Eric's Credit Community

Hello and thank you for viewing my listing.

I fell into the college credit card trap and I'm trying to get rid of my high interest credit debt and give my credit rating a boost. The interest rates on my cards are very high, even though I haven't missed any payments in years. I'm currently working towards my MBA and want to get rid of the high interest rates.

I would use the Prosper Loan to pay off the following Credit Cards:

$3,884 - MBNA Line of Credit
$998 - Chase Visa
$1,591 - Dell Premiere Account
$981 - HSBC Master Card
$546 - Capital One Master Card
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$8,000 - Total amount of Debt to pay off

I am employed as a Release Engineer for a software company in Kennesaw. I have been employed there since May 2005.

My current monthly net income is $3,000.

Here's my monthly budget with the prosper loan in place:

$586 - Mortgage
$55 - Electricity
$60 - Telephone
$175 - Car Payment
$100 - Insurance
$120 - Gas
$400 - Other Credit Cards Not paid off with loan
$525 - Groceries
$100 - Recreation
$90 ? Internet & Cable
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$2,211 - total monthly expenditures

As you can see, I have over $789 left over to be used, not only for my Prosper Payment, but for savings and emergencies so that I never get into this situation again. I can begin to reduce my debt and get back on track to increasing my credit rating and lowering my debt to credit ratio.

I promise that my payments to Prosper will be my top priority each month.  I