Eric's Credit Community

I am 36 years old, married for 19 years, 2 children ages 15 and 12 years old. I have been with my current employer for 7 months and was with my last employer for 9 years.

Explanation of Bad Credit.

My husband works in the Telecommunication industry. After 9/11 happened the telecommunication industry hit rock bottom. My husband lost three jobs in three years. Also, during that time my father passed away and we had to sell our house for just what we owed on it so that we could move in with my mother and take care of her and her expenses until she could find a job. My husband now works for a great company and has been at his job for a little over two years. Just as we had gotten back on our feet from his losing three jobs we went to buy a house and had a mortgage broker take advantage of us. He talked us into closing on a loan with a big PMI rate and promised he would refinance the loan within 30 days to a VA loan (my husband is a veteran). He never refinanced our loan and we ended up losing our house and fell behind on all our bills trying to make those high payments. We are now in a much better position except that I got caught up in the payday loan scams. We make plenty of money a month but are paying over $700 every other Friday for these loans. I promise to use the money I get from this loan to pay off all of my payday loans.

I promise to stay active in my group until my loan is paid in full. I promise to make all payments on time. My husband and I are determined to stop living paycheck to paycheck so that we can provide a better life for our children.

HERE ARE OUR MONTHLY EXPENSES (after loans are paid off):

Rent 1075.00

Car 700.00

Phone: 60.00

Car Ins. 152.00

Water 75.00

Electric 250.00

Gas 75.00

Food 500.00

Gas for cars 400.00

Total: 3287.00

Income: My husband?s monthly $4000

My monthly Income 1666

Total: 5666

Leaves $2379 a month for loan, clothing, and misc.

As you can see I have plenty of money left over to pay for this loan. I am determined to pay this loan on time to better my credit rating and to prove that my credit rating is not who I am!