PAYING OFF TWO CASH ADVANCES AND GRANDMA
| Listing Information | |||
|---|---|---|---|
| Amount: | $4,600.00 | Status: | Withdrawn |
| Grade: | C | DTI: | 21% |
| Lender Rate: | 19% | Borrower: | NICK77882001 |
| Finished | State: | AL | |
| Funded: | 0% | Group: | (No Group) |
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Purpose of loan: This loan will be used to pay off two cash advances that are 352.50 each. I pay these every two weeks and never make a dent in them. The interest on these two loans are 256% each. I have always had to renew the loans which basically are 300.00 dollars each, but the interest is 52.50 each every two weeks which comes out to be 105.00 every two weeks or 210.00 dollars a month. Also, I have to pay 1100.00 to the IRS for a 401k that i cashed out with my last employer. This was listed on my 2006 taxes, but my check i received was not taxed enough originally. So, now i am supposed to pay basically double what i originally owed because of the pretax penalty. Third, my grandmother lent me 2500.00 dollars in September of 2007 and i still owe her 1500.00 dollars. She is not pushing me to pay her off, but i would like to pay her back more than anybody else. Lastly, i am in school for a potential IT job and purchased a Dell computer for my studies. I still owe 1300.00 dollars and because my credit is poor my APR is right at 29% interest. My financial situation: I am a good candidate for this loan because the combination of the payments on a monthly basis, i am making add up to 554.00 a month for the two cash advances; grandmother loan & the computer. Monthly net income: My monthly net income is 2300.00/month. This is not including what my wife makes. She is disabled and her monthly check is 859.00/month. Monthly expenses: $ Housing: $340.00/month own mobile home Insurance: $ 130.00/month one car and mobile home Car expenses: $ 200.00/month Utilities: $ 190.00/month Phone, cable, internet: $ 110.00/month for phone and internet together & 60.00/month DirectTV Food, entertainment: $ 520.00/Month groceries. There is no entertainment. Clothing, household expenses $ 100.00/month home repair lowes credit card 1979 mobile home Credit cards and other loans: $ 200.00/month credit cards & 100.00/month GE school loan & 110.00/month personal loan Other expenses: $ 100.00/month vet bills |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 382560 | Paying off all debt to purchase 1st house | C | $7,500 @ 33% | Aug 14, 2008 | Expired |
| 386491 | Paying off all debt to purchase 1st house | C | $6,500 @ 33% | Aug 21, 2008 | Withdrawn |
| 386558 | Paying off all debt to purchase 1st house | C | $5,000 @ 35% | Aug 22, 2008 | Loan created |
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