Eric's Credit Community

ABOUT ME
49-year-old professionally employed with the U.S. Government for more than 15 years with a strong regular income. Custody of kids 22, 20,16,10 and 1 yr old grandson.

INCOME
Annual salary $134,600 ($5180 gross per biweekly payday), verifiable + $4800 incoming child support. 
    $11,223 gross monthly income
   + $400 monthly incoming child support
   - $4,126 monthly all taxes, health and life insurance, 401k
   - $3,440 monthly expenses (see below)-
   - $3,700 monthly housing, revolving and other debt payments (see below)
  = $357 Monthly leftover income.
Have provided pay stub to GL.Net monthly $7040 + incoming child support of $400 totals $7440. Gov paycheck EFT every other Monday for almost 16 years.

PLAN
Raise score to mid 600s for 100% mortgage on house leased for past 3.5 years. Pay car off ($4100) & divorce related collections ($2100) & 2 smaller balance cards of $500 & $750 Aspire. Increase payments on remaining cards & pay off within a year. $7500 PROSPER loan @ 29%= approx $318 monthly. Less car $543 & cards of $80 (minimum) for less debt of $623 + PROSPER of $318 = increase to disposable income of $305 monthly. Reduce car insurance to liability only minus daughter decreases auto insurance bill by $150 monthly/ net increase of disposable income of $455 monthly.

MONTHLY BUDGET & EXPENSES
* Food-Groceries/$800
* Utilities/$600/gas, water, electric, phone, cable
* Cell Phones/$180
* Car insurance/$630/ 3 young drivers
* Day Care/$520/Grandson
* Prescriptions/$160
* Dental/$150
* Clothing/$200
* Auto/$200/oil, gas
*Savings/$600/savings and emergency funds savings and emergency fund: $3,440

MONTHLY DEBT/ HOUSING & REVOLVING CREDIT
TYPE/ PYMNT /   BALANCE /  APR
* Car / $543 /$4100/13.89 % PAY OFF with Prosper loan
* Capital One/ $30 /$430/ 23.19% PAY OFF with Prosper loan
* Aspire /$28/$600/24.85% PAY OFF with Prosper loan
* House $1500/3.5 years w/1 additional year purchase option
* Car /$685/25,600 /15.9 %
* Car / $434/17,775/17.49%
* Capital One/$30/$1000/23.49%
* Citgo/$27/$925/19.24%
* Orchard/$20/$600/21.99%
* Orchard/$35/$900/20.49%
* Providian/$172/$3200/22.21%
* Providian/$180/$4400/21.69% 
Total monthly revolving debt $3700. After payoffs & Prosper loan of $318 = $3395.

DELINQUENCES
From Divorce & Medical Bills 1) AT&T cell 09/02 used by ex who was to pay them and left me the bills 2) AT&T long distance re bill by factoring company after previous settlement paid 6/02 for remainder of $78 on house wife lived in during and after divorce 3) Verizon Wireless -05/04. Ex wife and daughters finance phones.4, 5, 6) Medical ($200) 5/05, 8/05,10/05 insurance payment dispute heart attack 2 years ago, one is duplicate.PUBLIC RECORDNow a 9-year old Chapter7, filed when wife was unable to find job in Border town with salary close to her old one in Houston due to lack of similar job market and lack of her Spanish Speaking ability. Last year in Houston $37,000 salary in new job working for the state $13,000 a $24,000 decrease. http://forums.prosper.com/index.php?showtopic=10968