Eric's Credit Community

Relisting with a lower amount- my last listing funded to 48% of $7075. There are new updates to my details as well.

I maintain a thread on the forums in which I've answered questions, discussed goals, plans and actions. Find it here:  http://forums.prosper.com/index.php?showtopic=28979

My focus is paying off debt and creating a "cash only" life. Consolidating payments will increase my ability to pay debt quickly and lower my interest. My cap is 10.3% which I understand is low for an investment, however I am a solid, stable borrower who will not default. That would be counterproductive for me and ungrateful to those who bid on me.

Since last listing:
1) I continue to decrease debt- $50/week is assigned (in addition to mins) towards paying off one debt at a time. 35% of all income from my direct sales business and any surprise extra is also used to pay down debt.

2) I am building an emergency account in high interest savings. $10 of my check per week is added as well as 5% of other income described above.

3) I have taken my direct sales business (AtHome America) to the next level, with a promotion involving higher bonuses on my sales and the sales of my team. Recent efforts have provided a booked Fall and several potential new team members. This will increase my extra income.

4) I continually review what our money is spent on and what our costs are, to maximize savings and find better value.

Monthly net: $2534
from FT job, does not include AtHome America income as that is variable and not considered as part of my regular income for budgeting.

Expenses: $2522.86
Household: $897.54
Total Car: $483.64
Grocery, savings, entertainment, misc: $650
Credit cards and other loans: $491.68 (inc. extra $50/wk)

Loan will pay in full:
Dell- $1355.18 @ 26.99%, $41/mo
HD loan- $1878.74 @ 17.99%, $88.68/mo
Fuel account- $389.77 @ 18.00%, $50/mo

Current/mo: $179.68
Prosper: $118.65
Save $61.03

This is a combination of high interest and high minimum debt to ensure the loan payment is not higher than current payments. I can apply the savings along with my current payments to make significant impact on the remainder of my debts.