Pay Off High interest Payday loans
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,500.00 | Status: | Loan created |
| Grade: | E | DTI: | 22% |
| Lender Rate: | 23% | Borrower: | GolferDee |
| Finished | State: | CA | |
| Funded: | 100% | Group: | Psalms 1:1-3 |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Late | Origination Date: | 2007-08-16 | EricsCC ROI: | 18% |
| Status History | |
|---|---|
| Aug 15, 2007 | Current |
| Oct 01, 2008 | Late |
| Oct 17, 2008 | 1 month late |
| Oct 24, 2008 | Current |
| Oct 31, 2008 | Late |
| Nov 18, 2008 | 1 month late |
| Nov 19, 2008 | Current |
| Dec 01, 2008 | Late |
|
Purpose of loan: The transmission on my car went out and I didn't have the cash on hand to pay for the repair at the time so I took out 1500 in payday loans to get my car fixed, that was a huge mistake the payments are costing me $300 every other week with no end in sight. The payments are draining all my extra cash and I've had to resort to using my credit cards to pay my regular bills. I would use the leftover money to lower my credit card balances back down to where they were before I maxed them out to pay the interest on the payday loans. 1.Providian Visa Card $2000.00 limit at 21% APR, currently $1990.00 Balance 2. Wamu Mastercard $1000.00 limit at 19% APR, currenetly $980.00 Balance I want to get these down to below 35% of my credit limit. My financial situation: I make pretty good money but these payments keep getting me deeper and deeper in trouble. Paying off these loans would immediately change my life, as I would be able to use the extra money to pay down my credit cards and also be able to save. I love to golf but I just can't afford that activity anymore. The delinquency on my record was caused by making a payment using Capital One's Internet payment system I have now paid Capital One off and it is not in my wallet! I mistakenly believed that it would be credited to my account the same day the payment was submitted but I learned that it took 3 days, which was 2 days past the deadline I was given. The delinquency should be coming off my record soon but I don't know how long that takes. I will be paying back your loan with payments being taken directly out of my checking account; therefore I won't be late making any payments. Monthly net income: $ 2650 Monthly expenses: $ Housing: $ 795 Insurance: $ 70 Car expenses: $ 140 Utilities: $ 35 Phone, cable, internet: $ 230 Food, entertainment: $ 400 Clothing, household expenses $ 50 Credit cards and other loans: Credit Cards $240, Capital One $350 + ($ 600 payday loans) Other expenses: $ Outside of paying bills my passion is golf. I've played courses all over California. Nothing gives me more pleasure than being on a beautiful course and being totally oblivious to the scenery around me because I just hit the worse shot of my life. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 176374 | Pay Off High interest Payday loans | E | $3,500 @ 29% | Jul 25, 2007 | Expired |
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