Eric's Credit Community

Why am I here:
While experiencing an illness, my work schedule went to part-time (sometimes no time). This put considerable strain on our ability to make payments on mortgage, cars, insurance, co-pays ($35 - $100 a visit), medications ($25-$70), utililities, credit cards, furniture bills, etc. The priority became keeping the utilities running & the mortgage. Working fulltime again, our difficulty is digging out of the hole that we're in.

Summary:
Request: $6,500.00
Interest Rate: 29%
Payment: $273.00
Purpose:
Mortgage-$1826
Pay medical bills - $1100
Furniture-$3500 (monthly payment $277)

Budget:
Yearly Income:
Borrower - $56,000
Husband - $48,000
Side annual income - $4500
Monthly Net Take-home: $5,600.00

Current Expenses:
Mortgage $1500
Utililites $800
Car 1 $611
Car 2 $435
Visa $50 @ 13%, $1200 bal.
Line of credit $75 @ 17%, $2000
Furniture bill $277
Auto ins. $155
Orthodontist $119
IRS $150
Food/Gas/etc $400
After-school care $160
Savings $150
Delinquent payments- extra $550 for mort. payment argmt.
Expenses v Remaining: $5432/$168

Expenses w/ Prosper Loan:
Mortgage $1500
Utililites $800
Car 1 $611
Car 2 $435
Visa $150 @ 13% 
Line of credit $175 @ 17%
Prosper $273
Orthodontist $119
Auto Ins. $155
IRS $150
Food/Gas $400
After-school care $160
Savings $250
Expenses v Remaining: $5178/$422

Other Items of Note:
The student loans are in deferment until Nov 07 because I'm currently in school @ AIU. By the time these payments are due, the car loan for $435 will be 3 months shy of being totally paid off. Also, I have not included the credit card payoffs in my Prosper loan because the interest rates on these items are much lower now & I am able to pay them once I get everything else caught up.. I have included an extra $200 in payments to credit cards each month which will pay the balance down considerably in a year (not including income tax refund which will go towards debt as well). My credit report also lists public records which are explained as follows: When I purchased my first home in Feb 01, the IRS placed a lien on it in Apr 01 for an unpaid state tax bill of $646. The bill was paid completely off in June 01. Prior to that, as a teenager, I co-signed on a car for a boyfriend which was eventually repossessed. Since I was the one with the stable job, the creditor sued me for the balance.. This was paid in full by June 2000.

http://dove676.wikispaces.com/
Thanks for your consideration,
Dove676