Consolidating debts and improving my credit
| Listing Information | |||
|---|---|---|---|
| Amount: | $1,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 12% |
| Lender Rate: | 22% | Borrower: | jebr76 |
| Finished | State: | VA | |
| Funded: | 100% | Group: | 435 Supporting Lenders - Get FUNDED @ LOWER % than ANY group |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-10-01 | EricsCC ROI: | 21% |
| Status History | |
|---|---|
| Oct 01, 2008 | Current |
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Purpose of loan: This loan will be used to completely pay off my high interest credit cards. I've detailed my financial situation below, so I'll tell you a little about me. I'm a 27 year old fixed income investment analyst working in Washington DC. My girlfriend works as the education coordinator for a living history museum. We're planning on getting our own place in a couple of months, and soon after that I hope to make her my fiance, not my girlfriend. I'm also studying to pass level 1 of the CFA (Chartered Financial Analyst) exam on December 6th. My financial situation: I am an excellent candidate for this loan for quite a few reasons. My current credit scores from the 3 bureaus are as follows: Equifax 653, TransUnion 640, Experian 611. I have no collection accounts and no delinquent accounts. My last late payment occurred 6 years ago, almost to the month. I have had stable employment since 2003. My scores are low because my 4 credit cards are all pretty close to their balance. I got into this plight by working full-time while attending college full-time. I've been out of school for a year and a half now, and I need to pay off these credit cards!!! I've reduced the amount of my loan request from last listing to what I now see is an obtainable level. I'll be paying off two of my four credit cards, as listed below, which should increase my credit scores by roughly 30 points. Will pay off: Card 1) $473 @ 28.99% Card 2) $522 @ 23.99% Other Debt: Card 3) $738 @ 16.74% Card 4) $752 @ 23.99% Dept, Store Card) $838 @ 20.15% Personal loan) $2,800 Monthly net income: $ 3,500 Monthly expenses: $ 2,720 Housing: $ 854.50 Insurance: $ 115.00 Car expenses: $ 200.00 Utilities: $ 140.00 Phone, cable, internet: $ 110.00 Food, entertainment: $ 400.00 Clothing, household expenses $ 100.00 Credit cards and other loans: $ 600.00 Other expenses: $ 200.00 (Gas, tolls, metro, etc...) I have no delinquencies and I haven't had a late payment since 2002. I will pay this loan off. I will answer any questions you might have. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 396908 | Eliminate my high interest credit cards | D | $5,800 @ 25% | Sep 12, 2008 | Withdrawn |
| 399688 | Consolidating debts and improving my credit | D | $5,800 @ 30% | Sep 17, 2008 | Expired |
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