Consolidate High Rate Credit Cards
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,100.00 | Status: | Expired |
| Grade: | D | DTI: | 30% |
| Lender Rate: | 24% | Borrower: | SDB852 |
| Finished | State: | KY | |
| Funded: | 0% | Group: | (No Group) |
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Purpose of loan: I am a single mom of two small children ages 4 and 6. I have been divorced for a little over a year. I have several high interest rate credit cards that I used over the past year while adjusting to life on my own. After the divorce was final, I had a few months without my financial settlement and child support to live on. This is where I had to rely on these cards to get by, and with the interest rates being so high I cannot begin to make a dent in them. I have finally gotten adjusted and budgeted based on my income and necessary expenses. Now life in general is settled in and great, the only thing left to "adjust" is the financial aspect. That is why I need to consolidate these high rate credit cards. My financial situation: I have a full time job with a steady income. I also get child support payments every two weeks on top of my salary. I own my own home and have approximately $20,000.00 equity built up in it. I could get a home equity loan but feel that I can take care of this with a debt consolidation loan without having to put a second mortgage on my home. Monthly net income: $ 3850.00 Monthly expenses: $ Housing: $ 1150 Insurance: $ 100 Car expenses: $ 150 Utilities: $ 225 Phone, cable, internet: $ 200 Food, entertainment: $ 200 Clothing, household expenses $ 150 Credit cards and other loans: $ 550 Other expenses: $ 500 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 215932 | Consolidate High Rate Credit Cards | D | $15,200 @ 17% | Oct 14, 2007 | Loan created |
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