Consolidation and Investment
| Listing Information | |||
|---|---|---|---|
| Amount: | $22,500.00 | Status: | Loan created |
| Grade: | B | DTI: | 77% |
| Lender Rate: | 16% | Borrower: | DC_CPA |
| Finished | State: | MD | |
| Funded: | 100% | Group: | Lend2's Group |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-02-21 | EricsCC ROI: | 15% |
| Status History | |
|---|---|
| Feb 21, 2007 | Current |
| Jan 07, 2009 | Late |
| Jan 22, 2009 | 1 month late |
| Mar 07, 2009 | 2 months late |
| Mar 23, 2009 | 3 months late |
| Apr 23, 2009 | Default |
| Aug 24, 2011 | Paid |
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Hello- These funds will be used to consolidate approximately $20,000 of high-interest credit cards into a lower payment that gets paid off earlier. The payments total just over $1,000 right now, after the loan they should total just above $800. The remaining funds will be used to develop and deliver marketing materials that will help grow my real estate business. The DTI stated is wrong; it's based on allocating all of our debts to my personal income. It is actually just under 30%, which is still admitttedly high. We have owned our home for 17 years now and have been successfully self-employed for over 6 years. I am a CPA and have recently gained my real estate license. We have no late payments on our record. Thanks for your consideration! |
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