Paying off some high interest credit cards!!
| Listing Information | |||
|---|---|---|---|
| Amount: | $2,700.00 | Status: | Loan created |
| Grade: | D | DTI: | 40% |
| Lender Rate: | 16% | Borrower: | tnmomma |
| Finished | State: | TN | |
| Funded: | 100% | Group: | Maverick - Let's turn borrowers into lenders! |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-09-26 | EricsCC ROI: | 15% |
| Status History | |
|---|---|
| Sep 25, 2008 | Current |
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Purpose of loan: This loan will be used to pay off some high interest (25-30%) credit cards. I have 5-6 cards with balances on them. I know that it shows I have around $14,000 in open credit lines, but in all actuality, most of that is not mine. I made the mistake in the past of becoming a co-signer/ joint holder on these accounts for a family member. That person is the one making those payments. The balances on my cards are mainly due to doctor and hospital bills. When my son was born shots, check-ups, etc. were not covered by my insurance, which unfortunately I was not aware of until after the fact. I have made mistakes in the past, and I hope my son doesn't have to suffer because of them. If you have any questions, please feel free to ask me. My financial situation: I have had a bank loan in the past in which my payments were $185 a month for 2 years. It was paid on time every month. The loan was not paid off early, I paid on it every month for the full term. If I receive this loan, it will not be paid off early, but will be paid on for the full 36 month term. I have been at my current job for over 3 years now and have no intentions on leaving. I usually make between $1500 - $1750 a month. It all just depends on how much my monthly bonus is and how much overtime I can work. Monthly net income: $1500- 1750 Monthly expenses: $ Housing: $ 680 Insurance: $ 90 Car expenses: None, my car is paid off. Utilities: $100-125 Phone: $ 13.00 Cable: $45 DSL: 19.95 Food, entertainment: $250 Clothing, household expenses $ Credit cards and other loans: $ 250- 275 Other expenses: |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 395299 | Paying Off High Interest Credit Cards | D | $4,200 @ 10% | Sep 09, 2008 | Expired |
| 399274 | RELIST- Paying off High Interest Credit Cards. Please Help! | D | $4,200 @ 12% | Sep 16, 2008 | Withdrawn |
| 400700 | RELIST- Paying off some high interest credit cards!! | D | $5,250 @ 21% | Sep 18, 2008 | Withdrawn |
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