"Putting a lump sum aside for security"

| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 13% |
| Lender Rate: | 15% | Borrower: | commish160 |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 4+ months late | Origination Date: | 2008-04-04 | EricsCC ROI: | -56% |
| Status History | |
|---|---|
| Apr 03, 2008 | Current |
| Jul 19, 2008 | Late |
| Aug 05, 2008 | 1 month late |
| Sep 05, 2008 | 2 months late |
| Oct 06, 2008 | 3 months late |
| Nov 05, 2008 | 4+ months late |
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Purpose of loan: The purpose of this loan is to put a small sum of money aside for a sudden or emergency situation. School bills or an unexpected expense needs to be prepared for. I have equity in my home, but the new restrictions have made it hard to draw from. My financial situation: I have lived somewhat above my means, but I have showed the ability to make large sums of money at a time. I expect to receive over $75,000 this summer from a real estate deal that has already closed but state law will not release the money until June 2008. I have payed all my creditors in a timely fashion, and expect the same to occur in the future. I have explored a secured loan as well, but am not sure how the entire process works. |
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