Pay Off High Interest Rate Credit Cards
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 53% |
| Lender Rate: | 17% | Borrower: | Charemck |
| Finished | State: | VA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-07-24 | EricsCC ROI: | 16% |
| Status History | |
|---|---|
| Jul 24, 2008 | Current |
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Purpose of loan: This loan will be used to pay off some high-interest rate credit card loans. The goal is to get a loan with a much lower interest rate than what I am paying now with these credit cards. I am hoping that my current debt to income ratio will likewise improve and with it, my credit standing. With a low interest rate on these credit cards, I am also hoping that I can be able to lower my current monthly allocation to these credit cards and direct money to other household expenses. My financial situation: I am a good candidate for this loan because I have a regular job. WIth this steady income, I am pretty confident that I can be able to pay off this loan. I am not happy with my financial situation right now in the sense that a good part of my income is being eaten by these credit cards because the interest rates are simply staggering. If only I could bundle them up into one low monthly payment, again, with a low interest rate, I am hopeful that I can be able to get rid of them eventually without sacrificing other household necessities. This loan, I hope, is a good first step. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 365126 | Pay Off Credit Cards | A | $25,000 @ 33% | Jul 10, 2008 | Withdrawn |
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