Eric's Credit Community

ABOUT ME:

I am 34 years old, married for 9 years, 2 children ages 6 and 8 months old. I have been with my current employer for 8 months. I also continue to work part-time at my previous employer of almost 5 years on the weekends.

EXPLANATION OF BAD CREDIT:

I have tried to be responsible with my finances but have fallen behind on my school loan repayments as I made the transition of returning to the States from living abroad.

Things are improving gradually after switching my full time job as my part ?time job and working at a new company. I am asking for a chance to prove myself as a credit worthy individual. It is my sincerest pledge to repay this listing in full. I feel confident that my income and expense and income generate from the project the loan will finance, will allow me to successfully repay this listing successfully.

WHAT I WILL DO WITH THE MONEY LOANED TO ME:

$4,500 will pay for printing and shipping supplies and $3,000 will go to marketing expenses.
These vocabulary books are for least, less, and commonly taught languages and will sell retail for $13.95 on on-line retailers such as Amazon.com and E-Bay.com.. Also, efforts will be made to make direct placement with colleges and universities. The first book, A Mandarin Chinese Vocabulary Made Simpler, will be available for order March 27, 2007.

HERE ARE MY MONTHLY FINANCIAL DETAILS:

Net income after payroll deductions from all sources: $ 1600
Spouse's Income: $ 1200
Total monthly family Income $ 2800

Mortgage/Rent: $ 775
Phone: $ 100
Gas: $ 50
Electricity & Water: $ 85
Car Loan and Operating Expenses: $ 0. We own our car. $120 month for gas
Food: $ 500
Insurance: $
Cable/Internet: $ 50
Clothing, expenses for children, etc. $ 100
Credit cards and loans that won't be paid off with my Prosper loan: $ 100

-----------------------
Total Monthly Expenses : $ 1880

I will have $900 left to make the payments on my Prosper loan.


CLOSING REMARKS TO LENDERS: As you can see, I am able to make repayment on the listing from my monthly income. I am also confident that the book project will generate ample income to repay this Propser loan.