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Pay Off Car Consolidate High Interest Credit Cards

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Listing Information
Amount: $5,500.00 Status: Loan created
Grade: C DTI: 38%
Lender Rate: 20% Borrower: joypain
Time Left: Finished State: MO
Funded: 100% Group: BORROWERS - Free instant Listings - LARGEST GROUP
Loan Information
Loan Status: 4+ months late Origination Date: 2007-08-16 EricsCC ROI: -66%
Status History
Aug 15, 2007 Current
Jul 09, 2008 Late
Jul 17, 2008 1 month late
Aug 19, 2008 2 months late
Sep 17, 2008 3 months late
Oct 17, 2008 4+ months late
Purpose of loan: I will be paying of my car and consolidating my higher interest credit cards.  Credit cards listed below:

Household - $972.00
Providan - $ 1,076.00
HSBC - $ 1472.00
First Primer - $ 162.00
JC Penny - $ 1,148.00
Direct Merchant - $ 276.00

My financial situation:
Because I am employed full time I will be well able to make the required monthly payments for this loan.  I began a business that I have had to close and my personal finances fell behind, however, with this loan I can regain financial composure and move forward.

My monthly budget:
Mortgage/rent: $515.00
Insurance: $125.00
Car expenses: $380.00
Utilities: $75.00
Phone, cable, internet: $125.00
Food, entertainment: $100.00
Clothing, household expenses $50.00
Credit cards and other loan payments: $700.00
Other expenses: $50.00
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Total monthly expenses: $ 2120.00
Borrower's Other Listings
120587 National Key Recovery Service C $25,000 @ 22% Apr 08, 2007 Withdrawn
120707 Consolidate & Build National Brand C $25,000 @ 21% Apr 08, 2007 Expired

 

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