This is for a personal loan of 40,000 to 50,000 dollars. The borrower just finished a divorce and her ex-husband has not made his support payments. Luckily she has a full time job to try and make ends meet, but she has been living with relatives and needs to buy her own house. The 50K would go to a down payment by the sounds of it, which most lender don’t like approving – they like to see clients come up with the down payment from their own assets, and not borrow the down payment. Then the debtor is in debt for the entire home, and could walk away from their financial responsibilites. The banks want to see that you have something lose if you default out on your part of the deal.

Loan Product – Mortgage Loan

Why do you need a loan? - I have recently been divorced and I have three children.  We have been staying with family for four months but it is time for us to find something of our own.  My ex-husband has not done his part but I can do this on my own.  I just need the chance, and for someone to be willing to take the risk and chance – allow me to prove that I will be honest and competent.

I will repay this if given the opportunity, my marriage was filled with debt and loss. I helped him to clean his credit and within a year of it being in good standing, he had created the same (if not more) debt.  Now it is both of ours and I am alone with children trying to start over and rebuild, again.

How Much Do You Want To Borrow? – Between $40K – $50K

Length of Employment – Over 3 Years

Time at Address – Under 6 Months

Age – Over 30

Anything else that would help us get your loan approved – I am so scared, but I do have money in savings and I add to it every paycheck.  I am willing to have a co-signer if it is nessasary.  I have a family who is trying to be supportive and understanding.

Sex – Female

Marital Status – Divorced

Ever Claimed Bankrupcty? – No – never

What City/Town  is your primary address in? – Long Beach California

Have you checked your credit report lately? – No

Would you consider your credit rating to be? – Poor

Collateral? – No

Down Payment? – Yes

If down payment, how much? - I have $2100 in a savings account at this time.  I add $25.00 a week but am intending on raising that amount if I ever receive child support payments.

Do you a have co-signer or co-borrower? – Yes

Employment Industry – I work at a Ralph’s Convenience store.  I have been  in various positions including management. They have been a very supportive company and allowed me time to grieve over the loss of my marriage and they have helped me transfer to a new City with a secure place to work.