Paying Off A High Interest CC
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|Loan Status:||Paid||Origination Date:||2010-03-29||EricsCC ROI:||13%|
|Mar 27, 2010||Current|
|Aug 31, 2011||Payoff in progress|
|Oct 08, 2011||Paid|
Purpose of loan:
This loan will be used to pay off a credit card that was raised to a 30% interest rate before the new credit card rules went into place this month.
My financial situation:
I pay my bills on time and have always met all financial obligations. I have a stable job with solid income. My debt load is high due to a side business that is on its last leg as a result of the poor economy. I'm in the process of selling off the business assets and cleaning up the leftover debt. Receiving a lower interest rate on this card will help me toward that end.
|Borrower's Other Listings|
|394834||Purchasing Seat Rights To Expand Business||B||$5,000 @ 17%||Sep 08, 2008||Expired|