Balance My Budget
| Listing Information | |||
|---|---|---|---|
| Amount: | $6,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 26% |
| Lender Rate: | 14% | Borrower: | 2ndChanceDoinItRight |
| Finished | State: | KY | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2008-06-19 | EricsCC ROI: | 13% |
| Status History | |
|---|---|
| Jun 18, 2008 | Current |
| Mar 15, 2011 | Payoff in progress |
| Mar 22, 2011 | Paid |
|
Purpose of loan: This loan will be used to start a monthly household budget. I need to pay off my credit cards and have a monthly reserve equal to one months debt payments (only fixed credit expenses, not household living expenses). My financial situation: I am a good candidate for this loan because I know what I need to do and have the financial means to do so. I grew up with parents that had no financial responsibility. My poor upbringing started me off in life down the path they were on. I have worked very hard to turn that around and this is one of the last steps in starting my financial freedom. Monthly net income (mine, my husands and rental income): $ 7850 Monthly expenses: $ 6437 Housing (2 houses, 3 mortgages): $ 2838 Insurance (home, auto and life): $ 355 Car expenses: $ 807 Utilities: $ 355 Phone, cable, internet: $ 79 Food, entertainment: $ 1200 Clothing, household expenses $ 200 Credit cards, student loans and other loans: $ 603 Other expenses: $ This loan will bring the $603 payment down to $225 and will put $3600 in my savings account as reserves for my monthly mortgage and auto payment. This will help in the event that my tenant does not pay her rent or in case she decides not to renew her next lease. I have pay stubs to verify my income. Only $850 per month is from the rental income. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 112565 | major plumbing problems | HR | $5,000 @ 7% | Mar 18, 2007 | Withdrawn |
| 432587 | Balance My Budget to get a new home | D | $6,000 @ 22% | Nov 10, 2009 | Withdrawn |
| 447418 | Balance My Budget to get a new home | C | $6,000 @ 22% | Feb 22, 2010 | Expired |
| 453147 | sold expensive home-repair downsize | C | $4,000 @ 31% | Apr 09, 2010 | Loan created |
| 534403 | debt consolidation | D | $10,000 @ 26% | Oct 21, 2011 | Loan created |
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