Eric's Credit Community

Listing for a 2nd loan of $12,5000. My original and current Prosper loan will be paid off with this loan.

Since my last listing a few changes have occurred.

1) My credit improved from an E to a C.
2) I have made 11 regular and 4 extra payments to my existing loan.
3) I am still working at my second job, which is why my monthly income has increased.

 
My budget before this Prosper loan

$3,350 Monthly NET- income (pay stubs verified bt GL, Ran-Ran)
$2,355 Fixed monthly expenses as follows:
$600 rent
$150 utilities
$600 auto loan, auto insurance, gas
$1,005 debt payments as follows:
1) $180 @ Prosper (to be paid off w/this loan)
2) $300 @ $100 each to 3 credit cards
3) $100 @ $50 each to 2 charge cards (Dell and Tires Plus)
4) $175 @ higher monthly payments to GE Money Bank
5) $250 @ Care Credit for my daughter's braces 
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$1,145 disposable income for food, clothing, savings and other little things

My budget after this Prosper loan

$3,500 Monthly income
$1,795 Fixed monthly expenses as follows:
$600 rent
$150 utilities
$600 auto loan, auto insurance, gas
$445 @ new Prosper Loan
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$1,705 disposable income for food, clothing, etc.

I hope that you will consider my loan request because this is an excellent way for me to improve both my
monthly budget and my credit score even more while paying off the remaining debts in one single payment.

Your bid and confidence is greatly appreciative. I hope that with my perfect payment history you, the lenders will wish to bid. I will be a very low risk with a return of 16% on your investment with me.

All together, this loan will allow me to have only 1 (lower) monthly payment for all my revolving accounts as well as the original Prosper loan. With the funding of this loan, I will have the ability to improve my credit score even higher and also save more money each month to better serve my family.

Sincerely,
Shamar