Pay Off High Interest Credit
| Listing Information | |||
|---|---|---|---|
| Amount: | $4,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 14% |
| Lender Rate: | 14% | Borrower: | TeamLending |
| Finished | State: | IL | |
| Funded: | 100% | Group: | FUTURE FINANCIAL FREEDOM |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 4+ months late | Origination Date: | 2007-05-18 | EricsCC ROI: | -57% |
| Status History | |
|---|---|
| May 18, 2007 | Current |
| Mar 04, 2008 | Late |
| Mar 11, 2008 | Current |
| Jul 09, 2008 | Late |
| Jul 19, 2008 | 1 month late |
| Aug 19, 2008 | 2 months late |
| Sep 19, 2008 | 3 months late |
| Oct 19, 2008 | 4+ months late |
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Purpose of loan:I have four credit cards, which have interest rates higher than 25%. And even with paying on time, they will not lower my interest rate. So I want to use this loan to pay them off. I have shown good standing with my credit. And feel now is the time to just use credit for my home. I wish to pay the credit cards off and close three of them. My financial situation: I'm a hard working individual. Working two jobs. I have been a loan originator for eight years. I love that job, it is really rewarding. I also work as a Real Estate Agent. So I know the importance of paying bills on time. I try to only use credit for the essentials. If I get this loan it will lower my monthly payments by $200.00. Monthly net income: $4660.00 Monthly expenses: $ Housing: $ 1299.00 Insurance: $ 200.00 Car expenses: $ 340.00 Utilities: $ 70.00 Phone, cable, internet: $ 60.00 Food, entertainment: $ 150.00 Clothing, household expenses $ 50.00 Credit cards and other loans: $ 350.00 Other expenses: $ Additional Income(Border Income, Renter): $ +1,000.00Purpose of loan: |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 135487 | Pay Off High Revolving Credit | B | $4,000 @ 9% | May 10, 2007 | Withdrawn |
| 278478 | Pay Off High Interest Credit | C | $21,500 @ 9% | Feb 11, 2008 | Withdrawn |
| 278626 | Consolidating Debt | C | $21,500 @ 15% | Feb 11, 2008 | Withdrawn |
| 279328 | Consolidating Debt | C | $10,500 @ 22% | Feb 13, 2008 | Expired |
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