Solid ability to repay with no past negative credit
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 24% |
| Lender Rate: | 14% | Borrower: | mtnrider78 |
| Finished | State: | VT | |
| Funded: | 100% | Group: | The Tooth Fairies |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-08-14 | EricsCC ROI: | 13% |
| Status History | |
|---|---|
| Aug 14, 2008 | Current |
|
Purpose of loan: This loan will be used to pay off my current higher rate debits of about 20,000 that I have accumulated in large from a combination of larger expenses last year. I would like to make potential lenders aware that my debits are not from frivolous spending on junk or irresponsible managing of my finances. Most of my debit is from Medical & Dental work that had to be done do to a birth defect and has to be fixed in sections, not allowing me to have the work done in smaller parts over time as I would have liked. Since the dental work was necessary to be done like this I then evaluated the Tax benefit of also having the Lasik Eye Surgery done the same year. Having all this work done within the same year enabled me to deduct a greater amount of my medical costs from my income when filing taxes, then I could have spreading it out, saving me about 4k which is nearly the entire cost of the eye surgery. The total cost of my dental work was about 28k and Lasik Eye Surgery about 5k. The money I barrowed for all this was mostly split between two credit cards that offered teaser rates which I had planed to refinance and that time has come. My financial situation: I am 30 I have a stable salery and have worked as Sales & Finance Mgr for Crossway Saab for the last 4 years and make over 70k a year, last year?s W2 = 79K. I would agree to repay in 24 mo if this is a option. I can pay $1,000 $1,500 a month towards this debit. I have stocks and a 401k to repay my debit if ever necessary. I have never made a late payment on any debit. I have several store cards such as Sears, Best Buy, with low balances owed on them and they are the 0% with a total monthly payment of about $150. Monthly net income: $ 6500 befor taxes Monthly expenses: $ Housing: $ 900 Insurance: $ 125 Car expenses: $ 350 Utilities: $ 100 Phone, cable, internet: $ 150 Food, entertainment: $ 500 Clothing, household expenses $ 50 Credit cards and other loans: $ 450 *but this will be replaced by your loan. Other expenses: $ |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 374728 | Solid ability to repay with no past negative credit | B | $20,000 @ 12% | Jul 29, 2008 | Withdrawn |
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