paying off existing loan with high interest rate after divor
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 43% |
| Lender Rate: | 20% | Borrower: | butterbean40 |
| Finished | State: | GA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-09-24 | EricsCC ROI: | 19% |
| Status History | |
|---|---|
| Sep 24, 2008 | Current |
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Purpose of loan: I want to pay off an outstanding loan that I had with my ex-husband. It has a 22% interest rate. This loan was refinanced in my name only after the divorce. I took possession of the loan so that I could retain ownership of the vehicle that was initially used as collateral for the loan. It is now an unsecured loan. I make all payments on time but would like to have a lower interest rate so that I may have extra for school clothes, extra sports activities, etc. My financial situation: I am a good candidate for this loan because I have come a long way in becoming financially independent and being able to pay my household expenses without asking for another loan. I occasionally get child support, but that is not included into my monthly net income because it is not a regular payment and never the same amount. I have learned to cut back on expenses that are not necessary in order to pay my bills on time although that may mean not having a lot of extra spending money. Monthly net income: $ 1882 Monthly expenses: $1597 Housing: $ 725.00 Insurance: $ 52.00 Car expenses: $ 100.00 gas Utilities: $ 125.00 Phone, cable, internet: $ 50.00 Food, entertainment: $ 175.00 Clothing, household expenses $ 100.00 Credit cards and other loans: $ 220.00 Other expenses: $ 50.00 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 387587 | paying off existing loan with high interest rate after divor | C | $6,500 @ 24% | Aug 24, 2008 | Withdrawn |
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