Pay off debt
| Listing Information | |||
|---|---|---|---|
| Amount: | $1,500.00 | Status: | Loan created |
| Grade: | C | DTI: | 33% |
| Lender Rate: | 19% | Borrower: | ckw1969 |
| Finished | State: | VA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-08-22 | EricsCC ROI: | 18% |
| Status History | |
|---|---|
| Aug 22, 2008 | Current |
|
Purpose of loan: This loan will be used to? Pay off a debt to my college in the amount of $3000.00 My financial situation: I am in debt to my college for $3000.00. They will not negotiate a payment plan longer than 3 months - which would make my payments $1200 a month, an amount I simply cannot afford right now. To make matters worse, my pay dates are the 7th and 22nd; they require payment by the 20th, after that I am considered late. My first payment is due August 20th (I did send them $700.00 in July and $500.00 for the month of August. I have been warned that it will go to collections in September at which point they will add 17% interest to the bill. For my part I have tried negotiating with them one last time (to no avail), revised my W-4 so I can receive more income in my take home pay, got rid of cable and am in the process of selling non-essential items in my home to help pay down the bill. So far it has not been quite enough. I appreciate anyone and everyone who takes the time to read my loan bid, whether you decide to fund it or not. Thank you. Monthly net income: $ 3800.00 Monthly expenses: $ Housing: $ 1390 Insurance: $ 105 Car expenses: $ 120 for public transporation Utilities: $ included in rent Phone, cable, internet: $ 100 a month Food, entertainment: $ 400 food (teen age son) Clothing, household expenses $ 35 for dry cleaning Credit cards and other loans: $ $75.00 Other expenses: $ $900 a month for private school for my son and $180 for physical therapy. The monthly payment for my son's private school is also non-negotiable (900 a month for 10 months) |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 351805 | Debt Consolidation - Private School Payment for Son | B | $7,000 @ 17% | Jun 17, 2008 | Withdrawn |
| 357905 | Pay towards unexpected expenses. | B | $3,000 @ 17% | Jun 26, 2008 | Withdrawn |
| 381024 | Pay off debt | C | $3,000 @ 20% | Aug 11, 2008 | Withdrawn |
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