Eric's Credit Community

        THIRD TIMES A CHARM!!!

    OK, I am trying this listing one last time. I have an absolutely perfect payment history on Prosper, so why won't anyone loan me money??
    I am looking for a loan to payoff a high interest rate credit card. I am currently a third year law school student that will be graduating in May and I work part-time as a bartender. My student loan provides me $1500 a month, and I make about $3000 a month tending bar. That's $4500 a month. My dti is high for two reasons: #1. My student loans show up in payment status even though the payments are deffered until after I graduate. It makes it look on my credit report as if I have an extra $2,000 a month in payments that I don't have. #2 reason for my dti being so high is that as a bartender most of my income is tips and is not reflected on my paycheck stub. I could put my actually income down here, but I wouldn't be able to prove it.

Why I am a Good Risk    
        I am making good money right now, and I actually already make pretty big payments on this card (normally around $250 a month). I will be able to make this Prosper payment without there being any real economic stress because it is a payment that I have already budgeted. Also, I used to work for Wells Fargo in the lending department so I understand the importance of having good credit. Mine is a credit grade D not because of DQ's or late payments, but because of my high credit card utilization rate. This occured because when I first started law school I pretty much had to max out all my cards. I am paying them down and that is what this loan will help do. Also, you can see that I have had a loan on Prosper currently, and I have NEVER missed a payment or made a late payment.

Why I Want this Loan
        I understand that the interest rate I will obtain on this loan will be about the same as the credit card and my payments will be about the same. I really want to pay this card off and I like the installment loan aspects of Prosper loans. Also, I would rather pay interest money to other lenders like me and not some big credit card company.

~Also, note that my credit grade has improved since I started my first loan on Prosper, and I'm looking to improve it even more!

    Thank you for your consideration. I am also a lender on Prosper, so please ask me any questions you may have.
Thanks again!