Pay Off High Interest Credit Cards
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 35% |
| Lender Rate: | 20% | Borrower: | kisses8808 |
| Finished | State: | UT | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-07-16 | EricsCC ROI: | 16% |
| Status History | |
|---|---|
| Jul 13, 2007 | Current |
| May 01, 2008 | Late |
| May 24, 2008 | Current |
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Purpose of loan: The purpose for this loan is to pay off some high interest credit cards. When my long-time boyfriend and I moved in together about 6-months ago we ran into many un-forseen expenses - renting a moving truck, a bed, a fridge, etc. We didn't know what to do so we charged up both of our credit cards. Now the interest is killing us, and we are looking for way to consolidate all our payments into one, lower interest, option. My financial situation: I am a good candidate because there are 2 incomes to pay back this debt. My boyfriend and I both have stable jobs that we have been at for a long time. We both work full-time, and are very dedicated to paying back money that we owe. I have a relatively low credit score because I am just starting out. I am 21 years old, with a car payment and a few credit cards - that is it. None of my accounts have ever been delinquent, I have never even been late with a payment. My income to debt ratio is low, and there will be no problem paying back this loan! Monthly net income: $ I work 2 jobs which nets about $1,500 every month Monthly expenses: $ Housing: $0 - Rent is not payed by me. Insurance: $100 Car expenses: $230 Utilities: $40 Phone, cable, internet: $100 Food, entertainment: $100 Clothing, household expenses $150 Credit cards and other loans: $0 - This loan would take care of all my other loans. Other expenses: $0 That would leave more than $700 each month to back this loan! |
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