Paying off credit card debt, not gaining more debt!
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,500.00 | Status: | Loan created |
| Grade: | C | DTI: | 21% |
| Lender Rate: | 13% | Borrower: | racecardriver16 |
| Finished | State: | TX | |
| Funded: | 100% | Group: | Computer Professionals, Engineers and Business Startups |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-01-17 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Jan 16, 2007 | Current |
| Aug 28, 2007 | Payoff in progress |
| Aug 28, 2007 | Paid |
|
I am a mechanical engineering grad from Texas A&M. I ran a shop during college to help pay for school and living expenses that built and repaired race cars. I am now a full time engineer for a defense contractor, making approx $60,000 a year. I love racing, and pursued it as a career for several years but never QUITE made it. I was however very succesful, you might have even seen me in a magazine or on TV (I have been in Road & Track and Racer Magazine in at least one issue for the last 3 years).So you could say I am pretty easy to get a hold of! Unfortunatly, due to some unforseen circumstances I accumulated some credit card debt I am not proud of. With out going into too much detail, I had one customer that decided not to pay his rather large bill and another investment I made in a company that a friend and I were starting that backfired(in his defence, his wife randomly up and left him and he couldn't fullfill his end of the bargin, so I had to cover his butt with my credit!) I am here to secure a loan to pay off my credit card, and will NOT be gaining debt. This money will go directly to my credit card. My current approx monthly income(after taxes/etc) is $3200 Bills:(i have a roommate) rent 625 util 75 cable/sat: 50 phone line and DSL service: 50 cell phone $100 student loan payment: 205 truck payment (01 GMC Sierra, only owe about $6k on it) 194 insurance: 50 Credit Card 1: 200 Credit Card 2: 200 (note that both these will go away!) gas 250 This leaves a considerable amount of disposable income. I am not getting this loan because I want MORE debt or more money to play with, I just want to pay off these 17% credit cards with a lower interest rate loan. I am not married, dont have kids and have full health/dental/etc insurance. My life is about as stable as it gets! thanks |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 79728 | Paying off high interest CC debt incurred while in college | C | $10,000 @ 14% | Dec 31, 2006 | Withdrawn |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|