Eric's Credit Community

Loan Purpose:

Hi. Thank you for looking at my loan request.

The purpose of this loan is to pay off my high interest credit cards.  One in particular has an astronomical interest rate that makes it difficult to pay much more than the minimum payment on the remaining cards and prevents me from ever making any progress.

I would like to note that there is one delinquent charge for $15 on my credit report that I am in the process of disputing. Other than that my credit has been clean.

Financial Situation:

My financial situation is steady due to a job I have had for over 5 years. However, my frustration with my debt situation has recently drove to get a second part-time job.

I would be a good candidate for this loan because improving my credit is my number one priority. Although I have made poor financial decisions in the past, my clean credit report illustrates my dedication to making my payments on time?always.

One reason my DTI is so high is because Prosper.com includes this loan I'm requesting (adds 9%). Please consider that this loan is replacing a portion of my credit card debt, it is not in addition to it. My DTI also appears high because having only recently started my second job (approx. 3 months) I did not think it was fair to include it with my "long-term" income.

My family and I have always done our best to help others when we can and this is why I think Prosper.com is so appealing to me--a place where you can see people helping each other. I hate being in debt and I am going to do whatever it takes to get rid of it. 

Once again, thank you so much for considering my listing.

Monthly Net Income: $2500
Monthly Expenses: $2075

Housing: $550
Car: $300
Utilities: $120
Phone: $55
Food/Entertainment: $150
Clothing/Household: $100
Credit Card Payments: $700
Other: $100