Pay off higher rate credit cards!
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|Loan Status:||Current||Origination Date:||2012-06-11||EricsCC ROI:||8%|
|Jun 09, 2012||Current|
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|485596||Pay off higher rate credit cards!||B||$7,500 @ 13%||Nov 24, 2010||Withdrawn|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|