Unlocked Potential
| Listing Information | |||
|---|---|---|---|
| Amount: | $4,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 13% |
| Lender Rate: | 15% | Borrower: | UnlockedPotential |
| Finished | State: | NC | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-10-09 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Oct 06, 2007 | Current |
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Purpose of loan: I have been a locksmith and in the security business for over 10 years now. I have earned the title of CRL (Certified Registered Locksmith). This is an accredited ranking among the locksmith field that is received through profeicency testing given by A.L.O.A. (Associated Locksmiths of America). I have been a member of this association as well as N.C.L.A. (North Carolina Locksmiths Association) for several years now. I have been a Licensed Locksmith in the state of NC since the first year the requirement was passed. Needless to say I take my trade very serious and I take great pride in what I do. I have benefited through these associations because of the continuing education they offer and the benefits of giving and getting help from other fellow members. This is all very important with the ever evolving changes we are seeing in the security industry. Our company is seeing more demand for Access Control and CCTV and less need for mechanical and automotive work. We look forward to this emergence into more technical and electrically advanced securtiy age. However the costs of further training, certifications and new equipment are more than I can currently afford. I have come to an agreement with my employer that if I can get the certifications and additional start up equipment such as tools, monitors, DVRs, cameras, cat5 wire, coax cable, extention ladder, battery back ups, dsl routers, modems, additional van shelving, etc. then I will get all profit from hardware sales and 50 % commision on labor. This will eventually lead to signifagantly more money than the comfortable income I make now. This is the direction of my trade and the direction I want to go. The sooner the better, that is why I kindly ask for your help. My financial situation: I am a family man who proudly (with my wife) support our family. I take pride in work, honoring my debts, and bringing home an honest paycheck. I have a 4 br 3 ba house that our family lives in and a rental property that doesnt bring me a whole lot of monthly income but has gained around 20,000 in equity in past 4 years. I pay the mortgage and my wife pays the bills. Financially, I do ok, but have much room to grow and always aspire for bigger and better. I would like to one day be on the lending end of this site. Monthly net income: $ 3000 Monthly expenses: $ Housing: $ 1120 Insurance: $ wife pays Car expenses: $ wife pays Utilities: $ wife pays Phone, cable, internet: $ wife pays Food, entertainment: $ 250 Clothing, household expenses $ 100 Credit cards and other loans: $ 50 Other expenses: $ 100 |
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