Pay off higher rate credit cards!
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Listing Information
Amount: $17,500.00 Status: Loan created
Grade: A DTI: 30%
Lender Rate: 10% Borrower: p2ploan-caramel
Time Left: 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
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 B $7,500 @ 13% Nov 24, 2010 Withdrawn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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