HELP WANTED: Better Credit Score, Inquire Within (RELIST #1)
| Listing Information | |||
|---|---|---|---|
| Amount: | $1,750.00 | Status: | Loan created |
| Grade: | HR | DTI: | 4% |
| Lender Rate: | 20% | Borrower: | WeLoveOurSpam |
| Finished | State: | ID | |
| Funded: | 100% | Group: | BORROWERS - Free instant Listings - LARGEST GROUP |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-01-10 | EricsCC ROI: | 15% |
| Status History | |
|---|---|
| Jan 12, 2007 | Current |
|
Well,
the first listing didn't go through, so I dropped the loan from 2250 to 1750 and raised the interest from 25% to 26% (state cap). ABOUT ME: I am 22 years old, newly married, and am a first-time father. I am currently working two jobs to support my family, as my wife is a stay-at-home mother. I am looking to rebuild my credit to provide a better life for my family, and request that you consider me as a sound investment despite my credit rating. It is my commitment to you that I will make my payments on time and will not be late. My main job is as a driver for Pizza Hut, where I have been employed since March 2006. Due to the nature of the job, my hours aren't guaranteed. I can be scheduled for 20 hours in a week and end up actually working 15 to 30. Lately, I have been averaging 45 hours every 2 weeks. With tips and mileage reimbursement, I average about $10-12 per hour. I also work a second job part time at an Exxon gas station, which gets me about 25.5 hours a week. I just started working there again earlier this month (had been previously employed for 9 months in 2004) after being laid off from a call center position where I had worked for a total of about 2 ¼ years. EXPLANATION OF BAD CREDIT: The extent of my HR credit rating and personal debt is derived from two sources: credit card debt and check collections. The last time I checked (Dec 2006), I had an Experian credit score of 515, which isn?t too far from an E credit rating. I have tried my best to explain my history in my profile, and although I realize it does reflect negatively on me, I can say that I have learned the importance of having good credit and I am fully committed to building it back up piece by piece. Yes, I have been irresponsible in the past, but I can say that I have honestly learned my lesson and want to live better. Having a child has a very sobering effect on your life, being such a young parent, and I am now seeing how much my credit impacts him as well as myself. WHAT I PLAN TO DO WITH THE LOAN: The purpose of the loan is for debt consolidation. I plan to pay off my credit card (plus the two my wife has), then pay off the old checks that are in collections. I also intend to get a secured card through my bank, linked to our savings account. I realize that it may not seem like a wise idea to get another credit card, even a secured one, but aside from my commitment not to repeat my prior mistakes, I know it is one of the best ways to build your credit up again. MONTHLY FINANCIAL DETAILS: INCOME Pizza Hut 585 Exxon 535 1120 EXPENSES (after loan) Rent 550 Utilities 60 Phone/LD 45 Insurance 55 Prosper 73 (1750 @ 26%) 783 1120 - 783 = $337 for misc expenses (food, diapers, etc |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 75752 | HELP WANTED: Better Credit Score, Inquire Within | HR | $2,250 @ 25% | Dec 18, 2006 | Expired |
| 77846 | HELP WANTED: Better Credit Score, Inquire Within (RELIST #1) | HR | $2,100 @ 26% | Dec 25, 2006 | Withdrawn |
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