Debt free by 2009!

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Listing Information
Amount: $17,500.00 Status: Loan created
Grade: B DTI: 27%
Lender Rate: 12% Borrower: Octavia
Time Left: Finished State: NY
Funded: 100% Group: BORROWERS - Free instant Listings - LARGEST GROUP
Loan Information
Loan Status: Current Origination Date: 2007-04-03 EricsCC ROI: 9%
Status History
Apr 03, 2007 Current
Hello!

I am 23 years old woman living in upstate New York with my boyfriend of three years. I plan to use the proceeds from this loan to eliminate all of my credit card debt in order to be entirely debt free by the time I am 26.  I don't have any other debts since I own my car outright and rent my apartment, so paying this loan will be my first priority.

I have always been responsible with my finances.  During college and immediately after I graduated (when I was 20, with a bachelor's degree) I essentially lived off of my credit in order to make ends meet while working part time.  My credit grade is a B only because I have such a high total amount of debt.  I have never, not even when I was living on $12,000 a year, made a late payment and I don't intend to start now. 

I have been with my current employer, represented by a union, for two years and I make a little over $45,000, which will increase slightly in April.  My net income each month is $2,400.  I am currently paying $800 each month toward my creditors while also saving $150 each month, so the monthly payments on this loan will actually be easier to make than the revolving payments I am making now! 

By bidding on this loan, you will be helping me to secure my financial future.  Please feel free to ask any questions you may have!
Borrower's Other Listings
476 Paying off credit cards from college (tuition, books) A $16,500 @ 8% Feb 18, 2006 Withdrawn
539 Paying off credit cards from college (books, tuition) A $17,000 @ 8% Feb 20, 2006 Withdrawn
109250 Pay off high interest credit cards B $17,500 @ 13% Mar 10, 2007 Withdrawn

 

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