Consolidate High Interest Credit Cards
| Listing Information | |||
|---|---|---|---|
| Amount: | $17,800.00 | Status: | Loan created |
| Grade: | C | DTI: | 25% |
| Lender Rate: | 15% | Borrower: | q1naustin |
| Finished | State: | TX | |
| Funded: | 100% | Group: | Texas Excellence |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-02-26 | EricsCC ROI: | 11% |
| Status History | |
|---|---|
| Feb 24, 2007 | Current |
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ABOUT ME: I was born in Midland, TX, raised in Texas and returned to Texas after my time in the Marine Corps. Four years ago I was debt free, but after some time at High Tech startups and using Credit Cards to supplement my income I have found myself in more debt than I care to be. I am now back at a normal paying job and working my way out of debt. I am a father of three beautiful girls just trying to prepare myself for the expenses to come. Hopefully college comes first for these three then love and marriage. The credit rating Experian gives for me on prosper is a "C". I requested a credit report with a rating from Experian and they have a VantageRating of 718 which would at least be a "B". I have absolutely no delinquent accounts, late pays, I have never defaulted on a loan and I always pay on time. I only have 4 open accounts, my three credit cards and my vehicle. PURPOSE: My plan is to combine my two high interest Credit cards into one loan. I have been debt free before and I enjoy that situation much more than owing money on unsecured debt. I have three credit cards that total $29,000.00. I will pay one of these cards off myself but need to consolidate the two high interest cards. NET INCOME: $5,008.66 BUDGET: 2007 Budget DEBTS: Other than normal Home and vehicle expenses I only have 3 unsecured debts and 1 Vehicle payment. In order to pay off these debts quicker I sold my Harley Davidson and my Home. * Chase - Purchases 17.65% Cash 24.24% Balance -$11,800.00 * Bank of America - 32% Balance - $6,000.00 Chase - Purchase 16.90% Cash 23.49% Bal Xfer 16.90% Balance - $10,000.00 Vehicle - $25, 700.00 * Denotes Accounts to be paid with Prosper loan QUESTIONS OR COMMENTS: In order to answer questions and facilitate good communication please ask any questions or make comments at this location: Questions for Corey |
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