Combining Debts, starting business
| Listing Information | |||
|---|---|---|---|
| Amount: | $8,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 19% |
| Lender Rate: | 14% | Borrower: | klock |
| Finished | State: | PA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-07-29 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Jul 29, 2008 | Current |
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Purpose of loan: This loan will be used to consolidate a few small balances, and the remainder to help with the financing of a custom furniture business. I've worked very hard over the last 8 years to all but elimate my credit card debt, as well as to fund a dream career change. I've been in the accounting/finance field for 10 years, and I've also been building furniture off hours at my rented warehouse for 6. I've essentially been working two full time jobs, as my client list grows, and I feel it's time to finally transition to furniture design full time. Of course this won't be overnight, but I hope within 5 years to have my business up and running and completely self sufficient. My financial situation: I am a good candidate for this loan because I am financially secure, and have paid off roughly $10k in debt over the last 12 months or so. This loan is really just to tie up my loose ends that still carry very high rates. All income figures are solely my accounting job. Monthly net income: $ 2600 Monthly expenses: $ 1565 Housing: $500 Insurance: $ 105 Car expenses: $ 280 Utilities: $ 40 Phone, cable, internet: $ 40 Food, entertainment: $ 200 Clothing, household expenses $ 200 Credit cards and other loans: $ 200 Other expenses: $ |
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