Summer 2009

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Listing Information
Amount: $7,500.00 Status: Loan created
Grade: C DTI: 8%
Lender Rate: 30% Borrower: handshakeloan
Time Left: Finished State: CA
Funded: 100% Group: (No Group)
Loan Information
Loan Status: Current Origination Date: 2008-08-19 EricsCC ROI: 29%
Status History
Aug 19, 2008 Current
Purpose of loan:
This loan will be used to build credit history. The following has been copied from Experian-- $7500 is considered significant.
There are not enough mortgage accounts on your credit report. [TransUnion] A healthy balance of credit and loan accounts is key to achieving a high credit score. It is important to build a record of responsible credit use over time with different types of accounts. Consider opening a new account to strengthen your credit report. You have not had enough debt experience. [Experian] A healthy balance of credit and loan accounts is key to achieving a high credit score. It is important to build a record of responsible credit use over time with different types of accounts. Consider opening a new account to strengthen your credit report.
 My financial situation:
I'm in a very good financial situation. My expenses are low and being in the energy sector my job is secure. I  have worked there 7 years this June.  Repayment in full will be August 2009, payments fractionalized over 12 months. I don't want any significant outstanding debt when I apply for home loan.

Monthly net income: Ranges from $2200 to $3000 depending on overtime.
Monthly expenses: $
  Housing: $550
  Insurance: $ 75
  Car expenses: $200
  Utilities: $ included in rent
  Phone, cable, internet: $ 80
  Food, entertainment: $ 600
  Clothing, household expenses $ 100
  Credit cards and other loans: $ 200
  Other expenses: $ 401k-- $1000
Borrower's Other Listings
299430 Handshake Loan HR $2,551 @ 33% Mar 25, 2008 Withdrawn
301552 Handshake Loan HR $1,000 @ 18% Mar 29, 2008 Withdrawn
305319 Handshake Loan HR $2,600 @ 35% Apr 06, 2008 Cancelled
317894 building credit score for home purchase in summer 2009 C $10,500 @ 25% Aug 08, 2008 Withdrawn

 

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