Eric's Credit Community

CURRENT STATUS:  I am single mother with 2 daughters in college, with high tuition obligations and expenses. I have been with my current employer for over 5 years, but in same field for 15 years.  My income is steady but recently lost a long term low rent arrangement on my apartment which was sold to new owners.

CREDIT:  I have always maintained A+ credit until recently.  I have increased income to debt ration due to expanding my business, additional tuition (as mentioned).  Multiple revolving accounts and income to debt ratio are primary reasons for my reduction in credit score. Both delinquencies are inaccurate credit info in process of being eliminated from credit report, will be off within 30 days. 

REASON FOR LOAN:  Primary reason is debt consolidation. I am looking for a competitive loan to pay off and close my high interest accounts and rebuild my credit.

MONTHLY INCOME/EXPENSES

$5,500 to $6,500    -Net Income + $1,400 -Social Security Income caring for parents living w/me
$1,300  -Rent (apartment)
$250     -Office Space Rental
$225     -Phone monthly avg.
$95       -Gas/Electricity
$475     -Food avg.
$180     -Insurance (1 car)
$65       -Cable/Internet
$1,255  -Credit Cards /Loan
$354     -Car Loan
$150     -Mortgage

$4,349   -Total Monthly Expenses
$7,400   -Total Avg. Income

$3,051   -To Make Payments on Prosper Loan

Own Income Property, mortgage $1,850 renting @ $1,700 (80K in equity, 7% increase @ present per yr)
Long term Bond Holdings (current value $20,000)

Thank you very much for your time and consideration