One step at a time: paying off my high interest credit card
| Listing Information | |||
|---|---|---|---|
| Amount: | $4,900.00 | Status: | Loan created |
| Grade: | C | DTI: | 60% |
| Lender Rate: | 16% | Borrower: | pursuing_my_american_dream |
| Finished | State: | OK | |
| Funded: | 100% | Group: | Pr*mise Keepers - Guaranteed funding for low-risk borrowers |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-02-07 | EricsCC ROI: | 13% |
| Status History | |
|---|---|
| Feb 06, 2008 | Current |
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Purpose of loan: This loan will be used to pay off a high interest credit card. My financial situation: I am a full-time student with a part-time job. I would like to improve my credit score/grade and save some money by paying off one of my high balance, high interest credit cards. I am in an interest rate cap state and am willing to pay the maximum interest rate of 17.78%, which is still a huge difference compared to my 31.24% credit card. I am a very hard-working young woman and am trying to improve my credit score so that I can find a car that is more reliable than the one I currently drive. I understand I need to take one step at a time to improve my financial situation before this is possible. Please read my member profile to learn more about my future goals. If upon reading that description you still have questions about this listing, please don't hesitate to send me a message. Monthly net income:$ 970 * I am fortunate enough to have family members who cover tuition and housing expenses, including utilities. Monthly expenses: $734 Housing: $ 530* Utilities: $210* Car expenses: $200 Groceries: $280 Credit cards: $254, please see my chart below Balance Interest Rate Monthly Payment 435.55 31.49% 19.00 4,753.20 31.24% 215.00 <-------The account I want to consolidate 103.00 23.90% 10.00 50.00 19.80% 10.00 Paying off this credit card with a prosper loan will save me almost $40 a month, which I could use to put away in savings to eventually pay for a "new" used car. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 266990 | Please help me pursue my American dream... | C | $10,310 @ 18% | Jan 17, 2008 | Withdrawn |
| 267303 | buying a reliable used car and paying off a credit card | C | $10,310 @ 18% | Jan 17, 2008 | Withdrawn |
| 271379 | please help me find a good car [OK state interest cap] | C | $7,500 @ 18% | Jan 25, 2008 | Expired |
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