Listing Title



Loan Information

Loan Status: Defaulted (NAT/Charge-Off) Origination Date: 2006-10-26 Payments Made: 11 of 36 Total Payments: $8992.69 / $20000.00

Listing Summary

 

Borrower Info

Requested Amount: $20000.00
Lender Rate: 27.00%
Automatic Funding: Yes
Percent Funded: 100%
Monthly Payment: $816.50
 
Borrower: mtgbroker
Location: CA
Group: (NoGroup)
Group Fee: 0.00%

Credit Profile

Credit Grade: D Homeowner: No Account Verified: Yes Debt To Income: 24%

Extended Credit Data

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Listing Description

I am a Mortgage and Real Estate Broker in southern California.  Our business is growing very quickly and we need a loan to help cover the costs of expading and advertising.  We opened our doors in Feb 2005 and have been booming ever since.  We have done more in the first year and a half than most do in their first 5 years.  This next year we should tripple our revenue.  My bills are always paid on time.  I have not had a late payment in 6 years.  The only reason my credit is not at its best is because of a messy divorce 7 years ago.  Since then I have been working on getting my credit back to 800 where it used to be.  This loan will help our business venture reach the next step.