Paying credit cards at a lower interest then cancel cards
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 22% |
| Lender Rate: | 13% | Borrower: | frankrhps |
| Finished | State: | TN | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-09-05 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Sep 04, 2008 | Current |
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Purpose of loan: This loan will be used to pay off a credit cards with high interest rates. I want to pay them off and cancel them. One more step in lowering my debt to income ratio and amount of revolving accounts. My financial situation: I am a good candidate for this loan because I never miss payments, I make pretty good money and have no plans of leaving my job. A few accounts on my credit report are not being used and have cancellation pending. A Chase account with 0 balance is my x-wife's account and my name was taken off of it years ago (so they told me). One of the Wells Fargo card accounts listed is actually a loan I had to get in order to close on a house I sold, which they keep trying to give me a credit card for but I keep cutting up and telling them I never wanted it in the first place. Monthly net income: $ 2400 me, 1600 wife Monthly expenses: $ Housing: $ 504 Insurance: $ 87 Car expenses: $ 00 Utilities: $ 200 Phone, cable, internet: $ 90 Food, entertainment: $ 100 Clothing, household expenses $ 100 Credit cards and other loans: wife pays for most of it, I take care of mortgage, insurance, & utilities. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 378793 | Paying off credit cards at lower interest | B | $20,000 @ 5% | Aug 06, 2008 | Withdrawn |
| 380239 | Paying off credit cards at lower interest | B | $13,000 @ 15% | Aug 09, 2008 | Expired |
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