Pay off higher interest debt
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,400.00 | Status: | Loan created |
| Grade: | A | DTI: | 25% |
| Lender Rate: | 13% | Borrower: | KevinInFlorida |
| Finished | State: | FL | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-08-29 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Aug 28, 2008 | Current |
|
Purpose of loan: This loan will be used to? Pay off some other loans and credit cards with higher interest. I will pay off a $3418 personal signature loan from my bank which is at 15.95% interest, $2962 on my Havertys (furniture store) credit card which was a no interest/no payment special that expires in a couple of months so I want to pay it in full before I start getting charged at 22%, and 3 miscellaneous department store cards that total $940. Making 5 payments into one and dropping my interest a bit will be fantastic! My financial situation: I am a good candidate for this loan because? I pay my bills on time and am secure in my job. I have worked in my industry for 9 years and for my employer for going on 5 years. In addition I am listing only my income for this loan, however, my household income is 112,000 rather than the 66,000 I had to list for myself so I am very easily able to repay this loan amount on time every time. I will be upfront and say that I plan to pay this loan off in about 2 years rather than the full 3. I have a vehicle that will be paid off next summer so at that time I plan to start doubling up payments on this loan. Thanks for your interest and I hope you'll consider funding this loan for me. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 385632 | Pay off higher interest debt | A | $7,400 @ 13% | Aug 20, 2008 | Withdrawn |
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