 | restaurant/bar needs funds to consolidate debt | B | $15,000 @ 28% | Feb 05, 2008 | Expired |
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