Paying off my credit cards
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,500.00 | Status: | Loan created |
| Grade: | D | DTI: | 16% |
| Lender Rate: | 14% | Borrower: | startsomewhere |
| Finished | State: | CT | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Default | Origination Date: | 2008-05-16 | EricsCC ROI: | 61% |
| Status History | |
|---|---|
| May 24, 2008 | Current |
| Dec 31, 2008 | Late |
| Jan 07, 2009 | Current |
| Jan 31, 2009 | Late |
| Feb 17, 2009 | 1 month late |
| Mar 17, 2009 | 2 months late |
| Apr 23, 2009 | 3 months late |
| May 18, 2009 | Default |
|
Purpose of loan: This loan will be used to help pay off one of my high interest credit cards. ***PLEASE NOTE*** My initial listing was canceled because I had to request another mailer for the address verification and it didn't arrive in time to verify the address. All of the verification info is now in place. Thanks for bidding on my loan! My financial situation: I am a good candidate for this loan because I am determined to be debt free and be back on track. Recently, due to an unfortunate event, raccoons dug a large hole underneath our home's stone foundation which then led to a group of skunks nesting in our basement and causing quite a bit of structural damage not to mention skunk spray permeating the whole house. We had to pay over $10,000 to fix the basement and foundation of which only $5,000 was covered by our homeowner's insurance policy. As a result, it has caused a lot of financial strain and we're now behind on our payments. I want to be able to pay off some of my debt, take charge of my finances, keep a budget, cut down on expenses, and eventually save money for my kids' education as well as saving for retirement for my wife and I. I'm hoping to borrow more than $7,500 but due to my recent FICO credit score I don't know if that's possible. Ideally, I would like to pay off my credit card debts within 24 to 36 months. Monthly net income: $ 6,931 Please note that on my initial listing the net income was lower than our monthly expenses but my wife and I figured out that her income was much higher than we originally calculated. Monthly expenses: $ 6,242 Housing: $ 2,040 Insurance: $ 183 Car expenses: $ 342 Utilities: $ 415 Phone, cable, internet: $ 194 Food, entertainment: $ 1,553 Clothing, household expenses $ 441 Credit Cards and other loans: $ 1,024 Detail of Credit Cards: Bank of America Visa Balance: $18,012 Effective APR: 19.99% Monthly Payment: $232 Capital One MasterCard Balance: $1,000 Effective APR: 15.59% Monthly Payment: $79 Washington Mutual Visa Balance: $6,566.47 Effective APR: 25.37% Monthly Payment: $203 Total Monthly Credit Card Payments: $514 Other expenses: $ 50 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 316634 | Paying off my credit cards | D | $7,500 @ 16% | Apr 23, 2008 | Cancelled |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|