Clearing a personal credit card used for business purchases
| Listing Information |
| Amount: | $9,500.00 |
Status: | Loan created |
| Grade: | A |
DTI: | 46% |
| Lender Rate: | 18% |
Borrower: |
louisianalady
|
| Time Left: | Finished |
State: | LA |
| Funded: | 100% |
Group: |
FUTURE FINANCIAL FREEDOM
|
| Loan Information |
| Loan Status:
| Current |
Origination Date:
| 2007-03-20 |
EricsCC ROI:
| 14% |
| Status History |
| Mar 20, 2007 |
Current |
I am now the owner of my family's 30 year old promotional products distributorship. I am making this loan to pay off a personal credit card I used to purchase products for my business. The credit card is for my husband and me. I want to keep my business debt seperate from my husband's. I would like to borrow the money and pay it off over time so that I don't have to put a squeeze on my cash available to run my business. I only listed my income from my part time job. My husband's income takes care of all of our household expenses and our auto and house loans. I did not include my net income from my business because I have not prepared my 2006 income tax return yet. I estimate my 2006 net income for my business to be about $18,000.
I am very impressed with this business community and hope to be able to participate as a lender in the future. |
| Borrower's Other Listings |
| 104071 |
Increase Cash Flow for Growing Business |
A |
$15,000 @ 13% |
Feb 27, 2007 |
Withdrawn |
|
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