Consolidating Two High Interest Credit Cards from B of A
| Listing Information | |||
|---|---|---|---|
| Amount: | $9,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 73% |
| Lender Rate: | 14% | Borrower: | kspre |
| Finished | State: | WA | |
| Funded: | 100% | Group: | New Day Rising Loans |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-05-09 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| May 09, 2007 | Current |
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Purpose of loan: I would like to have a loan to help pay down my credit card debt. Two credit cards have recently received interest rate increases (23.99% and 27.99%) from Bank of America, which carry most of my debt. I can still handle these two cards' interest rates and my monthly expenses, but I would like to pay off my debt sooner. My financial situation: As a recent college graduate, I have accumulated much debt on my journey towards a B.A. However, I have only made a late payment once since beginning my credit history five years ago. In that instance, I was out of the country for a month and my check payment never made it through the mail. I have always been a strong financial manager even when I worked part-time. Currently, I am a team member at Target. I have been employed with them for over 3 years and have taken two promotions. I receive a guaranteed pay increase in May. In addition, I am eligible for another promotion from my current position when my one year commitment expires in June. I live with my parents but there is no rush from them to find my own place. I have no plans on moving until I feel I can sufficiently handle those additional expenses. My monthly budget: Mortgage/rent: $ 0 (Live with Parents) Insurance: $ 0 (Paid by Parents) Car expenses: $ 0 (Hold Title to two cars and are completely owned by myself) Phone, cable, internet: $ 125 Food, entertainment: Approx. $ 100 Clothing, household expenses $ 100 Credit cards and other loan payments: $ 588 after consolidation not including repayment of Prosper loan, $ 900 after Prosper loan (Parents contribute $ 150/mo. towards federal student loans) Other expenses: $ 200 for savings --------------------------------------- Total monthly expenses: $ 1113; $ 1425 with Prosper loan More about me: I have a B.A. in Political Science and have plans to attend law school once I've paid off my debts and gained work experience. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 127193 | Consolidating Two High Interest Credit Cards from B of A | B | $9,000 @ 14% | Apr 22, 2007 | Withdrawn |
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