Loan to improve my credit rating and to invest with.
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 10% |
| Lender Rate: | 15% | Borrower: | mango501 |
| Finished | State: | NV | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-08-13 | EricsCC ROI: | 14% |
| Status History | |
|---|---|
| Aug 14, 2008 | Current |
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Purpose of loan: I have a new full-time job, I will park this money and all of my savings to start up a traditional IRA brokerage account, which time now might be right for me to set up, and/or a regular brokerage account for investing in stocks or an index fund. My new job offers a lot of opportunity for overtime so I will probably average at least 2000$ in income per month. my expenses below are overestimates.. as I was able to save up 700$ already last month.. on 1700$ take home pay. I am confident I can pay off the loan with around a 119$/month payment assuming I get 25% rate. Monthly net income: 1600$ base w/o overtime Monthly expenses: $1230 Housing: 500$ Insurance: 70$ car, 70$ on employers medical dental and supplamental life Car expenses: paid off, 100$ gasoline Utilities: 0$ Phone, cable, internet: 40$ Food, entertainment: 200$ Clothing, household expenses 50$ Credit cards and other loans: 40$ (sum of minimum payment) tax witholding, ss, medicare: around 200$ total expenses: 1230$ total left over for payment of loan: around 370$ |
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