Paying off credit cards to improve credit score
| Listing Information | |||
|---|---|---|---|
| Amount: | $16,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 26% |
| Lender Rate: | 21% | Borrower: | ajgilb |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-01-16 | EricsCC ROI: | 18% |
| Status History | |
|---|---|
| Jan 17, 2008 | Current |
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With my recent wedding and a recent business improvement I have taken on much credit card debt and thus lowered my credit score. I am a small business owner. I own two successful restaurants, one in San Francisco and one in Los Angeles. You can view the websites at: www.lunaparksf.com www.lunaparkla.com. The high balances, relative to the limits, on my credit cards have brought down my credit score. I have not been able to geta better rate on a better card. In some cases this high debt to credit ratio interfere with my business credit. It has become a bit of a catch 22 as the high interest keeps the balances high which in turn keeps my credit score low. I have not late payments or charge offs on my credit report, only high balances to available credit. I always pay my bills on time and am good with money. I want to refinance this credit card debt to one lender and improve me credit score. With a Prosper loan I can save nearly $750 per month in debt service. With my free income of about $1500 per month I will have more then enough money to service this loan. I am certain that should we have the occasion to do business you will be very pleased. Monthly expenses: $ Housing: $ 1800 Insurance: $ 200 Car expenses: $ Company Paid Utilities: $ 100 Phone, cable, internet: $ 50 Food, entertainment: $ 300 Clothing, household expenses $ 300 Credit cards and other loans: $ 1980 Other expenses: $ 500 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 248139 | Paying off high interest credit cards to improve credit | D | $25,000 @ 26% | Dec 10, 2007 | Withdrawn |
| 248405 | Paying off credit cards to improve credit score | D | $25,000 @ 28% | Dec 10, 2007 | Expired |
| 252428 | Paying off credit cards to improve credit score | D | $12,500 @ 28% | Dec 17, 2007 | Expired |
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