Help to pay off high interest credit card!
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,500.00 | Status: | Loan created |
| Grade: | C | DTI: | 23% |
| Lender Rate: | 24% | Borrower: | swpoint1 |
| Finished | State: | NV | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-08-07 | EricsCC ROI: | 23% |
| Status History | |
|---|---|
| Aug 07, 2008 | Current |
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Purpose of loan: This loan will be used to pay off high interest credit card! My financial situation: I am a excellent candidate for this loan because I have never been late on any payment to anyone. I have an excellent credit history and have been working for 27 years. I pay credit card payments and a little extra, but never seem to make a dent in the balances with the monthly revolving interest rates so high. With this loan, I can pay off a substantial amount within three years. My credit rating has always been A, but has recently dropped to C because my loan balances are just too high. My boyfriend and I bought our house 3 years ago and put a subtantial down payment down. Our plan was to refinance the house in 2-3 years and pull our down payment equity out to pay off the credit card balances. Unfortunately, the real estate market took a serious dive and our house is now worth 1/2 of what we paid for it only three years ago! (OUCH!). We never expected to be in this situation. We are very responsible borrowers and have a fixed 30 year loan at 6.5%. We will just have to wait it out until the market recovers. Meanwhile, we are in credit card debt and need some relief. We are asking for your help. Only my income is stated on this fact sheet. Together we earn 200,000 a year. I am in the service industry and he is a licensed medical professional. We are very trustworthy. All household expenses are split 50/50. Thank you for your consideration in funding this loan. Monthly net income: $ 8,800 Monthly expenses: $ Housing: $ 1600.00 Insurance: $ 100 Car expenses: $ 200 (gas only, car is paid off) Utilities: $ 200 Phone, cable, internet: $ 100 Food, entertainment: $ 100 Clothing, household expenses $ 100 Credit cards and other loans: $ 2000 (ouch, please help!) Other expenses: $ 0 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 372019 | Paying OFF high interest credit card! | C | $15,000 @ 35% | Jul 23, 2008 | Withdrawn |
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