Eric's Credit Community

Introduction:We are hard working 33 and 34-year-old couple trying to get out of debt. Together we make around 90,000 I am a cosmetology instructor, making 34,000 my husband is a floor supervisor on a gaming boat, making 56,000

 Loan Request:We would like to take out this loan for three reasons. 1) Start consolidating our existing credit cards that currently total $ 18,000) Improve our credit score 3) stop living paycheck to paycheck & be able to hold our heads high again.

Credit History:As you can see we have always paid all debt as agreed. We have no past or current delinquencies. Our credit score is lower due to our excessive debt that we have taken out over the years. In the past we had just bought whatever we wanted and put it on our credit cards. Now we know that to have financial freedom you need to limit your spends and pay off your credit cards each month.

Repayment Ability:We have been employed on our same  jobs for 11 and 12 years. We both enjoy our jobs and plan on staying there for the years to come.Here is our monthly
 
BudgetIncome:  Monthly Total Expenses:
Mortgage -1879.00
850.00-cars
170..00-insurance
1200.00-credit cards-(we are paying way over the min. per month)
Prosper Loan payment on existing loan, current and up to date- $170.00
food-120.00
Misc. necessaties-100.00
utilities-850.00
gas-250.00
medicine-100.00
home equity loan-50.00
IRS repayment-50.00
medical-50.00
Total Expenses 5848.00
Salaries Take Home Pay-5600.00
As you can see we are -248.00 a month. Our savings is quickly depleting.
By paying off 3 of these credit cards that carry lower balances, we will continue our plan to reduce our debt as quickly as we can. As you can see this loan fits into our budget and we will pay it back on time, just as we have on our 1st Prosper loan.
Thank you for your time and interest in helping us on our way to financial freedom!!!