Eric's Credit Community

ABOUT ME:

I am 36 years old, newly single after ending a long term relationship. I have been teaching martial arts and personal protection for over 16 years.


EXPLANATION OF BAD CREDIT:

The last few years have been very difficult. Due to dealing with problems in my relationship and some mistakes in hiring employees, I have occasionally taken my eye off of the ball. In the last year, this has resulted in the closing of my business after almost 8 years and ending a relationship of almost 6 years. I am very focused on rebuilding my business and improving on the areas that need more attention. If you bid on my listing I promise that I will not let you down. Making my payments on time will be my top priority each month, I sincerely promise you that and as you can see from my financial details, I will have the money to do it.


WHAT I WILL DO WITH THE MONEY LOANED TO ME:

$2500 will pay off an outstanding personal loan from a friend, $1300 will be used to pay off delinquencies within my credit report. This will allow me to move forward and grow my business and get back to a position of strength and stability.

My business is rapidly increasing every month. I'm starting a children's program that will dramatically increase income and promotion within my business. If I can get funded, I can move forward at an even faster pace.
HERE ARE MY MONTHLY FINANCIAL DETAILS:

Net income after payroll deductions from all sources: $ 1800
Total monthly family Income $ 2000

Mortgage/Rent: $ 400
Phone: $ 50
Gas: $ included in rent
Electricity & Water: $ included in rent
Car Loan and Operating Expenses: $ 300
Food: $ 300
Insurance: $ 80
Cable/Internet: $ included in rent
Credit cards and loans that won't be paid off with my Prosper loan: $ 150
Other: $ 200
-----------------------
Total Monthly Expenses : $ 1480

I will have $320left to make the payments on my Prosper loan.


CLOSING REMARKS TO LENDERS: As you can see, I am finally in a place where with just a bit of help I could get back to being a strong, contributing member of society.I really hope that you will have  the faith in me to  carry out this advancement in my life.

Thanks.