payoff high interest credit cards
| Listing Information | |||
|---|---|---|---|
| Amount: | $8,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 43% |
| Lender Rate: | 17% | Borrower: | martin11 |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2008-01-23 | EricsCC ROI: | 16% |
| Status History | |
|---|---|
| Jan 23, 2008 | Current |
| Mar 04, 2008 | Payoff in progress |
| Mar 07, 2008 | Paid |
|
Purpose of loan: This loan will be used to? consolidate high interest credit cards My financial situation: I am a good candidate for this loan because? I pay my bills. I have only been late once in my lifetime for late payment due not putting postage on bill. It was returned to sender. My credit score is a little in accurate. It should be higher. I will explain. I obtained my first loan at the age of 14 when I had a paper route. I purchased a bike. I have been with the same bank for over 25yrs now. I have had numerous loans through them. I would say atleast 15. What I did was I received a credit report and my score was in the mid 700s. I read how you can increase your score by closing some of your accounts. So that is what I did. I closed all of my accounts that had no balance. I closed around 40 accounts on my credit report. I was left with one account which was my house which I purchased in 1993. I wasnt able to obtain any credit for a while due to the fact I had no credit history even though I showed that I had been making payments on my home without any late or delinquent payments. So, I started opening credit cards accumulating some balance on them. Now I have a couple of cards with an increasing interest on them. I would like to pay this off and keep the current accounts active. So I can continue building my credit back up again. please keep in mind my pay but my wifes pay combined we make over 100k. Monthly net income: $ 8700 Monthly expenses: $ Housing: $ 1975 Insurance: $ 115 Car expenses: $ 650 Utilities: $ 300 Phone, cable, internet: $ 200 Food, entertainment: $ 200 Clothing, household expenses $ 200 Credit cards and other loans: $ 500 Other expenses: $ 200 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 263091 | pay off credit card bills | B | $8,000 @ 16% | Jan 10, 2008 | Withdrawn |
| 290340 | GUARANTEED | A | $23,000 @ 9% | Mar 08, 2008 | Withdrawn |
| 306347 | paying off credit card | A | $23,000 @ 14% | Apr 08, 2008 | Expired |
| 337168 | paying off credit card | B | $5,000 @ 14% | May 22, 2008 | Loan created |
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