Consolidate revolving debt on established business
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Withdrawn |
| Grade: | C | DTI: | 83% |
| Lender Rate: | 10% | Borrower: | whitsend |
| Finished | State: | LA | |
| Funded: | 0% | Group: | PsychDoc's Group |
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I have a revolving account that I want to consolidate and lower the interest. The loan was used to expand my part-time vending business. I currently use all the profits from my vending business to grow my business and pay off business debts. My personal bills are all paid from mine and my wifes full time job. I am currently paying $450 per month on the account and will now use this money to pay this debt. MY BUSINESS: In July 2004 I bought my first fullsize snack machine to put I a small local hospital. I now have 4 fullsize snack machines, 1 cold food machine, 4 soda machine, and 1 combo machine on location. Total sales from these machines is $1000-$1200 per week. DEBTS TO BE CONSOLIDATED: GE LOC 15000 20% I have chosen auto fund and listed at the highest rate available for my state. My credit grade has went down since my last listing due to higher utilization. The extra debt has been used to increase my cash flow in my business and pays for itself plus extra. I have always been on time with my current prosper loan and will continue the same ontime payments on this one. Thanks for your support. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 23872 | Consolidate revolving debt | B | $10,000 @ 13% | Jul 10, 2006 | Loan created |
| 313779 | Business Debt Consolidation | B | $15,000 @ 21% | Apr 25, 2008 | Expired |
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