Getting rid of another credit card.
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 49% |
| Lender Rate: | 12% | Borrower: | plsstl-gb |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-04-03 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Apr 03, 2008 | Current |
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Purpose of loan: This loan will be used to? pay off one more high interest credit card. I have reduced from 8 to 3 cards with balances. My financial situation: I am a good candidate for this loan because? I have a great repayment history. I prefer short term loans to save on interest even though they have higher monthly costs. My last truck loan was a 3 year loan and has been paid off for 6 months. My home loan is a 15 year mortgage with 8 1/2 years to pay on it. ( Mortgage free by 53!! ) I have a high debt to income ratio due to recently buying a commercial building and relocating my business after 17 years at its last location. The move cost me much more than I planned on. Getting back to my status of before the move, 1 Card at a time. Monthly net income: $ 9,380.00 Monthly expenses: $ Housing: $ 2,890.00 Insurance: $ 0 aid by business Car expenses: $ 0 Paid by business Utilities: $ 225.00 Phone, cable, internet: $ 145.00 Food, entertainment: $ 900.00 Clothing, household expenses $ 300.00 Credit cards and other loans: $ 0, All credit card balances are business related and paid by business |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 288883 | Lower my interest rate obligation on my outstanding debt | B | $15,000 @ 15% | Mar 05, 2008 | Expired |
| 292488 | Working capital for upcoming job, reduce debt costs | B | $20,000 @ 19% | Mar 12, 2008 | Expired |
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