Quickly paying off high interest credit cards
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,600.00 | Status: | Loan created |
| Grade: | B | DTI: | 16% |
| Lender Rate: | 10% | Borrower: | rhnumber11 |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-11-13 | EricsCC ROI: | 8% |
| Status History | |
|---|---|
| Nov 10, 2007 | Current |
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Purpose of loan: To pay off high interest credit cards I used while in college. My financial situation: In the past 2 months I have already paid $2,800 towards these cards. My goal is at least $1,000 a month towards them. I WILL have this loan paid off before next summer. I am looking for a loan here because even an interest savings of 10% (15% here vs. 25% on the cards) will go a long way. Monthly net income: $ 3,500 Monthly expenses: $ Housing: $ Family owned property Insurance: $Health covered by work/no car Car expenses: $ don't drive Utilities: $ 0 Phone, cable, internet: $ 100 Food, entertainment: $ 500 Clothing, household expenses $ 0 Credit cards and other loans: $ 300 Other expenses: $ 0 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 413772 | Loan to get online business off the ground | B | $15,000 @ 18% | Oct 14, 2008 | Cancelled |
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