Eric's Credit Community

Purpose of loan:
The purpose of this loan is to help me pay off and walk away from a couple of payday loans I have had the misfortune of taking out. I want to roll my payday loan debt into one lump payment and pay it off in a manageable way (through this loan).

My financial situation:
I am a married working mother of 4 children. Both my husband and I work full time and get paid decently, enough to support our lifestyle ? if it weren?t for the fees that we have to pay to payday loans. A few months ago, my husband was laid off and out of work for about 5 months. He?s been working full time now in a new job since March. During the time he wasn?t working, we resorted to payday loans to help us get by. Now we don?t need them, but we can?t get rid of them.   Our credit history is spotty. 4 years ago we filed for a bankruptcy. Our delinquencies and open credit stem from that. Currently, we only have 2 credit cards (max limit of $300) that we have never used. We just have them to help build our credit back up. Our record may say that we are a ?HR? but we are not. We are on the right path. Below is a breakdown of our monthly finances with and without the Prosper loan. The incomes shown include both mine and my husband. This is a re-listed loan. I?ve adjusted it to breakdown our finances better and am seeking less money than before, enough to walk away forever from the payday loans.

Monthly net income: $5,000

Monthly expenses: $4,628
Housing: $1,200 rent
Auto Insurance: $69 ? medical insurance is taken out of our paychecks and not factored into our net income (above)
Car payment: $269 (1 car paid off, 1 with about 2 years remaining)
Utilities: $150 on average (higher in winter, lower in summer)
Phone, cable, internet: $125
Food: $900 ? we have set a budget of $210 a week for food, which breaks down to $900 a month, approximately. We are a family of 6. That?s $30 a day for 3 meals a day for 6 people. $900 a month sounds like a lot of money to many people on here, but when you break it down, $30 a day for 6 people for 3 meals is not much money. We are very thrifty when it comes to grocery shopping.
Household expenses, medical bills, etc $300 ? We like to budget a couple of hundred for life?s little expenses such as doctor bills, haircuts, new shoes, laundry detergent, etc..
Credit cards: $0.00 ? as stated above, we have 2 $300 max limit cards that have yet to be used.
Student Loans: $180 ? 2 loans, one mine, one my husbands. Both are fully consolidated.
Gas: $250
Childcare: $1,185 ? we have four kids, it adds up.  

This leaves us $372 each month. HOWEVER, we are locked into a couple of payday loans. We have to pay them back every 2 weeks and take out another loan each time to keep up. The fees for those alone are $570 each month. We?re short about $200 every month so we have to resort to tactics like paying bills later than we?d like or limiting our food budget at times, etc.  

If we can get funded for $2150, then we can afford to pay off these loans in full, and walk away from those places forever. We would then have almost $400 left each month to use towards this loan, which will be about $85 per month. The rest of the money we can FINALLY start putting away in our savings account for emergencies and the like so that we don?t ever go into such debt again.  

Thank you so much for taking the time to consider this loan.