Eric's Credit Community

From group leader: Lenders, if you wish to know about future loans from 'A thru E graded Loans' before they come live on the website, please send me your email address via private message or feel free to join the group as a lender if you enjoy our quality of listings.

Purpose of loan: I will use this loan to pay off several High Interest Credit Cards in order to get a lower interest rate and improve my credit rating by not having everything maxed out.
Credit Card # 1 $4048-19%
Credit Card # 2 $1096-24%
Credit Card # 3 $1217-24%
Credit Card # 4 $1076-22%
Credit Card # 5 $860-29.24%
Credit Card # 6 $378-19.8%

Financial situation: I obtained all my debt during school due to the fact that i could only work so many hours with my schedule and it being a low paying job. I have now graduated and am employed full time. I have no housing expenses due to the fact that I live at home with my mom (single mom with 2 kids including me) who works very hard to survive. I plan on Living at home for another year and then moving out into an apt, but my ultimate goal is to purchase a house. By getting this loan I will be able to pay off my credit cards and help my mother out a bit along with putting money in savings and my IRA. Once these cards are Paid off they will never be used again.

Monthly net income: $ 1636 Gross 2080

Monthly expenses: $ 923 (with Loan $1,276)
Housing: $ 100 (I help my mom out with $100 each month, but in emergency I can stop)
Insurance: $ 128
Car expenses: $150 Payment + 50 Gas =$200

Utilities: $ 0
Phone, cable, internet: $ 80
Food, entertainment: $ 150
Clothing, household expenses $ 25
cards and other loans: $ 3 card at $ 30 each = $90 (Prosper loan $353)
Other expenses: $ 150

Cash Flow: 1636-923 = 713 (with Loan 360)

Employment: I work for a very well known appliance company as a drafter/designer, I work a constant 40 hours a week and my job is very secure. within the next few months I am hoping to advance to another position that would include a pay increase.