Paying off my credit cards
| Listing Information | |||
|---|---|---|---|
| Amount: | $9,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 21% |
| Lender Rate: | 11% | Borrower: | dig-n-out |
| Finished | State: | MI | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-06-05 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Jun 05, 2008 | Current |
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Purpose of loan: This loan will be used to pay off my highest credit card. My financial situation: We are a good candidate for this loan because we always pay our bills. The plan is to pay off the highest one so my husband can go back to school to earn a degree that will help him advance his career. At this point the only thing holding him back is a degree. His job prior to this one was eliminated when the company closed all the stores in Michigan. Here is our budget: Combined Monthly Income $4100 (Husband and I) Mortgage $1400 Credit Card #1 $300* This is the one prosper loan will replace Credit Card #2 $115 (portion of 1st with lower interest) Credit Card#3 $100 (portion of 1st with lower interest) Gas Card(paid off monthly) $350 Utilities $391 (Gas, Elec, Water) Cable/Phone/Internet $115 Car Payment $330 Insurance $206 Since you see 2 additional cards in the list, we will be back if this works. (And never use a credit card again. Yes!) |
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