Pay off higher rate credit cards!

| Listing Information | |||
|---|---|---|---|
| Amount: | $17,500.00 | Status: | Loan created |
| Grade: | A | DTI: | 30% |
| Lender Rate: | 10% | Borrower: | p2ploan-caramel |
| Finished | State: | TX | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2012-06-11 | EricsCC ROI: | 8% |
| Status History | |
|---|---|
| Jun 09, 2012 | Current |
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Purpose of loan: I'd like to get some of the credit cards paid off so that we start a snowball effect with lower interest rates and hopefully get the credit cards paid off in full in a few years. We have been working on paying them off, but it seems like we are not making as much of a dent as fast, because of the interest rates on some of them. My financial situation: My financial situation is stable. I have been at my current job for under a year, but previous employments were for almost 5 years and almost 10 years prior to that. Monthly net income: $ 6,000 We are also paying off student loans. With regards to the total credit lines, a number of them are due to my student loans which were consolidated, but the original loans are still showing as separate lines on the credit report. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 484218 | Pay off higher rate credit cards! | B | $7,500 @ 12% | Nov 15, 2010 | Expired |
| 485596 | Pay off higher rate credit cards! | B | $7,500 @ 13% | Nov 24, 2010 | Withdrawn |
| 485717 | Pay off higher rate credit cards! | B | $7,500 @ 15% | Nov 26, 2010 | Loan created |
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