GOODBYE Credit Cards, HELLO Fabulous FICO!!
| Listing Information | |||
|---|---|---|---|
| Amount: | $9,900.00 | Status: | Loan created |
| Grade: | A | DTI: | 41% |
| Lender Rate: | 14% | Borrower: | spks |
| Finished | State: | VA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-09-16 | EricsCC ROI: | 13% |
| Status History | |
|---|---|
| Sep 14, 2008 | Current |
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Purpose of loan: This loan will be used to... consolidate my credit card debt into one payment. My goal is to refinance my beautiful home within the next 6 months, and take advantage of the current low interest rates. With my credit cards paid down, this will improve my already good Fico score so I qualify for the lowest possible rate. My financial situation: I am a good candidate for this loan because... I have a strong and solid credit history and I do not make late payments. After listing recently and not receiving enough bids to fund my loan*, I realized (after receiving some valuable feedback) that my listing was not nearly as detailed as it needed to be. So please let me clarify my financial details for you. I am, and have been for some time, going through divorce. I am not into bashing or blaming, but divorce is rarely pretty, yet it is expensive and often (like mine) is lengthy. With that said, my DTI is really high because I am on 2 mortgages, when in actuality I am only responsible for 1, as ordered by the court. Also, in regards to the $60k revolving credit debt, only 2 of the 9 accounts are mine. As long as I am still married, marital it marital, regardless of who is actually responsible for the payments. I am a full-time Administrative Assistant and I net a little over $3000 a month (more with overtime). I recently got my Real Estate license and have 2 homes under contract with the first one due to close in under 45 days - it's a great time to buy! I also receive $1200 a month in child support. My monthly expenses are as follows: total net income-4200+ house-1224 car-361 insurance-75 utilities-80 cable/phone/internet-99 food-250 clothing/misc.-100 credit cards-550 (minimum, but I always pay more) savings-250 total expenses-2989 As a single mom, I am excellent at managing my money. As proof of that, I was also able to purchase my home, without a co-signer, even though on paper, it looks as though I am over-extended. I appreciate your time. Thank you and I look forward to doing business with you. *Thank you to everybody who bid on my loan and please bid again! Have a great day! |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 385458 | Pay off my credit cards in order to refinance my house | A | $18,000 @ 20% | Aug 20, 2008 | Expired |
| 390861 | GOODBYE Credit Cards, HELLO Fabulous FICO!! | A | $17,000 @ 22% | Aug 31, 2008 | Withdrawn |
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