Paying off my credit cards
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 15% |
| Lender Rate: | 14% | Borrower: | MeursaultCharmes |
| Finished | State: | IL | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-03-25 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Mar 23, 2008 | Current |
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Purpose of loan: This loan will be used to? Consolidate and pay off higher interest credit card balances. My financial situation: I am a good candidate for this loan because? I have been approved for a loan from a large commercial bank but the interest rate, while five percentage points below that of my credit cards, is still fairly high. Also, the loan amount that I was approved for will not allow me to consolidate the balance on the highest interest rate card balance, which is what I want to clear off immediately. I pay all of my obligations on time and have never not paid the money I owe when it was due. I would like some financial freedom - - I have a great job but I pay about $700 per month in interest on my non-mortgage debt and that is ridiculous! Obviously I will keep paying it if I can do no better, but I would rather give my business to lenders who have more confidence in me and aren't trying to keep me in debt for the rest of my life. |
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