Payoff CFA Level I exam & car repair bills on credit card
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 20% |
| Lender Rate: | 7% | Borrower: | Riddler0120 |
| Finished | State: | NC | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-07-23 | EricsCC ROI: | 6% |
| Status History | |
|---|---|
| Jul 22, 2008 | Current |
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Purpose of loan: To payoff unexpected car repair bills and the cost of CFA (Chartered Financial Analyst) Level I exam and test preparation tools that have accrued on two credit cards. My financial situation: I am a full-time employee of Wachovia Securities making an annual salary of $65k a year + 25-75% of salary as annual bonus. I own a one bedroom condo which I am currently paying a mortgage on. I made the mistake 2 years ago of buying an expensive car (Mercedes) and as the expenses built up I finally came to the conclusion that it was not a wise, sound financial decision. Last week, I decided to part with my exponentially depreciating asset and bought a more reasonable car (Hyundai Sonata). I needed a car that got better gas mileage and got me from point A to point B. Unfortunately, while I had the Mercedes, the upkeep and service of the car forced me to build up some debt on my credit cards. On top of the car bills, I decided about a month ago to sign up for CFA Level I exam in December 2008. The exam and the test prep tools cost a little over eleven hundred dollars. Here is a breakdown of my monthly income and expenses: Net income: $3,555 Condo Cost (Mortgage, HOA, Power, Cable, etc): $1066 Car Cost (Loan & Ins): $580 Student Loan: $170 Other (Cell, Dental, Etc): $140 That leaves me with a little less than $1,600 a month for food/gas and plenty left over to pay off this potential loan. Lastly, since I will be studying the majority of the time outside of work, I won't have much time to spend any money! Thanks for taking the time to read my proposal and I hope you find me worthy of lending to. |
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