Quicker debt payoff with lower interest
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 37% |
| Lender Rate: | 14% | Borrower: | ecismonty |
| Finished | State: | IL | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-06-10 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Jun 10, 2008 | Current |
|
Purpose of loan: This loan will be used to pay off debt quicker with a lower interest. I plan on paying off my Empire / Money Bank account that is currently closed, but its balance is at $8600 at a scary 24% interest rate. Although I am asking for more, I plan on using that money to pay down one of my Citibank credit lines which is at 16% with a balance of $5600. I would LOVE to buy a house someday, and would very much like to deal with this debt in order to save up for a home. Although my listing says I'm a homeowner, I co-signed on my mom's re-financing of her home for a lower interest rate. My financial situation: I am a good candidate for this loan because I always make timely payments, and will try to pay over the minimum expected payment to pay the debt off quicker. I have tried talking directly to the credit card companies to reduce the interest rate, however, I have been told that because my accounts are not in default they cannot assist me. I am not the type of person that runs away from a problem. I have been working on paying down the debt and by not accruing any more. I would very much like to pay off this debt so that I can finally have a little financial freedom and have more control of my money. Monthly net income: $2100.00 Monthly expenses Housing: $ 550 Insurance: $ 94 Car expenses: $ 200 Utilities: $ 50 Phone, cable, internet: $ 125 Food, entertainment: $ 200 Clothing, household expenses $ 50 Credit cards and other loans: $ 700 Other expenses: $ 100 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 332488 | Quicker debt payoff with lower interest | B | $19,690 @ 16% | May 14, 2008 | Expired |
| 338538 | Quicker debt payoff with lower interest | B | $15,000 @ 22% | May 24, 2008 | Withdrawn |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|