Living Expenses
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 22% |
| Lender Rate: | 20% | Borrower: | bjl103 |
| Finished | State: | AR | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-06-17 | EricsCC ROI: | 18% |
| Status History | |
|---|---|
| Jun 17, 2008 | Current |
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Purpose of loan: This loan will be used to?help with living and farm expenses My financial situation: I am a good candidate for this loan because?We have always paid our bills. We work very hard to make our farm what it needs to be. We have been upgrading our farming operation since February which means we have new expenses to cover both on the farm and personally. Our bank has worked with us and has provided the needed funds for the upgrades but there are still expenses that have to be covered. And because the loan process has taken so long the bank showed us as deliquent on an interest payment. That has affected our credit record. This was one interest payment that has been taken care of . We are also working with our bank to have this item removed from our credit report. In the mean time we applied from some additional credit to help with expenese not realizing that this too would affect our credit score. For several years we have had excellent credit. We desperately need the money we are requesting so that we can pay for additional supplies and services to get our farm in operation. And in the middle of all of this our baby girl is now engaged with plans for an October wedding! We can't express the importance and need for the money. We are American Farmers working very hard everyday...and we are at a point where we need help so we can continue to grow and thrive in our farming business. We have been in operation since 1996 and have been married for 23 years. We have always paid our bills and done the right thing. Farming and family are important to us. We receive our farm checks when in operation 5 times per year so we have estimated our monthly income. It will increase with the new farm upgrades in place. Also my wife has worked in public eduation for 20 years. She has had to take off a year but is planning on returning to work in the fall. That will be an additional income in the fall. Monthly net income: $ approximately $8,500.00 per month . Monthly expenses: $ Housing: $ 1019.24 Insurance: $ 300.00 Car expenses: $ 390.00 Utilities: $ 200.00 Phone, cable, internet: $ 75.00 Food, entertainment: $ 50.00 Clothing, household expenses $ 200.00 Credit cards and other loans: $ 700.00 Other expenses: $ 200.00 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 294605 | Expense Loan | B | $12,000 @ 6% | Mar 17, 2008 | Withdrawn |
| 295556 | Expense Loan | B | $6,000 @ 6% | Mar 19, 2008 | Expired |
| 327726 | Debt Consolidation and Wedding | B | $15,000 @ 21% | May 07, 2008 | Expired |
| 333106 | Debt Consolidation And Expenses | B | $7,000 @ 21% | May 15, 2008 | Expired |
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