Paying off high interest credit cards
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 14% |
| Lender Rate: | 12% | Borrower: | californiadawn |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-08-21 | EricsCC ROI: | 11% |
| Status History | |
|---|---|
| Aug 21, 2008 | Current |
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Purpose of loan: This loan will be used to? pay off my high interest credit card debt. I recently bought a house (12/06) and was not told that by getting an 80/20 loan, the 20% HELOC of $65,000 would show on my credit as a maxed out line of credit! It has brought my credit score down, and has kept me from getting a good rate on a consolidation loan. My financial situation: I am a good candidate for this loan because? I have the income to make the payment as an END Technologist, I am responsible, hard working, and have paid my way all my life. It would just be nice to have a chance to combine my debt and lower the interest rate as I want to become debt free. In 2007 I was off work for three months with a cervical spine fusion/surgery. I am single/divorced and had just purchased my new home, so I incurred more debt than usual. I had planned on taking out a home equity loan in a year or so to pay everything off, but the housing market went way down, and now that is no longer an option. I make good money, and have been at my job for over 6 years. I am responsible and pay my bills on time. It would just make it much easier to get my debt paid off/down if the interest rate was lower and it was consolidated! That is my goal! |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 378917 | Paying off Credit Cards - getting debt free! | A | $20,000 @ 22% | Aug 06, 2008 | Withdrawn |
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