Eliminating credit card debt
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|Loan Status:||Paid||Origination Date:||2010-04-01||EricsCC ROI:||18%|
|Apr 01, 2010||Current|
|Sep 17, 2010||Payoff in progress|
|Sep 23, 2010||Paid|
Purpose of loan:
I plan to use this loan to consolidate and eliminate my credit card debt, the bulk of which I accrued just after college while doing missionary work (of the largely non-lucrative sort). I want to get out from under this financial burden so that I can begin saving more and put myself in a much better position to someday start a family.
My financial situation:
Thankfully, I enjoy stable employment and manageable monthly expenses:
I take home about $2100/mo;
my housing is about as inexpensive as can be found in the area (I share a house so my rent is $180/mo);
I spend under $100/mo on utilities;
I don't splurge on unnecessary travel or luxuries;
and I drive a modest car for which I pay about $220/mo (I take good care of it and plan to keep it until it falls apart).