Consolidate 2 credit cards
| Listing Information | |||
|---|---|---|---|
| Amount: | $18,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 46% |
| Lender Rate: | 13% | Borrower: | brad3336 |
| Finished | State: | MN | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-06-23 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Jun 20, 2008 | Current |
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Purpose of loan: This loan will be used to consolidate two moderately high interest rate credit cards. The amount on the cards totals $18,000 with a combined payment of about $700/month. Because of the interest rate I'm not making as much progress paying the balances down as I'd like. The cards were used to assist my wife to get her new business launched. My financial situation: I am a good candidate for this loan because may wife and I have a combined income of over $100,000. We are financially sound personally and we also have a very good sense for business. My wife and I own and operate our own businesses and understand the importance of debt reduction. This is our goal, reduce debt. We have 3 young children and are looking to invest in their future. |
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