Paying off high interest credit card
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 48% |
| Lender Rate: | 16% | Borrower: | sevanst |
| Finished | State: | GA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-02-05 | EricsCC ROI: | 13% |
| Status History | |
|---|---|
| Feb 05, 2008 | Current |
|
Purpose of loan: This loan will be used to? pay off a high interest credit card. My financial situation: I am a good candidate for this loan because? I have consistently paid my bills on time and have never defaulted on a loan or line of credit. In the process of changing banks, my new bank did not inform me that they would be placing a funds availabilty hold on deposits for the first 30 days. When the credit card company tried to withdraw the money from my new bank account (that had deposits sufficient to cover the payment), the request was returned unpaid. Thus, I lost my special promotional interest rate of 3.99% for the life of the balance, and the credit card company seized upon the opportunity to raise the interest rate. I am single, and currently living with and caring for my parents. Thus, I have no housing expense or utilities. (I am grateful to my parents for their support!) Monthly net income: $ 2,624.00 Monthly expenses: $ 2,560.00 Housing: $ 0 Insurance: $ 475.00 Car expenses: $ 150.00 Utilities: $ 0 Phone, cable, internet: $ 75.00 Food, entertainment: $ 300.00 Clothing, household expenses $100.00 Credit cards and other loans: $ 1200.00 Other expenses: $ 260 - church tithe |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|