Eric's Credit Community

I pledge to pay my obligation to the kind, hardworking Prosper funders on time until it is fulfilled.  I want my group to keep its perfect stars and be a model borrower.   I have significantly pay down my delinquences since last listing.

Purpose of loan: To pay off CashCall loan... Loan was for 2600 and the balance is 2600 at 99% interest rate. 

Background:  I am married with small children (ages 3 and 1).  I have degrees in accounting and in computer information systems.  My husband is a journeyman (electrician) and he is currently working on being certified.   I own my home and have been living here for 4 1/2 years.  My mortgage is a 30 year fixed rate.  Address and home ownership are already verified through Prosper.  I owe approximately $113,000 and have a value of $180,000.    

I am employed with a salary of $68,000 a year that is verifiable (paystub and offer letter.) I also have direct deposit.  I am paid on a bi-weekly basis.  I have been at my employment for almost a year.  Prior to this job, I worked for one of the largest humanitarian organizations in the US for 9 years as a analyst.  Payment type on Prosper loan (if granted):  automatic debit payment from bank account.  Bank account has already been verified
Explanation of Current delinquency: Orchard Bank & HSBC $1800 - I am currently making payments on these accounts.   The delinquency will remain until account is paid in full.  Update: Orchard Bank was paid off on 4/14/2008.  An old Verizon phone bill for $458.00 and this was paid off on 4/14/2008 as well.  Lastly, a store credit card payment was not paid within 30 days but is now paid in full as of 4/14/2008.   This was a card I had not used in awhile and wanted to use before they closed the account.  I did not see the electronic bill that was sent and forgot about the account.   When I paid it off, I negotiated with the creditor to erase the 30 day late from credit reports.  
I paid 3 out of 4 delinquencies on the same day with money from consulting job.  

Monthly net income: $ 4400 after taxes  (consultant work  & Husband salary not included in above salary is $3000 a month)

Monthly expenses:  Savings $200; Mortgage $1200; Car Insurance and expenses $426; Utilities: $78; Incidentials   $ 240; Food, entertainment:$350;  Credit cards: $ 200; Other expenses: $ 216 (Cashcall ? it has a 99% interest rate); homeowner fees  $316; Investment in Prosper $ 50.00 = My total expenses $  3276.00  Spending cash after paying expenses is $1124.00 (not including husband income + consulting work)  More than enough to pay Prosper loan.

This loan will help me save money while be committed to improving my credit rating.  I am gearing up for my student loans that will soon come off of deferment.   Lastly, I have overcome some of my most recent misfortunes (see previous listing) while maintaining a commitment to being financially responsible.<