New family room addition
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 16% |
| Lender Rate: | 16% | Borrower: | addition2 |
| Finished | State: | IL | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-05-06 | EricsCC ROI: | 15% |
| Status History | |
|---|---|
| May 06, 2008 | Current |
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Purpose of loan: This loan will be used to? fund part of a new family room addition. We will pay $8500 of our own money. We would like to repay this loan over a 18 to 24 month time span. We don't have enough equity in our home to take out a home equity line of credit. So we thought we would try a personal loan. My financial situation: I am a good candidate for this loan because? although we have had problems in the past, we have learned from our mistakes and are ready to move forward. We had a failed business that caused us to file a Chapter 13, we paid back over $109,000 in three years. During this time we learned to budget ourselves and my wife went back to college to earn her degree in Nursing. She has worked for the past two years as a pediatric cardiology nurse. We've been able to buy a new house, and get car loans,all of which have been paid on time, but our bank told us we were too risky because we didn't have enough revolving credit. So hopefully this loan will help us twofold, it will allow us to rebuild some credit and build a new family room. Our credit score is good I think, we just need a chance to prove it. |
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