Eric's Credit Community

My name is Lynda. I am a hair stylist and I have one daughter, age 5. I am interested in obtaining a loan to consolidate high interest credit card debt. I have some minor credit issues, mainly due to a previous marriage where I held the majority of financial responsibility. I have a tax lien for personal property that is paid but remains on my credit.  I have no other outstanding delinquencies and have been paying all of my financial obligations on time since.

I am currently employed at Texture Salon and have been at this location for 3 years. My weekly income is 900 per week.  My goal is to pay off this loan in less than two years by overpaying the minimum payment each month. Here is my Monthly Income and Expenses:

Monthly income:    3600 

Debt Payments:
Rent                      823
Car                        432
Auto Insurance         97
Credit Cards         420 (replaced by prosper loan $256)
Student Loan          71
Utilities                  45
Online                    40
Telephone              30
Cable                     80
Cell Phone             75
Gasoline              100
Food 80
Misc. (12%)         468

Total :               $2761 
Cash Flow:         $839
Cash Flow after
Prosper Loan:   $1003

By eliminating my credit card debt, this loan will increase my cash flow by $164 per month. This loan would pay:

Credit Cards     4750
Charge Cards   1250
Total                6500

As you can see, although I?ve had some minor credit issues, I have proven myself to be a low risk with good solid employment and excellent repayment habits. This loan in fact will ultimately improve my overall financial condition, increase my cash flow, and allow me to pay debts more progressively. I would like to thank you for your time and considering my loan request.