Eric's Credit Community

I recently graduated from Georgia Tech.  I lived beyond my means while attending college and am now trying to consolidate my debt at a lower interest than I am currently paying.  The lowest I have been offered thus far is 15.99% for the life of the consolidated debt.  My current interest rates are as follows:

$1,552.20 @ 15.99%

$1,705.81 @ 18.24%

$4,480.95 @ 25.99% as of August 20^th when a promotional offer expires.

My financial situation:
I was promoted after my graduation to accounts management with Grace Brothers Valet, the company I have been working for since March of 2006.  I am currently working full time.  The responsibilities of my job include: managing all monetary and accounting issues, customer service, and hiring. 

I have not been delinquent on any payment since 2001.  My car is paid in full and I do not travel far to work, I pay reasonable rent, and am currently living within my means while paying off my debt and growing my savings.  I plan to pay this debt off as quickly as possible and start focusing more of my surplus income on savings and investment.

Monthly net income: $2,900.00

Monthly expenses: Maximum $2,241.00
  Housing: $ 450
  Car expenses: $ 100.00
  Utilities: $ 100.00
  Food, entertainment: $ 600.00
  Clothing, household expenses $ 200.00
  Credit cards and other loans: $ 350.00
  Student loan: $ 141.00
  Other expenses: $ 300.00

NOTE: Part of my salary includes a bi-weekly payment based on the success of the company accounts.  The monthly net income shown is based on the minimum I could possibly make.  My true monthly wage has never been below $3,200.00.  Furthermore, I have estimated my maximum monthly expenses.  My pay has been verified by my group leader.

Free flow after bills: $659.00