Consolidate Credit Cards, Lower Interest Rate
| Listing Information | |||
|---|---|---|---|
| Amount: | $11,600.00 | Status: | Loan created |
| Grade: | B | DTI: | 26% |
| Lender Rate: | 13% | Borrower: | telecaster |
| Finished | State: | OH | |
| Funded: | 100% | Group: | A thru E graded Loans --> 100% borrower success rate |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-07-25 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Jul 25, 2007 | Current |
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$700 auto loan at 7.99% (paying $350 per month, so this will be gone in early september) $350 credit card @ 15.40% $1200 credit card @ 16.49% $2400 credit card @ 25.49% $7800 credit card @ 27.99% I have been with my current employer (a state university) for a little under six months. I changed jobs in mid-February for a better salary, better benefits, and shorter commute! Overall, I have been working in my field (Computer Programming) 3.5 years. I will be going back to school in the fall for an MBA but will have my tuition covered entirely by my employer because I work for the college I am getting my MBA from. I will only be going to school part-time and will continue working full-time. My monthly gross income is $3500 (9.5% of gross goes to retirement plan) My monthly net income is $2500 My fiancee's father is letting us live rent free in one of his rental properties so we can save up for a down-payment on a house. I am personally putting away $500 a month directly for this purpose. My monthly cash flow will look like this: --- income --- $2500 income --- expenses --- $500 to savings account set aside for down payment $225 food $150 misc $100 cable, internet, phones $100 gas $90 auto insurance Income: $2500 Expenses/Savings: $1165 Net: $1335 I did not include my car payment of $350 because I only have two months left on it. I plan to budget $500-650 per month on this loan which puts it between 1.5 and 2 years. I am also starting a Roth IRA and will be trying to contribute the max $4,000 per year ($333/month). |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 161645 | Pay Off Credit Card Debt Faster With Lower Interest Rate | B | $9,999 @ 15% | Jul 02, 2007 | Withdrawn |
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