Pay off high interest debt
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 35% |
| Lender Rate: | 14% | Borrower: | Relinq |
| Finished | State: | PA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-06-10 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Jun 10, 2008 | Current |
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Purpose of loan: This loan will be used to pay off high interest credit debt. My financial situation: To the point, I'm looking to pay off the debt I owe at a reasonable rate and as quickly as possible. I accumulated a lot of credit card debt while in college. My family could not afford much help so I had to pay for school, books, art supplies, housing, and living expenses on my own. What my student loans and pay check could not cover, the credit cards did. Only in the last few years did I get a good paying job and have been able to truly make some head way into this debt albeit slowly because the high interest was stifling to say the least. In 2006 I was laid off from work for 8 months exacerbating my debt woes. Yet within 6 months of receiving my current job, I've been able to raise my credit score significantly. As before losing my job, I only buy what I have cash enough to buy. I'm just looking for a little bit of help to consolidate my credit debt at a much lower interest rate than I'm currently paying on my credit cards. I'd rather take that money to pay a lower interest loan that I might pay off the debt more quickly and not lose so much money in interest. I am a good candidate for this loan because I really want to be free of this debt and pay back what I owe. My simple plan is to stay on my budget, use the money I was paying to the credit cards to pay this loan and to shelve the credit cards. I'm just looking for a little help. Thanks! Monthly net income: $2328 Monthly expenses: $2105 Housing: $550 Insurance: $135 Car expenses: $60 Utilities: $50 Phone, cable, internet: $95 Groceries: $180 Entertainment/eating out: $50 Clothing, household expenses $20 Credit cards: $500 ($365 total min. payments) Car Loan: $240 Student loans: $185 Prescriptions: $ 40 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 283380 | Pay off high interest debt | D | $11,000 @ 5% | Feb 23, 2008 | Expired |
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