Pay off Credit Cards and Raise Credit Score
| Listing Information | |||
|---|---|---|---|
| Amount: | $6,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 12% |
| Lender Rate: | 10% | Borrower: | tgr8888 |
| Finished | State: | VA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-05-27 | EricsCC ROI: | 9% |
| Status History | |
|---|---|
| May 24, 2008 | Current |
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Purpose of loan: This loan will be used to? pay off about $6000 in credit card debt and raise my credit score. My financial situation: I am a good candidate for this loan because? I have good income and I have income coming from my mortgage property in the amount of $1500 a month. I am in the process of looking for a part time job so that I can become debt free ASAP. I will back the loans on time because otherwise my chances of getting a second loan in the future will be next to impossible. I have lowered the amount of the loan from $7500 to $6000 because I have secured loans from some family members interest free. That should help me lower my Debt to Income ratio. The reason I am delilinquent on 2 of my current acounts is because of funeral expenses in the amount of $4500 this past month. That wiped out all of my savings. Monthly net income: $ 4800 Monthly expenses: $ 3110 Housing: $2300 Insurance: $ 40 Car expenses: $ 100 Utilities: $ 120 Phone, cable, internet: $ 100 Food, entertainment: $ 250 Clothing, household expenses $ 50 Credit cards and other loans: $ 150 Other expenses: $ |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 330315 | combining all loans into one. | C | $15,000 @ 35% | May 11, 2008 | Withdrawn |
| 330939 | Pay off Credit Cards and Funeral Expenses | C | $7,500 @ 17% | May 12, 2008 | Withdrawn |
| 331004 | Pay off Credit Cards and Funeral Expenses | C | $7,500 @ 20% | May 12, 2008 | Withdrawn |
| 333603 | Pay off Credit Cards and Funeral Expenses | C | $7,500 @ 28% | May 15, 2008 | Withdrawn |
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