Eric's Credit Community

THANK YOU!!!! To everyone who previously bid on the last listing I had up! I am hoping this re-list will will work and I will be able to secure a loan.

I am trying to pay of eight credit cards. All the interest rates vary between 22-29%. Balances are as follows:

$3,000.00; $1500.00; $650.00; $750.00; $140.00; $2,000.00; $1,000.00 and $800.00

I am a good candidate for this loan because I am fully committed to getting out of debt and staying there. I have scaled back any other spending (including life's "essentials" like eating out and coffee everyday) in order to do this, but am realizing it may take a lot longer than what I hoped due to the higher interest rates on my cards. I never pay late, and want to build my credit score and not tear it down by having any late payments at all.

**My "other expenses" are paying for babysitters for my daughter and prescription costs.**

Purpose of loan:
This loan will be used to? finally pay off all debt and begin saving in order to move out of my parents house! I am a single mom and have been blessed to still live with my parents who help me greatly with my daughter. Unfortunately, since I do not have to pay housing expenses beyond cable and my own phone, I created a lifestyle for myself where I am now living paycheck to paycheck in order to pay off all my bills. I want to get serious about paying off my debt and start to save to have first, last, and security payment in order to move out of my parents house and have my own place to raise my daughter.

My financial situation:
I am a good candidate for this loan because? I pay on time, all the time. I use my banks online bill-pay which has been a lifesaver in paying bills on time. Without it, I would still be writing checks and hoping they made it in time! I work hard and I am not interested in getting back into debt. I recently chopped up all but one of my credit cards and now keep the scraps in an envelope in my desk! I am hoping to get a second job once the school year starts again in order to relieve some pressure, but might not be able to due to child care needs.

Monthly net income: $ 2100

Monthly expenses: $
  Housing: $
  Insurance: $ 67.00
  Car expenses: $ 550.00
  Utilities: $ 50.00
  Phone, cable, internet: $ 70.00
  Food, entertainment: $ 250.00
  Clothing, household expenses $
  Credit cards and other loans: $ 800.00
  Other expenses: $ 250.00