Lowering my interest rate!!!
| Listing Information | |||
|---|---|---|---|
| Amount: | $20,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 26% |
| Lender Rate: | 18% | Borrower: | sarahrt |
| Finished | State: | IN | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 4+ months late | Origination Date: | 2007-10-31 | EricsCC ROI: | -52% |
| Status History | |
|---|---|
| Nov 01, 2007 | Current |
| Mar 17, 2008 | Late |
| Apr 01, 2008 | 1 month late |
| Apr 12, 2008 | Current |
| Jun 15, 2008 | Late |
| Jul 09, 2008 | 1 month late |
| Aug 01, 2008 | 2 months late |
| Sep 01, 2008 | 3 months late |
| Oct 01, 2008 | 4+ months late |
|
After asking for people to review my listing...I took your advice. I withdrew from my group and raised my interest rate. The interest rate is the max for my state. Purpose of loan I am going to be using the loan to pay off credit cards that have become out of control due to a program I entered that I thought would help. I have 3 major credit cards, all which total 19600. The interest rate on these CC are high and I would like to consolidate to lower the interest rate I have those stupid 3 credit cards that I screwed up on with the company. Currenlty they are considered charged off, but I am making outrageous payments to the companies. The DQ's will not come off my account until I can pay those off. The payments I am making do not show up on my score until then. I am looking for the loan to do that. In return it will impove my credit score. My financial situation: Currenlty, my husband and I own our home and have never been late on a payment. I entered a program to help get out of debt 2 years ago. The program hurt me more than it helped. I made a bad decsion with using this company. I would like to settle these accounts and start fresh. I work full time as a recreational therapist and I love my job. I have been with the company for 7 years. Before we got married, my husband and I both carried debt into the marriage. We decided we both wanted to take care of our previous debt independently. I want to eliminate this to be able to give more to my family and live a little less stressed. :) On Aug 9th, we had our first child. I would like to get these cc paid off with a lower interest rate and a shorter amount of time. (Monthly net income: $ 1520 Monthly expenses: $ Housing: $ 400 Insurance: $ 58 Car expenses: $ 100 Utilities: $ my husband pays Phone, cable, internet: $ husband pays Food, entertainment: $ 100 Clothing, household expenses $ husband pays Credit cards and other loans: $ 777 Other expenses: $ 85-BABY STUFF :) With this loan...I will be able to eliminate the credit card portion to pay off those cards with a lower interest rate. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 210866 | Starting over...getting rid of bad CC debt | A | $20,000 @ 16% | Oct 04, 2007 | Expired |
| 214409 | Starting over...getting rid of bad CC debt | A | $19,700 @ 16% | Oct 11, 2007 | Withdrawn |
| 215683 | Lowering my interest rate!!! | A | $20,000 @ 16% | Oct 14, 2007 | Withdrawn |
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