Pay off High Interest Credit Cards

| Listing Information | |||
|---|---|---|---|
| Amount: | $9,500.00 | Status: | Loan created |
| Grade: | B | DTI: | 0% |
| Lender Rate: | 13% | Borrower: | trumpnut |
| Finished | State: | NC | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-11-09 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Nov 09, 2007 | Current |
|
Purpose of loan: I will be paying off my high interest credit cards. My financial situation: I have always been responsible in paying my credit cards on time, but starting my own business I used up a lot of my available credit. In turn it slightly lowered my credit score and the "universal default" made my interest rates sky rocket! Now that my business is steady, paying off the credit cards will save me $400 a month in interest! Monthly net income: $ 3700 Monthly expenses: $ 2828 Housing: $665 Insurance: $41 Car expenses: $117 Utilities: $230 Phone, cable, internet: $110 Food, entertainment: $ 540 Clothing, household expenses $100 Credit cards and other loans: $975 Other expenses: $50 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 221946 | Pay Down Debt and Help Business Grow | B | $9,000 @ 17% | Oct 27, 2007 | Withdrawn |
| 222384 | Pay off High Interest Credit Cards | B | $9,000 @ 16% | Oct 28, 2007 | Withdrawn |
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