Getting the U.S. Dept Of Education Off my back
| Listing Information | |||
|---|---|---|---|
| Amount: | $22,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 16% |
| Lender Rate: | 12% | Borrower: | j224blue |
| Finished | State: | FL | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-04-29 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Apr 29, 2008 | Current |
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Purpose of loan: This loan will be used as a direct personal loan to pay off the Dept of Education. 16 years ago my loans where unfairly thrown into default while I was on medical leave. Within 6 months they where sold twice increasing the debt by more than $10,000. The University and my doctor intervened but to no avail. The dept would not reverse it's decision or grant me a hearing to come to a settlement. Finally I was forced to declare bankrupcy and that convinced them there was no point in harassing me any longer. Now 16 yrs later they are back demanding $40,000 dollars or a lump sum payment of $22,000 to settle the matter. I just want it to be over and need help in solving this problem. My financial situation: I am a good candidate for this loan because I am financially stable and make a good living I've had the same job for 15 years. I purchased my condo 3 years ago and will shortly earn a 2.5% ownership interest in both the Heron House and The Heron house Court Guesthouses(worth about $250,000) I currently have $37,000 in my simple IRA. My Monthly budget is below and my current income is $111000.00 per year. Monthly Income: $8586.00 Expenses: Mortgage $1604.90, Condo dues $500, Ins. $125, Car $218, Life Ins $189, Electric $195, Credit cards $1000, Raymond James $600, Cable $130, BC & BS $119.50, Property taxes $409.61, Sprint $97, Help for my parents $1000, Food and Misc $450. Total Expenses $6638.00 Total available to pay prosper $1948.00 |
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