Credit Card Crusher
| Listing Information | |||
|---|---|---|---|
| Amount: | $18,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 15% |
| Lender Rate: | 15% | Borrower: | elo1121 |
| Finished | State: | FL | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Default | Origination Date: | 2008-01-09 | EricsCC ROI: | -52% |
| Status History | |
|---|---|
| Jan 09, 2008 | Current |
| Aug 24, 2008 | Late |
| Sep 10, 2008 | 1 month late |
| Oct 10, 2008 | 2 months late |
| Nov 10, 2008 | 3 months late |
| Dec 11, 2008 | 4+ months late |
| Dec 29, 2008 | Default |
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Purpose of loan: (explain what you will be using this loan for) I would like to collapse higher rate credit cards/signature loans into one lower payment. This will also allow for simplification of debt and the time it takes to ensure that it is managed correctly. Additionally the interest rate on the revolving credit is eating away at my income and I want to cut this type of debt back. My financial situation: (explain why you are a good candidate for paying back this loan) Have not missed any payments on any debt in the past 15 years. Solid income. Want to simplify finances. I am a B only because I have to much credit and would like to manage down. Monthly net income: $ 11,600 Monthly expenses: $ Housing: $ 1700 Insurance: $ 150 Car expenses: $ 500 Utilities: $ 150 Phone, cable, internet: $ 100 Food, entertainment: $ 800 Clothing, household expenses $ 200 Credit cards and other loans: $2,400 (total debt is $ 60,000, 30 K in signature, 30 K in credit cards) Other expenses: $ 2500 (child support/alimony) |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 244065 | Credit Card Management | B | $25,000 @ 10% | Dec 04, 2007 | Withdrawn |
| 244774 | Credit Card Management | B | $25,000 @ 14% | Dec 05, 2007 | Withdrawn |
| 247918 | Debt Management | B | $24,999 @ 16% | Dec 10, 2007 | Expired |
| 252118 | Credit Card Crusher | B | $20,000 @ 16% | Dec 17, 2007 | Expired |
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