PayOffCreditCards

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Listing Information
Amount: $10,000.00 Status: Loan created
Grade: B DTI: 20%
Lender Rate: 14% Borrower: Stan30
Time Left: Finished State: VT
Funded: 100% Group: (No Group)
Loan Information
Loan Status: Current Origination Date: 2008-05-29 EricsCC ROI: 12%
Status History
May 29, 2008 Current
Purpose of loan:
I have acquired some high interest rate credit card debt resulting from an unexpected loss of employment, and an expensive emergency room visit a few years ago.  I wish to pay off this debt as quickly as possible; my intention is to transfer a portion of my highest rate credit card to this loan and pay the balance of that card off as quickly as possible,  then move on to the next highest rate card until they are all paid off, and I'm free.

My financial situation:
I currently have a solid job, have never been late on any payments with outstanding loans.
Monthly net income: $ 2930

Monthly expenses: $
  Housing: $ 400
  Insurance: $ 82
  Car expenses: $ 100
  Utilities: $ 0
  Phone, cable, internet: $ 50
  Food, entertainment: $ 400
  Clothing, household expenses $ 75
  Credit cards and other loans: $ 640
  Other expenses: $ 0
   
   
Borrower's Other Listings
175979 PayOffCreditCards B $4,000 @ 13% Jul 25, 2007 Loan created

 

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