paying off credit cards and loans
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,000.00 | Status: | Loan created |
| Grade: | E | DTI: | 39% |
| Lender Rate: | 28% | Borrower: | shooter18 |
| Finished | State: | IL | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 4+ months late | Origination Date: | 2008-03-24 | EricsCC ROI: | -75% |
| Status History | |
|---|---|
| Mar 22, 2008 | Current |
| Aug 08, 2008 | Late |
| Aug 26, 2008 | 1 month late |
| Sep 25, 2008 | 2 months late |
| Oct 25, 2008 | 3 months late |
| Nov 25, 2008 | 4+ months late |
|
Purpose of loan: The purpose of this loan would be so that I may payoff a couple of high interest loans, credit cards, and a truck loan. This would enable my wife and I to provide a better life for us and our 3 children. We have teenagers whom will be heading off to college soon and it would be wonderful to help make that happen. By consolidating our debt we feel we have a true chance of working towards our goal. Everyone deserves a chance, we would like to give our children one too. My financial situation: I am a good candidate for this loan because? In the last year and a half my wife has returned to work after staying home the last 15 years to raise our children. Which financially was not an easy task, During this time we have had to take on a few higher interest loans and have a few credit cards that we would use to help make ends meet. Which had caused us to run into some financial trouble, but life throws you curves, we stepped back and realized we needed to make some changes or we were just going to be continuing in a vicious cycle of debt. Which is why we are looking for assistance now, we finally can see some light at the end of the tunnel, we just need some help getting there. We just felt it was very important in this day and age that she stay home and raise the kids. Now that the kids are older, we found it easier and safer for my wife to return to work. That being said,, as a family we went without things other families had, we didn't have new cars and vacations etc.. but had the chance to watch our children grow and mature. So basicly, now that our financial situation has improved we would really like to start with a clean slate. With my wife returning to work we would love to have the opportunity to do just that our by consolidating our debt, and make one monthly payment. We are very committed to this venture and would like every possible chance to turn things around. That is why I am so glad I heard about this possible option, it gives an average person a fighting chance! Consolidating our debt would make our goals more attainable and we would be able to afford a more comfortable payment and be able to concentrate on one loan.Thank you. Monthly net income: $ 4034.67 Monthly expenses: $ Housing: $ 750.00 Insurance: $ 74.55 Car expenses: $ 50.00 Utilities: $ 210.00 Phone, cable, internet: $ 200.00 Food, entertainment: $ 520.00 Clothing, household expenses $ 200.00 Credit cards and other loans: $873.84 Other expenses: $ 0 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 286984 | paying off credit cards and loans | E | $3,000 @ 31% | Mar 04, 2008 | Expired |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|