Paying off B.O.A. credit card
| Listing Information | |||
|---|---|---|---|
| Amount: | $4,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 11% |
| Lender Rate: | 7% | Borrower: | chasingdestiny |
| Finished | State: | FL | |
| Funded: | 100% | Group: | Everyday People |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-01-31 | EricsCC ROI: | 5% |
| Status History | |
|---|---|
| Jan 30, 2007 | Current |
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I am re-listing at a higher rate at the advice of my GL. I will be posting this listing on the RML threads on the discussion forums as well in case anyone would like to ask me questions. I am not online all the time, so I cannot promise to answer immediately, but I will answer within 48 hours. I am attempting to get a loan to pay off a Bank of America credit card that was at 6.9%, I was 2 days late on a my last payment after 5 years of perfect payment history, and they raised my rate to 14.24%.The minimum payment for the credit card is now $118. If I am able to get this loan through Prosper, I can pay close to the same amount and have the loan paid off in 3 years. I am currently employed as a manager making a base salary of $5,000/ month. I bring home approximately $3,400 a month - this does not include bonuses that have averaged $1,500-$2,000 per month the last few months. My monthly budget is as follows: Income 3,400 less: Mortgage 1,600 HELOC 250 Insurance 130 Electric 150 Water 60 Gas 140 Cable 50 Food 200 Gym 40 Tithe 500 Total 3,120 This currently leaves me $280 out of my salary to pay down the credit card. I use the bonuses [that I am not including in my monthly income since they are steady but not always the same] for recreational items, "luxury" expenses, or to put some savings away to create a cushion against life's little surprises. Thank you for considering my loan request. God bless! |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 84735 | Pay off B.O.A. credit card | AA | $4,000 @ 7% | Jan 13, 2007 | Expired |
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