Newlyweds wanting to pay off our wedding debt!
| Listing Information | |||
|---|---|---|---|
| Amount: | $9,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 30% |
| Lender Rate: | 20% | Borrower: | midreams |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-08-07 | EricsCC ROI: | 19% |
| Status History | |
|---|---|
| Aug 06, 2008 | Current |
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Purpose of loan: This loan will be used to? pay off our wedding expenses. My financial situation: I am a good candidate for this loan because? my husband and I are very responsible, reliable people. We married last year, and while we paid for much of our wedding costs in cash, we needed to put certain costs on credit cards which we want to pay off so we can purchase our first home. My credit score is a C, which is a reflection of the debt we owe, not of the timeliness of our payments. This is the main reason I am requesting this loan..to pay if off sooner and raise that score to an AA!! :o) Our income is very steady. We have both been in our jobs for several years. I work in media, and have been with my company for over 6 years as a Human Resources Manager. My husband works for a food supply company as a Warehouse Manager, and he has been with his company for over 9 years. We both love our jobs and plan on staying with our companies for many years to come. Because we are working towards our first home, we are diligent in paying our bills to build our credit. We are aware that in these economic times, home loans are only given to people with the absolute best of credit scores. We want to position ourselves for the best opportunity for real estate ownership that we can. Paying off all of our debt will do that. We are honest, hard working people just trying to raise a family in this crazy economy! I also want to disclose upfront, I did have a Bankrupcy over 9 years ago after health problems. It was financially devastating at a very young age. I promised myself I'd NEVER get myself in that situation again. Since that time, I have made it a point to pay every bill on time in a reliable, fully responsible manner. The amounts below are for my income and my husbands income combined. Together, we earn $105,000 gross income annually. Monthly net income: $ 6690.00 Monthly expenses: Housing: $1450.00 Insurance: $125 Car expenses: $ 432 + $200 in gas (we just paid off my husbands car) Utilities: $ 120 Phone, cable, internet: $ 115 Food, entertainment: $ 300 Clothing, household expenses $ 200.00. Misc expenses, payments - $300 If we receive this loan, we would pay off the following credit cards: WAMU VISA - balance - $5129.63 ($160 current monthly payment) Merrick Bank - balance - $1779.26 ($100 current monthly payment) Capital One - balance - $2000.00 ($110 current monthly payment) Thank you so much for considering our loan! We welcome any questions. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 312376 | Newleyweds wanting to pay off our wedding debt! | C | $10,000 @ 24% | Jul 16, 2008 | Expired |
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