Eric's Credit Community

Purpose of loan:
I will be using this Loan so that I can start putting my Investment knowledge to work. I have taken a stock class from www.traingacadamy.com it cost $5,000 plus airfare and hotel. I took it at the Irvin Cal. facility. I am able to take the class again for free for the rest of my life. I will be taking the class again in January of 2008. I am taking classes at www.wiacadamy.com to gain the knowledge in real estate. I am taking the Rich "U" class and the wholesaling class. I will be using this money to put into a LLC business to start investing in stocks and real estate. After a while I will then start an S and C Corporation and use the Corporation for management of the LLC business. That way I will be seen as a market to market status to the IRS. This money will be used only so that I can have the capitol to open up and be noticed as a day trader so I can do unlimited amount of trades a day as were right now with my $5,000 I can only do 3 day trades every 5 Days or else I will be considered a day trader and will need to have $25,000 in my account.

My financial situation: 
I am currently working allot of overtime at my work and making an extra $800 to $900 a month. I also am investing a very small amount of money in the stock market so that I don't forget my Knowledge. I have over $400 to $500 a month that I can use to pay this loan back do to the overtime. Plus I will have the Original Loan Amount to use to pay it back. . I am right now paying down all my past loans so that by the end of the year I can have 70% of my money in investments and 30% to pay my bills. I have also been averaging $300 to $400 a month in the stock market.

Monthly net income: $ 1,680

Monthly expenses: $ 1,198
  Housing: $ Live With Mom 
  Car Insurance: $ 148
  Car expenses/Gas/Maintiance: $ 400
  Utilities: $ 0
  Phone, cable, internet: $ 65
  Food, entertainment: $ 150
  Clothing, household expenses $ 50
  Credit cards and other loans: $ 385
  Other expenses: $ 0