family man paying off high interest credit cards
| Listing Information | |||
|---|---|---|---|
| Amount: | $6,500.00 | Status: | Loan created |
| Grade: | B | DTI: | 32% |
| Lender Rate: | 12% | Borrower: | dogmates |
| Finished | State: | NE | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-11-09 | EricsCC ROI: | 9% |
| Status History | |
|---|---|
| Nov 09, 2007 | Current |
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Purpose of loan: (explain what you will be using this loan for) Pay off high interest credit cards. My financial situation: (explain why you are a good candidate for paying back this loan) My wife & I have paid off over $40,000 of credit card debt in the past 5 years. WeI have tremendously changed our spending pattern, by operating our budget on a cash only basis unless company requires use of a credit card (such as when we rent a car from certain car rental companies) My family & I are on a written budget for everything, not a penny leaves our household unless it was previously planned on paper. This method has dramaticallyenabled us to pay of our debts much faster than previously & increased my credit rating over the past 3 years. We are 1 year from becoming debt free Monthly net income: $ Me & my wife make total of $60,000 per year $40,000 of which is my salary. Monthly expenses: $ Housing: $ 1048 Insurance: $ 98.00 Car expenses: $ 129.00 Utilities: $ 114 Phone, cable, internet: $ 96.00 Food, entertainment: $ 310 Clothing, household expenses $ 50 Credit cards and other loans: $ 400 Other expenses: $ |
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