Paying off my credit cards

| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 16% |
| Lender Rate: | 18% | Borrower: | Blizak |
| Finished | State: | WA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-06-17 | EricsCC ROI: | 16% |
| Status History | |
|---|---|
| Jun 17, 2008 | Current |
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Purpose of loan: This loan will be used to? This loan will be used to? Pay off credit cards that I used to remodel my house, my origanal plan was to remodel the house live there for two years and then sell it, I have been there for 18 months and with todays market it looks like I will need to stay awhile. The interest on the credit cards is eating me alive I am having difficluties making any head way on them and as a result my credit is suffering becouse of credit to dept ratio.My financial situation: I am a good candidate for this loan because?My income and career is solid. I can make the payments on my cards the way they are now, I am good at making payments on time Monthly net income: $ 4994.12 Monthly expenses: $ Housing: $ 2496.03 Insurance: $ 50 Car expenses: $ 0 Utilities: $150 Phone, cable, internet: $ 200 Food, entertainment: $ 400 Clothing, household expenses $ 150 Credit cards and other loans: $ 700 Other expenses: $ 200 |
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