Eric's Credit Community

Purpose of loan:
My goal is to be dept free!  I want to pay off my high interest credit cards. I am 23 and have realized what debt can do to you and your future. When I realized I was not making any progress in paying off my debt I started working two full time jobs. My situation changed with my primary job and I was forced to go back to working one full time job. Recently I had noticed my current employer had been over paying me for about 6 months, I brought it to there attention and they told me I had to pay it back by the end of the year, this started in August and they are taking a $240.00 a month for reimbursement. So this situation made it even more difficult to achieve my goals. With your help I can get out of and stay debt free.

My financial situation:
I have never been late on a payment; I always try and make my payments early and larger then the minimum required payment. I am going to be moving to a less expensive place, I try and carpool to work to save on gas, and I just refinanced my vehicle to get a lower monthly payment. I look at it this way, if I?m smart enough to realize my situation and do something about it then I am smart enough not take this situation for granted.

Monthly net income: $2,300

Monthly expenses: $
  Housing: $ 650
  Insurance: $ 40
  Car expenses: $ 400
  Utilities: $ 150
  Phone, cable, internet: $ 50
  Food, entertainment: $ 100
  Clothing, household expenses $ 150
  Credit cards and other loans: $ 350 At a minimum
  Other expenses: $ 

As you can see there is not much room for any error, and very hard to make any progress in getting out of debt. A lot of my payments go to my interest rates and I feel like I am going no where.