Consolidating and paying down high interest credit cards
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 48% |
| Lender Rate: | 12% | Borrower: | jbotknitty1104 |
| Finished | State: | FL | |
| Funded: | 100% | Group: | Lend2's Group |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-03-26 | EricsCC ROI: | 8% |
| Status History | |
|---|---|
| Mar 24, 2007 | Current |
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My name is Jessica and I am 24 years old. I am asking for this loan in order to consolidate/pay off my credit card debt as quickly as possible. I don't use my cards, and I always pay on time and over the minimum. I pay from $230-$250 per month in credit card bills. My debt-to-income ratio before this loan is 30%, and it is high because I took on the burden of my high student loan debt because my parents could not (I attended and graduated with a BFA from Ringling School of Art and Design). Here is a a breakdown of my monthly expenses: I make about $300 per week which amounts to $1200 per month. rent is $270 utilities $65 student loan payment $65 phone $65 groceries $100 credit card payment will be eliminated if this loan is funded This loan will cost me about $250 per month. $1200 $270 $65 $65 $65 $100 -$250 ----------- $385 remaining I have just started out my career as a hairdresser and am not the assistant/junior stylist in a nice salon here in Sarasota. I expect my income to skyrocket over the next year. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 94170 | Consolidating high interest credit card debt | B | $7,200 @ 7% | Feb 06, 2007 | Withdrawn |
| 100320 | Paying off higher interest rate credit cards | B | $7,000 @ 12% | Feb 16, 2007 | Expired |
| 102835 | Pay off credit card, high DTIR due to student loans! | B | $5,000 @ 11% | Feb 23, 2007 | Withdrawn |
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