Paying off Debt to Save for Wedding
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|Loan Status:||Paid||Origination Date:||2010-06-17||EricsCC ROI:||22%|
|Jun 16, 2010||Current|
|Mar 01, 2012||Payoff in progress|
|Mar 07, 2012||Paid|
Purpose of loan:
I don't want to pay to here and then pay to here. I would like to simplify everything and consolidate my debt with one interest rate and pay it off as quickly as possible. I am getting engaged and have a wedding to start planning and saving for so it would be nice to have my small amount of debt taken care of. I am never ever late with my bills, there is one delinquency on my record from when I was very young and just getting credit cards for the first time. It is about to fall off my record it is so old. It is recommending a $100 payment a month but I am thinking more on the lines of $300 a month.
My financial situation:
I am a vary hard worker, extremely organized and responsible. The debt that I have was from being out of work last year (I moved to a different state and jobs are not easy to come by) but I am working again and getting things in line.
Monthly net income: $ 1300
Monthly expenses: $
Housing: $ 400
Insurance: $ 0
Car expenses: $ 100
Utilities: $ 0
Phone, cable, internet: $ 50
Food, entertainment: $ 100
Clothing, household expenses $ 0
Credit cards and other loans: $ I pay everything that is left in this category, I never pay the minium balance. I would like to get this taken care of so that all of this money can start going into my savings account.
Other expenses: $ 50
|Borrower's Other Listings|
|560244||Consolidating for a Move||B||$2,500 @ 14%||Feb 20, 2012||Loan created|
|655677||Debt consolidation||A||$9,500 @ 9%||Oct 18, 2012||Loan created|