Eric's Credit Community

Hello, I am a single woman, 0 dependents.  I have worked for the same company for over 10 years as a budget analyst.  My annual salary is $77,753.

My credit card bills are paid on time and my credit report reflects my efforts. (Eq 645, Ex 634, Tu 623).  However due to the high balances on the accounts (and the high interest rates 22.99% - 30.49%), I feel as though I am just treading water.  I have been bridging the gap with Payday loans, but this has only compounded my problem.  

This loan would allow me to break the cycle and create a sustainable budget. My goal is to close all but one of my credit cards by Dec. 2007 and to have a credit card balance of no more than $2100 (35% utilization of a $6000 limit).

I will use the Prosper loan to pay off my payday loan and eliminate 3 credit cards with $4274.  The remaining $3300 will be used to significantly decrease the balance on my remaining credit cards.

  Budget: