Auto Loan to Help a Friend
| Listing Information | |||
|---|---|---|---|
| Amount: | $9,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 30% |
| Lender Rate: | 16% | Borrower: | gerrymcd |
| Finished | State: | NC | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-07-17 | EricsCC ROI: | 15% |
| Status History | |
|---|---|
| Jul 17, 2008 | Current |
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Purpose of loan: This loan will be used to replace a vehicle that suddenly stopped running and is too expensive to repair. This vehicle is not for me, but for a good friend and single mother of 2 kids who attends night school and works 2 jobs as nurse and paramedic. She has been consistently paying $500 per month on the vehicle that recently stopped running. This is her only vehicle and she needs it to support her sons and get to work. Her credit is not as good as mine, so, in effect, I'm underwriting this loan on her behalf (I know she's good for the payments). My financial situation: I am a good candidate for this loan because I have a credit score above 800, never miss a payment and own a successful professional firm her in Charlotte. |
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