Good Income, Strong Desire to Improve Credit !!!
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,500.00 | Status: | Loan created |
| Grade: | HR | DTI: | 5% |
| Lender Rate: | 22% | Borrower: | gw6666 |
| Finished | State: | TX | |
| Funded: | 100% | Group: | P2P Financial |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Default | Origination Date: | 2007-01-17 | EricsCC ROI: | -52% |
| Status History | |
|---|---|
| Jan 20, 2007 | Current |
| Apr 02, 2007 | Late |
| Apr 18, 2007 | 1 month late |
| Apr 26, 2007 | Current |
| May 04, 2007 | Late |
| May 09, 2007 | Current |
| Aug 02, 2007 | Late |
| Aug 18, 2007 | 1 month late |
| Sep 18, 2007 | 2 months late |
| Oct 18, 2007 | 3 months late |
| Nov 23, 2007 | 4+ months late |
| Dec 27, 2007 | Default |
|
Introduction: Hello, my name is Glen, I am married with 4 wonderful children. I am in my 9th year as a Billing Clerk for Roadway Express. I also own together with my wife a web based business out of our home. Loan Purpose: I want to pay off some old debts and improve my credit score and work toward expanding our business to generate a steady flow of income. Credit History: My wife lost her job approximately 2 months ago and as with most people I fell behind on some accounts and by not keeping my payments current really hurt my credit rating. By the time I was able to eliminate some debt by selling her car, saving $412 per month plus insurance and gas I was so far behind on other payments that I couldn?t catch up. I realize that good credit is everything. I am currently working diligently to pay off all my prior debts. This loan will also help me pay off prior debt to clean up my credit. Repayment Ability: My current income as a Billing Clerk is $45,000 per year with an additional income of approximately $4000-$5000 from the web business that will significantly increase with some investment from this loan. Here is a copy of our monthly budget to prove we have strong cash flow to repay this loan: Monthly Income: Income Billing Clerk - $3,275 (net)Web Business -$400-500 Total $ 3,675+ Expenses: Mtg. $ 1123.00 Car $422 Credit Cards $ 50.00 Prosper Payment $145 Utilities $400.00 Gas $50.00 Insurance $80.00 Gas (car) $200.00 Food $500.00 Misc Exp $100.00 Total Expenses & Debt = $3,070 Total Monthly Cash Flow after Debt and Expenses: $605 So as you can see I can easily afford the loan and my credit issues are in the past. I have a strong desire to improve my credit score and pay this loan on time each month. Thanks for reviewing my request. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 77148 | Expand business and payoff bad debt. | HR | $5,000 @ 29% | Dec 21, 2006 | Expired |
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