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Penn Man Reduces Debt by $50K in One Year with Mentoring from Prosper Inc.

Ed Myers of Washington Crossing, PA, has eliminated $53,000 in debt in one year thanks to the personal mentoring of Utah-based Prosper Inc.

Provo, UT, January 24, 2009 --( By applying the debt elimination techniques of bestselling author John Cummuta and with the personal mentoring support of Prosper Inc., Ed Myers of Washington Crossing, Penn., reduced his debt by more than $50,000 in just one year.

“I first heard of John Cummuta’s program on the radio and immediately told my wife about it. We had been living paycheck to paycheck and getting further and further into debt every year since we were married in 1996,” Myers said. “My wife was not too thrilled with another ‘get rich quick’ scheme. I told her it wasn’t about making money fast, but changing our lifestyle and attitude about money.”

Myers has experienced a dramatic change in lifestyle. Since starting the program a year ago, he has eliminated $53,744 in debt. “How in the world we have done this is beyond me. At first we were hoping to pay off $4,800 for the first year,” Myers said. “We’ve been able to dedicate more and more money to debt elimination every month. Getting involved with Prosper’s program has turned out to be the best thing we have ever done. It has changed our lives forever.”

Prosper combines the insights of Cummuta’s program with a one-to-one mentoring system that can help people like Myers eliminate, rather than just “manage,” their debt. He has paid off seven credit cards totaling $13,997.28; a car payment totaling $11,500; $24,491 on a timeshare; and $3,756.56 on two mortgages.

“We’ve also had unplanned expenses totaling $9,400, all paid by cash,” Myers said. “That doesn’t include a vacation we took this past summer, which was paid in full with cash for the first time ever for us, a no stress vacation! We couldn't be happier with Cummuta’s program and Prosper.”

About Prosper Inc.
Prosper, based in Provo, Utah, is a global leader of coaching and distance training in real estate investing, stock market investing, entrepreneurship, e-commerce, and personal finance. Prosper has coached more than 40,000 students since its founding in 1999, and currently educates thousands of students enrolled in its programs in 76 countries. Visit Prosper at

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Prosper Inc.
Jason Russell

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