Eric's Credit Community

I am a single mom with an 9 year old daughter.  I have a good job I enjoy and make a good income as a Human Resources Director in higher education.  Last year about this time I received a $2550 loan from Prosper that provided me with the opportunity to get out of a vicious payday loan cycle, move to a less expensive home and get my expenses back on track.

I originally listed for a second loan in order to pay off all old delinquencies on my credit report.  I have since taken the advice of a lender who responded to a post on the old RML forum.  She suggested I try to get rid of the delinquencies myself and try again.  I was able to pay some of them myself and a very dear friend loaned me the rest.  I would like this second Prosper loan to pay her off as soon as possible.  Getting your finances together is a humbling experience and sometimes you can't do it without a little help.  So I asked and received. 

My next steps will be to start making double payments on a high interest Beneficial personal loan.  Then I will do the same with my car.  Lastly I will really start chipping away at my student loans.  I want to be out of this major debt by 2010.

I'm aware my Prosper credit rating has gone down.  I can only assume this is because of my first Prosper loan being added to my credit report and possibly one of the credit cards.  It is fairly new; low balance, $300.  I have no new delinquincies since my last Prosper loan.  And have kept the Prosper loan 100% current 100% of the time.  (You hear that all the time, right?)  :-)

Two other friends have endorsed my listing.  Unfortunately, they are not in a position to bid at this time.  Maybe before the end of the listing.

Monthly Net Income  $5000  

Monthly Expenses
Rent $1400; Household Expenses/Utilities/Car/Gas/Entertainment/Personal $1100; Consumer Debt $800; New Prosper Loan $120 
Total Monthly Expenses  $3420

Monthly Net Income $5000
Monthly Expenses   $3420
Positive Cash Flow  $1580