Listing Profile Bid History Loan History

Listing Title


Loan Information
Loan Status: Current Origination Date: 2006-12-20 Payments Made: 24 of 36 Total Payments: $2975.03 / $3200.00

Listing Summary

  

Borrower Info
Requested Amount: $3200.00
Lender Rate: 20.95%
Automatic Funding: No
Percent Funded: 100%
Monthly Payment: $123.79
 
Borrower: dbconsult
Location: TX
Group: BORROWERSGROUP
Group Fee: 2.00%

Credit Profile
Credit Grade: HR Homeowner: No Account Verified: Yes Debt To Income: 12%

Extended Credit Data
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Listing Description
About Me/Us 

I had good credit up until late 2000 when my ex-husband and I decided to separate and get a divorce.  The divorce itself took almost two years and by the time it was final, in Aug 2002, our finances were in shambles.  During the separation period, almost no bills were paid.  The remainder of 2002 and all of 2003 were very difficult for my two sons and I;  however, with promotions, salary increases, and my oldest son starting college and covering his own expenses, 2004 was a much better year.   

In late 2004 I was able to sell my house, and renting it back until April of 2005, long enough for me to find a house near by (in the same neighborhood) where my youngest son would not have to change schools his last year of Jr. high.  By selling the house I was able to pay off my remaining debt, and in Feb 2006, purchased a 2004 used vehicle.  This year has been even better than last; I was promoted and now hold a salaried position, with a bonus plan.  However, since February, my new “used vehicle” has been in the repair shop three times, twice with very costly repairs, not covered by an extended warranty (entire cooling system, break system).  The first repair I was able to adjust the bills but the last two, the most costly, I ended up having to take out payday loans with very high interest to pay the repair bills.  Then in June my sister became very ill and had to move in until she could recover enough to take are for herself.  Last month she moved out, but the added expenses have taken there toll.

With the loan I plan to:  
Pay off 3 pay day loans totally                    $3,200  

Financial Specifics:
Monthly net income $5,123 including 732 in court order child support   
Total amount of all our expenses for a household of 1 adult, 1 child:
Recurring monthly payment; (car notes, student loans.) = $577
Recurring monthly bills (rent, insurance, cable, phone, electric, groceries, gas, etc.) = $1800
Recurring Payday Loan Interest 1,500
That leaves us with net monthly expenses of 3,877, leaving $1,246  

By paying off the Payday loans that would leave $2,746 

Repayment Plan:
I plan to pay off the loan in April when I receive my 10% bonus for the year.

I would like to thank you all in advance.I wish you all a happy holiday season