Pay Off High Interest loan & cards
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Expired |
| Grade: | A | DTI: | 50% |
| Lender Rate: | 16% | Borrower: | JeffreyB |
| Finished | State: | CA | |
| Funded: | 0% | Group: | (No Group) |
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Purpose of loan: This loan will be used to? Hello. I am a comedian and recently created an advertiser supported original content comedy website/comedy destination (TheOuterNet.com) and in an effort to get it ready for a January launch, my wife and I took out a personal loan that was quick, easy, and already approved, and in addition it came with a high interest credit card. Unfortunately, the interest rate is @28%. The vast majority of my credit obligations are between 6% - 13%. But the site is built and the January launch is set and will have high quality original videos. I am looking to borrow $25,000 to pay off my highest interest debts. My credit report will show that I pay all my obligations in full and on time. I am also a homeowner and have lived in my present home @ 16years. Aside from my income, which is the only one listed, my wife makes @ $55,000/yr My debt to income ratio can be misleading, in that as a comedian, some years I work a lot touring, or as a writer/performer on television, or author, and then take time off to create. Also, It should be noted that on my credit report I co-signed for my son?s car. He makes the payments ($659/mo) and it is not part of my monthly obligations, however I assume it affects my DTI ratio. My financial situation: I am a good candidate for this loan because? I pay all my bills on time and have been earning a living at my profession for thirty years, and re-payment is not dependent on the success of my new comedy website. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 251565 | Pay Off High Interest loan | A | $13,750 @ 15% | Dec 16, 2007 | Loan created |
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