Paying off credit cards

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Listing Information
Amount: $5,500.00 Status: Loan created
Grade: A DTI: 5%
Lender Rate: 11% Borrower: mmemme
Time Left: Finished State: FL
Funded: 100% Group: (No Group)
Loan Information
Loan Status: Current Origination Date: 2008-09-09 EricsCC ROI: 10%
Status History
Sep 07, 2008 Current
Purpose of loan:
This loan will be used to? pay off high interest credit cards

My financial situation:
I am a good candidate for this loan because? I have a stable job working at a school as a teacher.  I am in my eleventh year teaching math.  My wife & I have been trying to get out of debt for quite some time.  I make my monthly payments and am ready to get rid of my credit cards.  My wife is a stay at home mom for a few more years, we have 2 children.


Monthly net income: $3000
Mortgage: $1100
Utilities: $200
Cable/Phone: $200
Credit Card: $450
School Tuition: $230
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