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Credit Card Consolidation/Paying off Debt

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Listing Information
Amount: $20,000.00 Status: Withdrawn
Grade: B DTI: 9%
Lender Rate: 25% Borrower: AcctExec
Time Left: Finished State: NY
Funded: 2% Group: KoyneLoans
Purpose of loan:
Using the loan to pay off credit card and 401k debt, so I have (1) monthly payment

My financial situation:
I make a base salary of $110k, with an average yearly commission between $70 - $100k.  I just started a new job in June of 08, but have been in the same line of work for over 6 years.

Monthly net income: $5,600 (base) & between $1,000 - $5,000 commission

Monthly expenses: $
  Housing: $ 2,600
  Insurance: $ none    
  Car expenses: $ none ($80 a month for a metro card - live in NYC)
  Utilities: $ 50      
  Phone, cable, internet: $ 200
  Food, entertainment: $ 500
  Clothing, household expenses $ 200
  Credit cards and other loans: $ none with this loan
  Other expenses: $ 300
Borrower's Other Listings
31754 Need to pay off car loan payment in full C $5,000 @ 15% Aug 16, 2006 Expired
33275 Need to pay off car in full C $5,000 @ 15% Aug 22, 2006 Loan created
368528 Credit Card Consolidation/Paying off Debt B $20,000 @ 20% Jul 16, 2008 Withdrawn
368987 Credit Card Consolidation/Paying off 401k Debt B $15,000 @ 18% Jul 17, 2008 Loan created

 

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