Shopping for better rates
| Listing Information | |||
|---|---|---|---|
| Amount: | $1,375.00 | Status: | Loan created |
| Grade: | C | DTI: | 13% |
| Lender Rate: | 12% | Borrower: | Boom00 |
| Finished | State: | CA | |
| Funded: | 100% | Group: | FUTURE FINANCIAL FREEDOM 1 |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-06-12 | EricsCC ROI: | 11% |
| Status History | |
|---|---|
| Jun 11, 2007 | Current |
| Mar 01, 2008 | Paid |
|
Purpose of loan: I am trying to get a lower interest rate on a current balance of a credit card. They actually increased my rate even though I pay more than the minimum amount every month, and have not added any new charges. I am trying to get this loan paid off as quickly as possible so that I can stop paying the interest and use that money to save and invest more. My financial situation: I am currently a graduate student in seminary and living with my parents, so my living expenses are very low. I am also working full-time, with a steady income. The company I work for reimburses me for tuition expenses, so my school expenses are also low. During my undergrad I got into some trouble with credit card debt, but I have been on a loan repayment schedule for the last four years. All of my creditors lowered my rates to 10% or below, except this one. This month, I paid off the first two accounts, and would like to speed up that process. It's a wonderful feeling. The delinquencies on my credit are from the date that I first entered the repayment program. The payment schedules will not be updated as current until the accounts are fully paid off.I have been on a solid budget for the last few years, putting money aside, and paying off my debts. I plan to continue paying more than the minimum amount on this account so that I can pay it off faster. A lower interest rate would help with this. My goal is to be debt free by the end of the year. It's a stretch, but possible. Thank you for taking the time to read my proposal. Monthly net income: $ 1213 Monthly expenses: $ 1213 Housing: $ 0 Insurance: $ 240 Car expenses: $ 120 Utilities: $ 0 Phone, cable, internet: $ 35 Food, entertainment: $ 80 Clothing, household expenses $ 88 Credit cards and other loans: $ 320 (including payment for this loan) Other expenses: $ 90 savings, $140 tithe, $100 education |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 141971 | Shopping for better rate on CC balance | C | $1,350 @ 16% | May 23, 2007 | Withdrawn |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|