Buy a newer car, and pay down my Credit Card.

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Listing Information
Amount: $7,500.00 Status: Loan created
Grade: B DTI: 14%
Lender Rate: 11% Borrower: commonsenseman
Time Left: Finished State: MN
Funded: 100% Group: (No Group)
Loan Information
Loan Status: Current Origination Date: 2007-11-01 EricsCC ROI: 9%
Status History
Nov 02, 2007 Current
Purpose of loan:
I would like to buy a more reliable car to drive to work and college, and also pay down some of my Credit Card debt.

My financial situation:
I have always made payments on time, and am a very honest, hard working guy. I am going to college part time, and am paying for it with cash($400 per month). I work full time as a Facilities Coordinator/Accountant(I'm going to school for accounting). I live at home and pay my parents a small amount of rent, so I make enough money to easily pay for this loan.

Monthly net income: $ 1,800

Monthly expenses: $ 1,270
  Housing: $ 180
  Insurance: $ 90
  Car expenses: $ 200
  Utilities: $ (included in rent)
  Phone, cable, internet: $ (included in rent)
  Food, entertainment: $ 200
  Clothing, household expenses $ 50
  Credit cards and other loans: $ 150
  Other expenses: $ 400 (college)
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