Eric's Credit Community

Purpose of loan:
This loan will be used to? Pay off some bills that I have accumulated over the winter months. I'm not going to give you some sob story but i had a few setbacks over the winter and before I knew it I was knee deep in payday loans. I need a small loan to get these things taken care of. I would much rather pay interest to the prosper community than to pay 500% to these money grubbing payday loan places.

Financial situation:
I am a good candidate for this loan because? I have a steady job and have been there a long time. I just need to get caught up due to some bad circumstances. Other than the items I plan to pay with this loan I really don't have a lot of other bills so repayment will not be a problem. If approved for this loan I will be saving almost $700 a month that will not be going to the payday loan stores so the $200 payment on this loan will be a bargain for me. Please help me get out of this viscous cycle. I actually would be more than willing to pay a higher interest rate but the 15.55% I have it set at must be the max rate for Wisconsin.

Monthly income: $ 2500

Monthly expenses: $ 2350
Housing: $ 475
Insurance: $ 100
Car expenses: $200
Utilities: $ 200
Phone, cable, internet: $ 125
Food, entertainment: $ 200
Clothing, household expenses $ 250
Credit cards and other loans: $ 800 (all of which will be paid off upon this loan being granted)