Eric's Credit Community

About me

I?m a 26 year old Network Technician living in San Diego, CA. I?ve been working in the Information Technology field for over 6 years now, 30 months with my current employer. I hold a B.S. in Information Systems Security.

Purpose of loan

Pay off CASH CALL scam + Pay off credit card

I?m currently trapped in 2 debts with horrible interest rates. If I?m fortunate enough to get funded on this peer to peer loan, I will be able to escape these never ending debts. This consolidation will allow me to have a lower monthly payment than I?m paying now and enable me to realistically drop these debts all together. My credit score will also benefit from this consolidation, which will enable me to me qualify for even better rates down the road.

Here?s a decription of the 2 debts:

CASH CALL - $5,000

I could sit here and tell you a lie that I had a family emergency and needed some money, but instead I?ll tell the truth? Some time ago I was low on funds, younger and dumber, and fell for the CASH CALL SCAM. I received a loan from cash call for $5,000 @ an interest rate of 100%. I have made payments of $250 per month for about the last year and $0 of it went to principal of the loan. I have realized that the only way to pay off this loan would be to pay in full (I make good money, but not that kind). This is by far the stupid thing that I?ve done to date and have learned NEVER to do again.

Credit Card - $3,000

I have a balance of $2,867 on my AT&T universal card with an interest rate of 32%. If I fortunate enough to get funded here, I will payoff balance in full.

My financial situation

My gross income for 2006 was $69,387 and will increase in 2007 (received $5,000 raise at beginning of year and much more OT).

My monthly budget

Monthly income (After taxes) = $4000-$4500

Mortgage/rent: $1800
Insurance: $100
Car Payment: $240
Gas: $160
Utilities: $50
Phone, cable, internet: $75
Food, entertainment: $500
Credit cards: AT&T Universal = $260

CASH CALL Loan = $250
Student Loans: $100
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Total monthly expenses: $3,335

I appreciate your consideration