PAYING OFF DEBT TO BUY MY FIRST HOME
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 21% |
| Lender Rate: | 15% | Borrower: | angelika22 |
| Finished | State: | CT | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-06-10 | EricsCC ROI: | 13% |
| Status History | |
|---|---|
| Jun 10, 2008 | Current |
|
The purpose of my loan is to pay off a significant portion of my credit card debt bringing me that much closer to my financial goal. My ultimately goal is get rid of my current debt, which would allow me to begin the process of buying my first home. I have made some "not so good" choices in my life pertaining to my finances, and now, having learned from those mistakes, I am determined to create a more stable and positive financial future for myself. By paying off my debt, it would also improve my credit score, offering me better home buyer options. (100% Financing) A little about ME... I am presently employed as an Investigative Social Worker for a Child Protection Agency in CT. Prior to my current employment, I was employed as a NJ state Probation Officer for 5 years. My employment history is evident that I am able to maintain a consistent income and am a responsible individual. I am at a point in my life where I have learned where to put my money and how to make it grow, but I struggle in starting this financial plan b/c of my current debt and inability to save fast enough. I recently consolidated my credit with a debt management company, where they helped lower my interest rates from 24.99% to 15%. I now faithfully pay $500.00 a month towards this debt. I am single and live on my own and work very hard to pay my bills on time. This has always been my priority to the point of sacrificing any luxuries & social life. Although my credit is not perfect, you can see that I have made several improvements and strides in correcting my past mistakes. This loan is just one aspect of my financial plan and life goals. I am dedicated to living a life with better choices relating to my finances, and hope that someone will allow me the opportunity to fulfill this life goal. Monthly net income: $ 4,400.00-month Monthly expenses: Housing: $ $850.00 Insurance: $ 150.00 Car expenses: $Lease-$315.00-Gas-$320.00 Utilities: $ Electric-100-Gas bill $50 Phone, cable, internet: $ Phone-$85.00 cable-80.00 internet-60.00 Food, entertainment: $ 300.00 Clothing, household expenses $100 Credit cards and other loans: $ $500.00+$100-for dept store card (macy?s) Other expenses: $ $225.00 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 250286 | Finally taking control of my finances | C | $7,000 @ 10% | Dec 16, 2007 | Expired |
| 336234 | BUYING MY FIRST HOME | C | $10,000 @ 19% | May 20, 2008 | Expired |
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