I would love to pay off my credit card debts wisely

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Listing Information
Amount: $20,000.00 Status: Loan created
Grade: B DTI: 27%
Lender Rate: 18% Borrower: payout-collector
Time Left: Finished State: NY
Funded: 100% Group: (No Group)
Loan Information
Loan Status: Current Origination Date: 2008-09-10 EricsCC ROI: 17%
Status History
Sep 09, 2008 Current
Purpose of loan:
This loan will be used to? pay off my revolving debt so I may be able to use the money that I normally spend paying off individual credit cards to invest my money wisely. In addition, I am saving for an engagement ring

My financial situation:
I am a good candidate for this loan because? I am extremely responsible financially; I have learned the true value of a dollar. I make a good enough salary that will allow me to pay off this loan in an effective and timely fashion. The $10,000 raise that I have received this year has given me additional financial flexibility. I will use it the right way.

Monthly net income: $ 5,500

Monthly expenses: $
  Housing: $ 0
  Insurance: $138
  Car expenses: $ 292.50
  Utilities: $ 200
  Phone, cable, internet: $ 165
  Food, entertainment: $ 400
  Clothing, household expenses $ 200
  Credit cards and other loans: $ 1,000
  Other expenses: $ 0
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