Car for wife and son..
| Listing Information | |||
|---|---|---|---|
| Amount: | $4,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 32% |
| Lender Rate: | 17% | Borrower: | funds-financier772 |
| Finished | State: | OH | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-09-25 | EricsCC ROI: | 15% |
| Status History | |
|---|---|
| Sep 24, 2008 | Current |
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Purpose of loan: I would like to purchase a new(er) car for my wife to use. Her current car is beginning to show signs of unreliability and I want to sell it while it still has a little value. The money from the sale of her car plus this loan will allow me to buy a better car for her to use daily as she takes our son to preschool and other activities. My financial situation: Between my wife and I, our income far outweighs our monthly expenses. I could save up the difference needed for the new car, but I want to act quickly before it breaks down or worse. Monthly net income: $ 4500 Monthly expenses: $ Housing: $ 600 Insurance: $ 100 Car expenses: $ 200 Utilities: $ 75 Phone, cable, internet: $ 200 Food, entertainment: $ 400 Clothing, household expenses $ 300 Credit cards and other loans: $ 100 Other expenses: $ 300 I have intentionally set the interest rate high to attract lenders. The slight difference in payment is not very important to me because the loan will be paid back in a very short period of time (probably 6 months tops). So everybody wins!! |
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