Death By Plastic
| Listing Information | |||
|---|---|---|---|
| Amount: | $9,995.00 | Status: | Loan created |
| Grade: | A | DTI: | 36% |
| Lender Rate: | 13% | Borrower: | NebraskaCowboy |
| Finished | State: | NE | |
| Funded: | 100% | Group: | Local Baptist Church Missionary Resource |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-04-04 | EricsCC ROI: | 11% |
| Status History | |
|---|---|
| Apr 04, 2008 | Current |
|
Purpose of loan: The purpose of this loan is to transfer a credit card debt to a lower interest loan. My financial situation: Over the last five years, I have accrued a large amount of debt that has made it difficult to pay my regular bills and high interest credit cards. During the past few months, I have taken the steps to transfer the high interest credit cards to low interest rates. This loan is the last step in which I will be closing a credit card with 21.99%. I have also been working closely with my group leader in setting forth a plan to retire all of my debt and at the same time to begin saving money. With this plan, I will be out of debt in 8 years and I will have been able to save and invest 10% of my income for long term planning. My wife and I are excited about the differences that we have seen in our financial situation in the past few months, and we look forward to the future. I have two credit inquiries on my credit score - the first one was for a credit card in which we transferred a portion of our debt to a card offering 3.995 until the balance transfer is paid off. We do not use this card for any other purpose. The second inquiry was from a local bank that I recently applied for an unsecured loan. This loan was declined due to the fact that it is unsecured and I do not own my home. If you have any further questions, please feel free to ask. If you choose to invest in this loan, you will not be disappointed. I give you my word that I will repay this loan according to the terms set forth. Thank you. Monthly net income: $ 2800 Monthly expenses: $ 2141 Housing: $ 360 Insurance: $ 138 Car expenses: $ 100/gas Utilities: $ 170 Phone, cable, internet: $ 185 Food, entertainment: $ 250 Clothing, household expenses $ 50 Credit cards and other loans: $ 518 Other expenses: $ 370 (tithes/offerings) |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|