Paying Down High Int Credit Cards
| Listing Information | |||
|---|---|---|---|
| Amount: | $2,500.00 | Status: | Loan created |
| Grade: | C | DTI: | 13% |
| Lender Rate: | 18% | Borrower: | newest-peaceful-gain |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2010-04-13 | EricsCC ROI: | 17% |
| Status History | |
|---|---|
| Apr 10, 2010 | Current |
| Apr 28, 2012 | Payoff in progress |
| May 04, 2012 | Paid |
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Purpose of loan: This loan will be used to consolidate credit card debt and lower the effective interest rate I am paying. My financial situation: I have worked in an executive position at a global consumer electronics company for the last 16 years. I also have a flawless credit history for the last 16 years. Interest rate hikes on my credit cards have brought some to anywhere from 21% to 29%. Monthly net income: $ 14,698 gross plus annual bonus of $42,000 gross Monthly expenses: $ Housing: $ 2250/month Insurance: $ Car expenses: $ 200 fuel + $168 loan / month Utilities: $ 150 Phone, cable, internet: $ 53 Food, entertainment: $ 1000 Clothing, household expenses $ 150 Credit cards and other loans: $ 2500 Other expenses: $ |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 430865 | Paying Down High Int Credit Cards | C | $7,500 @ 21% | Mar 29, 2010 | Withdrawn |
| 491832 | Debt Consolidate / Perfect Credit | C | $10,000 @ 17% | Apr 30, 2011 | Loan created |
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