Pay off AMEX Card

| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 22% |
| Lender Rate: | 16% | Borrower: | par2 |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-07-28 | EricsCC ROI: | 14% |
| Status History | |
|---|---|
| Jul 25, 2008 | Current |
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Purpose of loan: I have recently formed a new C Corp and needed capital to get started. I used my American Express card and now need to pay it in full. My financial situation: I have been employed for more than 16 years with the same company and make great income. I have lived in the same house for more than 8 years and have good DTI ratio. This loan will give me the ability to pay off my credit and make one low monthly payment without having to borrow from my 401k. Monthly net income: $ 13,000.00 Monthly expenses: $ 9,000.00 Housing: $ 4000.00 Insurance: $ 300.00 Car expenses: $ 1000.00 Utilities: $ 500.00 Phone, cable, internet: $ 300.00 Food, entertainment: $ 1000.00 Clothing, household expenses $ 1000.00 Credit cards and other loans: $ 900.00 Other expenses: $ 0 |
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