Relief from Payday Loans!!
| Listing Information | |||
|---|---|---|---|
| Amount: | $2,000.00 | Status: | Withdrawn |
| Grade: | HR | DTI: | 26% |
| Lender Rate: | 35% | Borrower: | april81978 |
| Finished | State: | MD | |
| Funded: | 0% | Group: | (No Group) |
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Purpose of loan: This loan will be used to pay off pay day loans that I mistakenly had taken out last year around my wedding to pay for odds and ends. I turned to pay day loans because of my credit status - I lost my father (who was a single father - my mother passed when I was 4) while a junior in college. Having no financial support from him any more, my credit became poor and never recovered. Little did I know that these loans were a terrible financial decision that ended up being so cyclical - I feel trapped. I received a promotion in February of 2008, and my new salary is being eaten away by these payday loans. The loans are such a burden that they have added to me being late with credit card and car payments. My financial situation: I am a good candidate for this loan because once these payday loans are paid off, I will be well on my way to financial freedom and will have much more expendable income to pay this loan off quickly (minus the high interest rates that I am currently paying to the pay day loan companies). Although my credit score doesn't illustrate my good faith to pay, I will pay this loan back on time, each month. Monthly net income: $ 2760 Monthly expenses: $ Housing: $ 600 Insurance: $ 95 Car expenses: $ 500 Utilities: $ 0 Phone, cable, internet: $ 0 Food, entertainment: $ 100 Clothing, household expenses $ 100 Credit cards and other loans: $ 800 Other expenses: $ 0 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 382266 | Much better than my credit score indicates! | HR | $2,000 @ 35% | Aug 13, 2008 | Withdrawn |
| 382478 | My HR rating means a great turnaround for any lender! | HR | $1,000 @ 29% | Aug 14, 2008 | Loan created |
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