Trying to get out of High Interest Debt
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 17% |
| Lender Rate: | 17% | Borrower: | Jthomas22 |
| Finished | State: | MS | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2008-09-05 | EricsCC ROI: | 16% |
| Status History | |
|---|---|
| Sep 04, 2008 | Current |
| Oct 08, 2011 | Paid |
|
Purpose of loan: This loan will be used to pay off credit cards, pay off the remaining $320.00 left on paying off a car and pay off an outstanding medical bill. The remaining money will be used to get that car fixed. It is going to take about $250. My wife and I are trying to get a house in the next twelve months. The debt consolidation will help us save more money every month so we can get to our target down payment. I am a Good Candidate because: We currently live with my parents so we don't have a rent/mortgage payment due every month. We also are only $320 dollars from paying off our second car. The first is already paid off. This means that I am highly able to pay the loan off. I have no other debt than the credit cards and my wife's student loan payment. Monthly net income: $ 1250+ Monthly expenses: $ Housing: $ 0 Insurance: $ It is deducted from my paycheck Car expenses: $ 300 (insurance and gas) Utilities: $ 0 Phone, cable, internet: $ 0 Food, entertainment: $ 100 Clothing, household expenses $ 0 Credit cards and other loans: $ 205 - Student Loan; $165 - Credit Card Payments; $75 - Medical Bill Payment Other expenses: $ 0 Remember this loan will be used to consolidate. This means that the only monthly obligations I will have is your loan, car insurance, gas and my wife's student loans. Meaning that out of $1250 I will have over $500 dollars a month as a cushion. This loan at a reasonable interest rate will not come close to over extending me. Thank you for your consideration. God Bless. |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|