Paying off My Credit Cards to Become Eventually Debt Free
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 42% |
| Lender Rate: | 17% | Borrower: | buildermba |
| Finished | State: | FL | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-07-29 | EricsCC ROI: | 16% |
| Status History | |
|---|---|
| Jul 29, 2008 | Current |
|
Purpose of loan: This loan will be used to pay off my remaining credit card balances. I have a goal of being debt free by the end of 2009. This loan will help me to kick the credit card habit for good. I plan to operate on a cash only basis following the paying off of these cards. I am also in the process of starting my own business and this will assist me in obtaining financing My financial situation: I am a good candidate for this loan because I have a very steady job. I work in government affairs, an industry that is not subject to the overall economic slowdown that is currently affecting everyone. This means that I feel very secure in my position. Another reason that I am a good candidate for this loan is the fact that I have the means to pay off the loan. The hardest part of paying off your credit cards is managing the minimums on multiple cards. This will allow me to focus on the principal and to pay off the debt sooner. I also share my mortgage with my girlfriend. This allows for my disposable income to be used for paying off the debt. |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|