Consolidation and Investment
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|Loan Status:||Paid||Origination Date:||2007-02-21||EricsCC ROI:||15%|
|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|
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!