Getting out of debt to start our lives together
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,500.00 | Status: | Loan created |
| Grade: | B | DTI: | 9% |
| Lender Rate: | 17% | Borrower: | drjoedc |
| Finished | State: | PA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-09-26 | EricsCC ROI: | 16% |
| Status History | |
|---|---|
| Sep 26, 2008 | Current |
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Purpose of loan: This loan will be used to pay off some credit card debt. My financial situation: I am a good candidate for this loan because I have a good income and my soon to be wife will also have a good income as a dental hygienist. We have kept up on our bills while digging out from under my school loans, all while she was in school full time for the last 2 years. We paid for her school, so she has no school loans to repay. After the wedding she has lined up a job full time, so we will have plenty of money to pay off our outstanding debt. We also have a rental property that currently is breaking even, but hope that we can refinance it shortly to lock in a better rate. I have about 15k in equity, but can't get to it as the LTV % is still alittle too high. Monthly net income: $ 10000 after taxes Monthly expenses: $ Housing: $ 2200 Insurance: $ 100 Car expenses: $ 340 Utilities: $ 400 Phone, cable, internet: $ 140 Food, entertainment: $ 400 Clothing, household expenses $ 250 Credit cards and other loans: $ 2000 Other expenses: $ |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 393561 | Paying for wedding | B | $9,500 @ 17% | Sep 05, 2008 | Expired |
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