Eric's Credit Community

Due to space issues I have to make this very short, but you can contact me for more info. I am requesting $1,900 for 2 reasons. First it?s to cover the $370 plus fees and 425% interest for a payday loan I obtained. I?ve already extended the loan 2x by just paying the fees and a small amount toward the principal. As of now, I owe $423. However it becomes a trap if you can?t pay off a loan immediately in full when its due. I know this from past experience, but I was really desperate. My car had broken down twice in a 10 day period. The second repair was not covered by my extended warranty and so I needed the payday loan to add to what funds I had left. The second reason I am requesting a loan is to pay off the remaining balance of my car loan which is $1,428. My car is getting older (1998) and its developing more problems and after 2 breakdowns last month ? I just want to pay it off immediately so that I can sell it or trade it in for something more reliable. Paying off my vehicle now will also boost my credit which is what I need since I am recovering from a Ch 7 bankruptcy. I know that I can pay back the prosper loan (approx. $72 a month) I request because I will no longer have a $330 car payment . With a prosper loan, I can finally start contributing to my savings so that I won?t need to rely on any more payday loans. Here are my expenses: Take home pay: $1818 a month Son?s SSI : $411 Before Rent $515 Food $400 Car $330 Car Ins. $200 Cable $175 Credit/Loans $100 Laundry $80 Cell Service $75 Life Insurance $56 Carfare/Gas $60 Telephone $30 Total $2,011 After Prosper everything remains the same minus the car loan $330. Thanks