Paying off my BOA credit card
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 47% |
| Lender Rate: | 14% | Borrower: | kozingo |
| Finished | State: | IL | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-09-10 | EricsCC ROI: | 13% |
| Status History | |
|---|---|
| Sep 09, 2008 | Current |
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Purpose of loan: This loan will be used to pay off my Bank of America Credit Card. It's at an outrageous rate and I'm hoping to rid myself of the astronomical interest payments that are occuring each month. My fault totally, I knew the rate when I used the card but at the time it was necessary to go into debt. My financial situation: I am a good candidate for this loan because I consider my credit rating a top priority. I pay my bills on time. My credit rating would be better but my debt ratio is probably a bit high at the current time. To make a long story short, the last 3 years have really put me in a financial bind. I married a lovely woman but she was diagnosed with bi-polar shortly thereafter. If you're familiar with the disorder you know what a complete roller coaster that can be, emotionally and financially. I borrowed the money to assist with my divorce and the following settlement to help relocate her. I also assumed all debt that was in both of our names because I couldn't rely on her to make payments. At the time, I didn't have a choice but to use my BOA card but a friend recommended this site to consolidate the high rate credit cards. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 339393 | Paying off my BOA credit card | AA | $20,000 @ 15% | May 26, 2008 | Expired |
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