Paying for a close relative's education
| Listing Information |
| Amount: | $7,000.00 |
Status: | Loan created |
| Grade: | B |
DTI: | 13% |
| Lender Rate: | 18% |
Borrower: |
Sika
|
| Time Left: | Finished |
State: | KY |
| Funded: | 100% |
Group: |
(No Group) |
| Loan Information |
| Loan Status:
| Current |
Origination Date:
| 2008-10-06 |
EricsCC ROI:
| 17% |
| Status History |
| Oct 04, 2008 |
Current |
A very close relative of mine has gained admission into college but does not have all the funds to pay for this year's tuition. I have already offered part payment but I am not in a position to pay for everything at this time and that is why I am applying for the loan. She has worked really hard to gain admission and I want to do all my best to help her realize her dreams. She would have taken out the loan herself but is not currently in a position to do so because she has no credit history.
I have never once defaulted and I make sure that all my payments are on time. I am signing up for automatic deduction so that my account is billed automatically every month. I am personally capable of paying off the loan within the specified time. As further guarantee, I have also made sure that my relative is responsible for the loan. That way, there is no way that we can default. I hope that you would help us make a dream come true.
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