Eric's Credit Community

Purpose of loan:
In 2001, we filed for bankruptcy immediately after getting married.  This was necessary because our ex-spouses began to play some financial "games" with us.  Since our new start, our FICO score has gone from 490 up to over 600.  This has been very hard work and we are here on Prosper to continue that work.  This loan will establish another credit line for us and increase our standing in the credit rating system.  Although we do not need the cash, we do need the additional credit lines above $10,000 to drive our credit rating in a positive direction. 

We spend the money for automobile repair and home repair.  We will be replacing the alternator on our Ford Escape, getting the air conditioner fixed, getting the brakes done on the Escape and our Durango.  We will also have our house painted. 

My financial situation: 
I have perfect mortgage and car payments for over 2 years.  I have delinquents listed because our last home refinance that paid off our credit cards was for the wrong amounts.  One of those was paid last week, the other will be paid off when I get this loan. 
I have been in software engineering for 27 years.  I have a 12% bonus package that pays in December.  I will use part of my bonus to set up an automated reserve account and Chase to pay off this loan. 

Monthly net income: $ 7,535

Monthly expenses: $ 6,549
  Housing: $ 3050
  Insurance: $ 215
  Car expenses: $ 527
  Utilities: $ 425
  Phone, cable, internet: $72
  Food, entertainment: $ 1200
  Clothing, household expenses $300
  Credit cards and other loans: $ 300
  THIS LOAN: $ 460.00

Leaving my disposable income after expenses at $986.