Trying to Help My Father
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 42% |
| Lender Rate: | 24% | Borrower: | Claraine |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-03-06 | EricsCC ROI: | 21% |
| Status History | |
|---|---|
| Mar 06, 2008 | Current |
|
Purpose of loan: The purpose of the loan is to help out my father with a small eatery business in the Philippines. He has bad credit due to filing for bancruptcy. He is currently living there and already has the business going. He wants to expand his business and needs that "boost" to do so. This loan would help him out a lot. My father is a U.S. Air Force retiree. He has served 20 years with dedication and loyalty to this country and deserves a second chance. My father's financial situation: As a U.S. Air Force retiree, my father has a fixed income of about $800/month. Because he does live in the Philippines, he is able to afford a comfortable life. I tried to help him out myself by applying for many loans. But because I am a struggling, full time student working part time, I have been denied due to my income and limited credit history. As you can see below, he has minimal expenses. He has about $230/month to spare. Since moving to the Philippines last year, he has been using the extra money to buy basic household goods and whatnot for his apartment. Since he is now officially settled there, he would be able to use the extra money to pay off the loan, even in less than three years especially if he is given the opportunity to expand his business. Any help would be greatly appreciated... thanks in advance for believing in second chances! My father's Monthly net income: $800 Monthly expenses: $570 Housing: $250 Car expenses: n/a Utilities: approximately $70 Food, entertainment: approximately $200 (includes food for business) Other expenses: $50 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 284398 | Trying to Help My Sister | D | $3,000 @ 35% | Feb 25, 2008 | Withdrawn |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|