Eric's Credit Community

I apologize to all the lenders the bid prior, but after discussion with some great lenders I have decided to relist with a different strategy to generate more interest. Please look at previous listings for further information. We are both low risk professionals with 0 delinquencies looking to payoff old closed credit card debit within 36-months without having to do a mortgage refinance and dip into our equity. Our previous listings were for ~18,000 to pay off all the cards with one note, but as a result of some recommendations by proper.com lenders; we have decided to break apart our request and are for this loan seeking $8,500.

This loan will be used to pay off the following cards:

MBNA (Closed) $4,847.00 (30.49%)
MBNA (Closed) $2,441.09 (27.98%)
Target $830.38 (27.74%)
Paypal $267.65 (23.50%)

Total: $8386.12

If this loan funds we will be requesting another loan for:

FCNB (Closed) $1,566.61 (18.90%)
Sams Club $519.18 (22.90%)
1st Financial (Closed) $5,497.00 (19.95%)
Capital One (Closed) $1,932.41 (18.40%)
Walmart (Closed) $243.89 (22.60%)

Total: $9759.09

Brief Background: We are both young professionals in our 20s, I am employed as a school teacher, the husband an assistant district attorney. I have been employed as a school teacher for 8 years, the husband as an attorney for 4 years. Because we both work in government our jobs are secure and stable with minimal risks of downsizing and/or layoffs. We own our own home (mortgage) and reside in a one of the lowest cost areas of the country, Missouri. The bulk of the credit card debt was the result of expenses incurred while in law school. We are looking for a 36-month light at the end of the tunnel so that we can start a family. We would like to avoid a refinance of our mortgage and closing costs to pull significant equity out of our house to accomplish our goal.

Financial Background:

Gross Income: $85,000
Net Income combined: $4,700/month
Fixed expenses:
Housing (Mortgage, Utilities, Phone, Cable, Internet): 1,300/month
Transportation (Two Car Payments and Insurance): 800/month
Student Loans: 300/month (Federal Loan of 300 in deferment not included)
Minimum CC Payments: 600/month (Total Balance 18,145 across 9 trade lines)

Net Income less Fixed Expenses: Approximately 1700/month (Same with prosper loan)

You won't be disappointed with our performance over the next 36-months. All information is verifiable upon request. Please email questions or comments!