Eric's Credit Community

Purpose of loan:

Maybe asking for $7200 is a bit too much for now. Let?s try a lower principal. Hopefully that will help.

This loan will be used to pay off half of my 23% APR US BANK credit card. It's the last one that a) has a high balance of about $6900 and b) has the highest interest rate. I have successfully used Prosper TWICE to assist in paying off my unsecured debts. One by one my credit cards get cut in half and I am hoping to at least cut down the balance in half so my monthly minimums are lower! The interest rate quoted above surprisingly would provide a lot of relief for me considering I pay more than that!

With this loan matching 50%, I will work hard in the next 2 months and fund the remaining 50% with my tips. This way I can finally be done with this dang card! Thanks lenders!

My financial situation:
I am a good candidate for this loan because I have been a very dependable and successful Prosper borrower in the past. I make my monthly minimums each and every month, and tend to pay more whenever possible. Despite my credit grade, Prosper lenders have still funded two loans in the past with which I have gone above and beyond to repay in an efficient and timely manner. I am confident I can do the same with this loan.

I look to realistically have this loan paid off between 6 and 10 months.

Monthly net income: $3000

I work as a valet for a hospital (full-time), and now just recently a 5-star hotel (part-time).

Monthly expenses: $1310
  Housing: $450 rent
  Insurance: $0 (taken out of paycheck automatically)
  Car expenses: $80 gas
  Utilities: $ 50 electric and water
  Phone, cable, internet: $80 combined
  Food, entertainment: $100 groceries
  Clothing, household expenses $0
  Credit cards: $350 minimum
  Student loan: $200