Paying off Payday Loans for my daughter
| Listing Information | |||
|---|---|---|---|
| Amount: | $2,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 24% |
| Lender Rate: | 14% | Borrower: | finallymom |
| Finished | State: | MO | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-08-21 | EricsCC ROI: | 13% |
| Status History | |
|---|---|
| Aug 21, 2008 | Current |
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Purpose of loan: This loan will be used to pay off payday loans my daughter took out. She was listed on my bank account and got into some financial trouble because of a troubled pregnancy. She took out the loan for 600 dollars thinking she would be back to work and could pay it. Then when she wasn't able to she took out another one to pay the interest on it, it has been revolving so now I am making the interest payments on this with her help but it totals over 500 dollars a month just in the interest. I need to just get them paid and stop the cycle. She can then pay me back when she is able. But if I can pay 100 to 150 dollars a month, I can pay that easily compared to what I have been paying and make sure my bills are back on track and get ready for Christmas with my grandchildren and the new ones coming. My financial situation: I am a good candidate for this loan because, I have never not paid a debt. I have had my times when I was late in the past mostly because of my husband being hospitalized and off work and now this has put me a little behind trying to keep up with these. I want to get them paid so I'm not worried about what is coming out all the time and when I can pay my bills. The bills below are also split with my husband and does not include the payday loans. Monthly net income: $ 1802.00 Monthly expenses: $ Housing: $ 0.00 Insurance: $ 132.00 Car expenses: $ 232.00 Utilities: $ 154.00 Phone, cable, internet: $ 110.00 Food, entertainment: $ 250.00 Clothing, household expenses $ 75.00 Credit cards and other loans: $ 312.50 Other expenses: $ 95.00 |
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