consolidating credit cards
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,500.00 | Status: | Expired |
| Grade: | D | DTI: | 29% |
| Lender Rate: | 9% | Borrower: | PJMAC |
| Finished | State: | TX | |
| Funded: | 0% | Group: | P2P Financial |
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Introduction: Hello, my name is Phil. I have recently completed an MBA and I work in the energy industry. Loan Purpose: I want to pay off my credit cards, which I ran up during graduate school, to improve my credit score. This loan will allow me to consolidate my credit payments and reduce finance charges. Credit Issues: My credit score is low because I have too many lines of credit open. I opened credit cards as well as retail charge cards during grad school in order to finance my education. I have no delinquencies. Repayment Ability: I make $80,000 per year, a 60% increase over last year. I expect to pay off this loan early. Monthly Income $6000 Debt PaymentRent $855 Student loans: $600 Credit Cards: $400 Utilities: $50 Insurance: $85 Car :No Car Payment TV: $60 Online: $40 Cell Phone: $20 Gas (car): $150 Food: $500 misc: $100 gym membership: $20 Total Expenses & Debt = $2970 *Total Cash Flow = $930 I am a good credit risk because my income is increasing and I am determined to pay off my miscellaneous debts as soon as possible. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 54450 | refinancing credit cards | D | $2,500 @ 12% | Oct 28, 2006 | Withdrawn |
| 69826 | growing income, and paying off credit cards | D | $4,000 @ 14% | Dec 04, 2006 | Loan created |
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