Eric's Credit Community

Purpose of loan:
I will be using this loan to pay off exsisting credit cards and loans that are just weighing me down.  I am very responsible about paying all my bills on time.  I would like to have a set monthy payment and know that all will be paid off in 3 years.

My financial situation:
I am a father of three and a husband to a beautiful wife.  Early on we made some bad choices with our credit. Five years ago I  took a pay cut with my job.  To cover for our losses we took out a high interest bearing loan.  To this day, I am still paying on the loan and it looks like it has gone NO where.  I also have some high interest credit cards that I am paying the minimum on and just want to get rid of.  I just want to have the financial freedom I deserve and be financially stable for my family. 


Monthly net income:  $2640
Wife Income:             +$960
                                   $3600

Mother-in-law lives with us and pay 1/2 mortgage of $1300

Monthly expenses: $2895
  Housing: $ 1300
  Insurance: $ 150
  Car expenses: $ 454
  Utilities: $ 200
  Phone, cable, internet: $ 60
  Food, entertainment: $ NA
  Clothing, household expenses $ 150
  Credit cards and other loans: $ 581 (replaced by prosper loan)
  Other expenses: $ NA

Loan will pay:
Personal Loan: $7000/$287month
Dell: $2700/$89month
CapOne: $2000/$60month
HomeDepot: $3000/$50month
=$14700

With this loan I will be able to pay one person one payment and know that I will be able to make the payments on time.  I will set my goals to become debt free and live the life I was intended to live.  With your help I WILL accomplish my goals.


Again, Thank You for taking the time to consider my loan.  If you have any questions please ask and I will give you a honest and true answer.