Consolidation Loan DTI Explained
| Listing Information | |||
|---|---|---|---|
| Amount: | $11,700.00 | Status: | Loan created |
| Grade: | B | DTI: | 220% |
| Lender Rate: | 16% | Borrower: | Our3Kids |
| Finished | State: | MO | |
| Funded: | 100% | Group: | People lending to People |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-02-20 | EricsCC ROI: | 16% |
| Status History | |
|---|---|
| Feb 17, 2007 | Current |
| Mar 12, 2008 | Payoff in progress |
| Mar 17, 2008 | Paid |
|
Loaning money to our family is a safe investment which will reward you with a much better interest rate than you will ever get at a bank. My DTI My salary is only around $5000.00 a year. Since we cannot list our household income this is all that shows on my debt to income ratio. My husband makes $72,0000.00 a year, otherwise I obviously couldn't afford even the most basic things. I have been fortunate enough to be a stay at home mother, a job I take with the greatest of pride. Since all of my children have started school I was able to procure work as an aide, providing a modest salary but saving me from paying for child care. Here is the summary of our total debt,
The only other payments we have is our Mortgage $671.00 or $62000.00 4 wheeler $118.00 or 3900.00 75.00 monthly or $700.00 (no interest) for our daughters braces. The braces payment will stay in place for another 2 years as our son is getting them in March when our daughters are payed off. Other than these we have only our household expenses electric, water, food, clothing and car insurance. We own 3 vehicles 2 paid in full. I understand that only my income is counted and not my household income. My husband has a second job and makes around $5000.00 per year. Please feel free to ask questions, I can verify my income with last years tax return or this years W2. Thank you for considering our loan, we look forward to investing in the future of others as well. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 82281 | Investing for my Kids DTI misleading | B | $1,000 @ 10% | Jan 07, 2007 | Withdrawn |
| 83770 | Debt Consolidation for lower interest rate DTI Misleading | B | $11,400 @ 13% | Jan 10, 2007 | Withdrawn |
| 85694 | Relisting @ Higher Interest Rate Consolidation Loan | B | $11,400 @ 17% | Jan 16, 2007 | Withdrawn |
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