Paying off credit cards
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 50% |
| Lender Rate: | 15% | Borrower: | dougrj39 |
| Finished | State: | MI | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-03-06 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Mar 06, 2008 | Current |
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Purpose of loan: This loan will be used to consolidate my credit cards. My financial situation: we built a house in 2005 and got an education in unplanned expenses. That's why we've got so much credit card debt now. Consolidation will free up more funds to use for these unexpected expenses, so we can stop using the cards. I am a good candidate for this loan because I own a business that's experienced rapid growth since I bought it in January 2006. My business's DUNS rating is a 1. Sales grew 20% from 2006 to 2007. While my credit report does not show it properly, the car loan I have is actually paid by the business every month - it's a business-owned car. See my website at wbthompson.com for more information about what I do. Monthly net income: $ 5333.50, not counting any overtime I can pick up. Includes wages and a monthly $2000.00 shareholder distribution from my company. Monthly expenses: $4270.00 Housing: $935.00 Insurance: $300.00 Car expenses: $300.00 Utilities: $475.00 Phone, cable, internet: $240.00 Food, entertainment: $ 520.00 Clothing, household expenses $100.00 Credit cards and other loans: $1700.00 Other expenses: $ |
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