Relist:Loan to pay off high interest credit cards & tuition
| Listing Information | |||
|---|---|---|---|
| Amount: | $20,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 42% |
| Lender Rate: | 15% | Borrower: | XSSeries |
| Finished | State: | CA | |
| Funded: | 100% | Group: | No Bull Investors - We Invest In Good Borrowers |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-08-13 | EricsCC ROI: | 14% |
| Status History | |
|---|---|
| Aug 10, 2007 | Current |
| Dec 08, 2007 | Payoff in progress |
| Dec 13, 2007 | Paid |
|
I need your help. I am not giving up on trying to get rid of my revolving credit card debt. Purpose of loan: I will use this loan to pay off high interest rate credit cards and my last year of college. My credit card interest rates range from: 19.99% to 29.99%. I want a loan that is amortized over 3 years so my wife and I can become financially free. I want to increase my credit score. It took my years to learn that you should use credit for convenience, not for credit. Revolving debt sucks! My financial situation: My wife and I have alot of credit card bills. If I paid my last disposable dollar to my credit cards, it would still take me 9 years to pay them off. Monthly net income: Net income-----------------------------------------------$3996 (disposable income) Monthly expenses: Rent $1070 Car payment 1 $ 296 Car insurance $ 160 Utilities $ 60 Discover Card $4000 (will pay off) Citibank $3500 (will pay off) Providian $3200 (will pay off) Amex $3000 (will pay off) Amex $1600 (will pay off) Chase $ 800 (will pay off) Providian $ 300 (will pay off) Groceries $ 200 Gas $ 250 Total bills-----------------------------------------------($2036) before Prosper loan Free cash flow after bills excluding Prosper $1960 Less Prosper loan ($ 800) Free cash flows to eat out and invest-----------$1160 My personal info: I am a Rental Associate for a major truck leasing company and have been for over 6 years. My wife is a Marketing Coordinator. Currently, I am an Accounting student at California State University, Fullerton. My graduation date is May 2008. My plan is to intern at an Accounting firm during my last year. When I graduate, I will work as a Staff Accountant. My wife graduated from the same school in Business Administration with an emphasis in Entreneurship. After obtaining enough professional experience, my wife and I want to venture |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 162218 | Loan to pay off high interest credit cards & college tuition | D | $20,000 @ 22% | Jul 06, 2007 | Expired |
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