Recent LawGrad wrkng as Patent Atty needs TV/Furn/ 4 wife
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 17% |
| Lender Rate: | 30% | Borrower: | patentlawyer |
| Finished | State: | IN | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-07-28 | EricsCC ROI: | 28% |
| Status History | |
|---|---|
| Jul 26, 2008 | Current |
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Purpose of loan: This loan will be used to furnish my new two bedroom townhome that I am renting in Bloomington, Indiana. I am getting married August 15, and would like to furnish my place so that my wife and I can enjoy our new home. The remainder of the money will be used to defray some of the expenses of getting married. My financial situation: I am a good candidate for this loan because I recently got a job as a patent attorney ( started April 1, 2008). I have just got done paying off any unpaid balances I had. I am in zero debt except for student loans which I am in the process of consolidating. I make enough money (gross income is 94,500 at 1500 billable hours annually. Every hour I bill after that makes me 47 dollars after tax. Average law firms expect associates to bill 1850 hours, so I am capable of making around 120,000 a year. My past credit history was a result of being unemployed while I went to law school in Chicago. I have now managed to clear all those past debts up and am using the remainder of what I have earned to go towards my wedding. I would finance my home furniture but I cannot get approved for credit b/c of bad credit from the past. There is an amount delinquint on my credit report which stems from my student loan payments for a month. Because I have gotten them consolidated, the amount due will be adjusted to the new loan payments. I believe my new job will eventually help build my credit but right now, I am sort of stuck. I can't afford to ruin my credit again and with a well paying job, I know I have no difficulties in paying my loans now. Monthly net income: $ 5200 Monthly expenses: $ 2225 Housing: $ 625 Insurance: $ 100 Car expenses: $ 180 Utilities: $ 120 Phone, cable, internet: $ 100 Food, entertainment: $ 300 Clothing, household expenses $ 100 Credit cards and other loans: $ 800 (student loan payments) Other expenses: $ 0 |
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