Paying off high interest debt.
| Listing Information | |||
|---|---|---|---|
| Amount: | $9,500.00 | Status: | Loan created |
| Grade: | B | DTI: | 23% |
| Lender Rate: | 13% | Borrower: | Daum |
| Finished | State: | OH | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-09-30 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Sep 30, 2008 | Current |
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Purpose of loan: This loan will be used to pay off credit cards with high interest rates: Card 1= Advanta Business Card balance is 4700.00 with a monthly payment of 236.00 with an APR of 19.76%. Card 2 = Washington Mutual with a balance of 2200.00 and a minimum payment of 157.00 with an APR of 23%. Card 3 = Capital One with a balance of 1600.00 minimum payment of 127.00 and an APR OF 18%. My financial situation: I am a good candidate for this loan because I have good credit and have been late 3 times in the last seven years, but not in the last four years. |
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