The reason that I want this loan is because it will allow me to pay in full all revolving accounts with balances and bring my utilization to 0% and I need a good installment loan for my credit mix with Experian. The derogatory marks on my credit reports are from a series of financial mishaps 2 years post college in 2002 and early 2003. 2 1/2 years ago I had over 60K of debt, 20K of which had been charged off. I have paid every charge off on my credit report and I have not been late to a single creditors in 3 years...I have never settled an account for less than due. The accounts which Experian has listed as currently delinquent are 3 collection accounts that are the result of an auto accident in September 2001, are beyond my state's statute of limitations, and will be paid in full if a deletion letter is provided. I currently have 21 revolving accounts in good standing and I am using $8915.70 of available credit which is $54,766.00. My net income on a monthly basis is just a hair under 4K and I do not have a rent or mortgage payment. I have the cash to pay in full my accounts now, but I prefer to build savings and pay interest to individuals instead of corporations. I would be more than happy to provide any other details requested. I do not plan on prepaying this loan. I would prefer to have 36 months of installment reporting and to make this loan in the best interest (no pun intended) of the lender. My FICO scores as of December 2006 are EQ 619 EX 677 TU 649. I have zero inquires on TU and EQ and the EX inquiries are the result of opening many lines of credit in 2006. I have 21 open revolving accounts in good standing and 18 of them have a zero balance and I do not plan on applying for anything in the near future as I am allowing my inquires and accounts to age. Average age of account is approximately 38 months and my oldest tradeline is December 1995.
Thank you in advance for consideration of my loan. Please fell free to inquire for more information.
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