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Debt Elimination Loan

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Listing Information
Amount: $7,000.00 Status: Loan created
Grade: A DTI: 25%
Lender Rate: 11% Borrower: ColoradoJim
Time Left: Finished State: CO
Funded: 100% Group: Professors
Loan Information
Loan Status: Current Origination Date: 2008-08-19 EricsCC ROI: 10%
Status History
Aug 19, 2008 Current
Purpose of loan:
This is a straight debt-elimination loan. My goal is to immediately payoff the past purchase balance on a single high-interest credit card so I can then close the account with the lender.

My financial situation:
My monthly cash flow is positive after paying all expenses. I have a monthly budget in place and track all income and expenses via Quicken. As a business analyst employed by a healthcare organization with $7 billion in assets, I continue to be gainfully employed in an industry that is projected to grow annually into the future.

Monthly net income: $ 5,791
Borrower's Other Listings
148197 Debt Elimination Loan B $3,000 @ 11% Jun 07, 2007 Loan created

 

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