Pay credit card
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|Loan Status:||Paid||Origination Date:||2008-05-29||EricsCC ROI:||15%|
|May 29, 2008||Current|
|Jun 03, 2011||Payoff in progress|
|Jun 07, 2011||Paid|
Purpose of loan:
This loan will be used to pay off a Chase Credit card. I used to have a 12% APR on this card. Then when I was transferred to the UK, I had 2 late (less than 30 days late) payments, and they justified then moving my interest rate to 30%. I've been trying to pay it down but, it's hard.
My financial situation:
I am a good candidate for this loan because I've paid off all my loans in my life. I've kept the same important job for over 10 years, and before that I was in the US Navy. The U.S. dollar has taken a toll on my life recently. We've lost 25% percent in buying power, its like getting a 25% cut in your pay over 2 years.
Monthly net income: $ About $7000. After I paid all my bills, including amounts to cover the Chase 30% credit card, student loan and pay for my fiance's tuition, I have about $1000 leftover.
Monthly expenses: $
Housing: $ 2200
Insurance: $ 100
Car expenses: $300
Utilities: $ 300
Phone, cable, internet: $ 500 - I live overseas, phone calls are expensive.
Food, entertainment: $ 400
Clothing, household expenses $ 100
Credit cards and other loans: $ 2000
Other expenses: $ 300