Pay off high interest credit cards

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Listing Information
Amount: $5,000.00 Status: Loan created
Grade: B DTI: 89%
Lender Rate: 13% Borrower: Chris000
Time Left: Finished State: IL
Funded: 100% Group: (No Group)
Loan Information
Loan Status: Paid Origination Date: 2007-12-06 EricsCC ROI: 12%
Status History
Dec 05, 2007 Current
Aug 27, 2010 Payoff in progress
Sep 02, 2010 Paid
Purpose of loan:
This loan is for paying off all of my revolving debt.

My financial situation:
I recently got a part time job to pay off my credit cards and I am easily making the monthly minimums plus sum.  However, I know I will pay the debt off faster if I am paying at a lower interest rate.  My monthly income may look low but all of my living expenses are paid for from other sources so all of my income from my part time job can go towards paying off the debt

Monthly net income: $
$600-$800

Borrower's Other Listings
222302 Pay off high interest credit cards B $8,500 @ 16% Oct 27, 2007 Expired
421425 Paying off credit card B $10,000 @ 32% Aug 24, 2009 Expired
503679 Loan to pay off tuition balance C $10,000 @ 17% Apr 25, 2011 Loan created

 

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