Widow with 4 teens needs to get out of Pay Day Loans
| Listing Information | |||
|---|---|---|---|
| Amount: | $4,100.00 | Status: | Loan created |
| Grade: | D | DTI: | 25% |
| Lender Rate: | 18% | Borrower: | ladybug1959 |
| Finished | State: | WA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-08-06 | EricsCC ROI: | 17% |
| Status History | |
|---|---|
| Aug 06, 2008 | Current |
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Purpose of loan: This loan will be used to payoff payday loans, which are taking over $500 per month of my income and I am being eaten alive by them. Experian Credit Score: 657 so I am unsure why I was rated a D and not a C My financial situation: I am a good candidate because? I have the income to support it and made a huge mistake by taking out payday loans instead of riding out a hard time. I do pay my bills! I work for a major cable company in sales and yes, I could sell ice to an eskimo. I am too honest and could probably make a lot more but ethics and morals get in the way. Top 10 performer! Overtime, big time average is 20 hours + per week. We are on a base+comm and at this point of the year I am at 5200 per month. One late payment, 07,from capital one which was applied to wrong account. I have tried fighting it but have not succeeded. I am aware my income to debt ratio is high. Bankruptcy, 02, deal gone bad with my late husband 6 years ago. Scammed in a business deal. I am a college graduate with a Masters in Health Care Admin who will be taking the LSATs (law entrance exam) in October. My husband passed 4 short yrs ago to a massive heart attack and over night life changed horribly.He was a very successful dentist and a wonderful husband, father and person. A bad probate fight cost a small fortune taking my first 3 life ins payments.This ordeal put me thru a spiral down slide but I am determined to rise above. Not a lot of life ins due to diabetes and the cost was so high. I have one more $80,000+ payment to come in March, 2009 at which time I will start fresh by paying back credit cards (and getting rid of them) and by moving out of the area I am in. No family of mine lives on this coast. I hate to sound desperate but I am as I have had to resort to payday loans which are eating me alive. A very stupid move on my part. I am currently researching better ways to mange my money including Dave Ramsey's get out of debt book and have every intention of following this simple path once I get ahead again. My credit means the world to me as when I was forced to file bankruptcy almost 6 years ago I was devastated but it was due to a business gone bad.We were scammed. Since then I have been a member of myfico.com and I watch my credit information like a hawk. I will not fail you! Can you please help me out? Thanks for your consideration! Proud Mom moment: My children, HS Senior (in the picture w/me) who is being recruited for her strength in soccer (she is an awesome goalie) and has excellent grades, I have two children (19, 21) who attend Washington State University full time and I have my oldest son (23) who is #1 out of 144 in his class, studying dentistry in San Francisco. Please have faith in me! Monthly net income: $ 5200.00 at work and $1400.00 from Soc Sec survivor benefits Total: 6600.00 Monthly expenses: $ Housing: $ 1209.00 Insurance: $ 979.00 (auto, life, health) Car expenses: $ 1100.00 (I know I need to downgrade these immediately and take a hit and loss) Utilities: $ 180.00 Phone, cable, internet: $ 139.00 (this is what I sell) Food, entertainment: $ 900.00 (family of 4), entertainment 60.00 (1x per month out) Clothing, household expenses $ 350.00 Credit cards and other loans: $ 650.00 Pay Day Loans: $ 570.00 to keep them floating ($ 3180.00 to pay them off) IRA: $100.00 per month Other expenses: $ 200.00, 401K (100 per pay per |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 373836 | Widow with 4 teens, l Can Secure this loan | D | $10,000 @ 35% | Jul 27, 2008 | Withdrawn |
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