Returning a favor... with interest
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,400.00 | Status: | Loan created |
| Grade: | A | DTI: | 8% |
| Lender Rate: | 11% | Borrower: | veracious1 |
| Finished | State: | PA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-08-07 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Aug 07, 2008 | Current |
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Purpose of loan: This loan will be used to help my brother who was married in November, 2007 and had the misfortune of having a fire destroy most of his new home in March, 2008. My brother has a heart of gold and was kind enough to loan me money to purchase a motorcycle at 0%. This loan will be used to repay my brother completely, essentially refinancing my motorcycle, along with a $500. gift (a surprise for him and his wife) to show my appreciation for giving me the interest free loan, and to help them cope with rebuilding from the fire.
My financial situation: I am a good candidate for this loan because I realize the importance of maintaining good credit status. Seven years ago, after the birth of my son Connor who has Autism with many complications (the little guy getting a ride in the photo), we endured financial difficulties. We have recovered extraordinarily well since. I'm extremely careful with credit. Currently my debt to income is very low, and I make all payments for everything on time. Net monthly income: $3,100. Rent: $600. Water: $22. Natural Gas: $80. Electricity: $43. Phone + Internet: $85. Mobile phone: $130. Food: $335. Fuel: $65. Auto/Bike insurance + maintenance: $130. Payments on lines of Credit: $80.-$120. Misc. household expenses: $40.-$340. Savings accounts: $100. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 357383 | Returning a favor to my brother who once gave me a 0% loan. | A | $8,500 @ 18% | Jun 25, 2008 | Expired |
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