Kicking BOA to the Curb!!!
| Listing Information | |||
|---|---|---|---|
| Amount: | $14,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 17% |
| Lender Rate: | 11% | Borrower: | truth-utopia |
| Finished | State: | FL | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2009-11-25 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Dec 02, 2009 | Current |
| Dec 11, 2012 | Paid |
|
Purpose of loan: This loan will be used to pay off my Bank of America credit line. Recently they sent me a letter telling me that they were going to raise my interest rate from 12% to 29.99% because of the cost of doing business has increased for them. However they are pleased to have me as a customer so that's why they are doing this. I am finished with this bank and want to close the accounts and be debt free. Through no fault of my own, they are raising my interest rate which will severely damage my retirement plan (it's only 5 years away!). The combined monthly payment will go from roughly $280 to close to $600 per month! My financial situation: I am a good candidate for this loan because I am current on all my payments and on my original Prosper loan. My credit rating has increased and I will not be applying for additional lines of credit. My goal is to pay this credit card company off so that I can live a debt free life! |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 405333 | Catching Up With My APR | AA | $9,000 @ 7% | Sep 28, 2008 | Loan created |
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