Eric's Credit Community

Have you been looking for a great Christian game for your kids to play? If so, check out the Redemption collectible card game! In the meantime, I would also ask that you consider bidding on this listing for my business expansion. I have been in business for 7 years selling cards from the Redemption CCG as more or less of a hobby. However, as of January 1, 2008, it will become a part-time job with gross sales rising from $5,000/year to over $20,000/year. In order to expand, I need $10,000 to purchase additional inventory and increase my market share. The money will also be used to fund a professional website, as opposed to my current website at www.geocities.com/Ken4Christ4ever. I will use personal funds for the $5,000 not covered in this loan.

I will be taking out a loan; it's just a matter of whether it is on Prosper or though the bank, and I would prefer to give my interest to someone else rather than a corporation. I am approved for the loan at an 11.4% interest rate from the bank with no fees, which is why I need the loan at this interest rate to make it worthwhile for me (and hopefully you!)

I have never missed a payment and have strict budgeting practices. The personal debt that I have is $14,000 in an auto loan (6.25% fixed), $7,000 in student loans (7.22% variable), a $35,000 8.90% 30-year fixed mortgage, and a $140,000 6.75% 30-year fixed mortgage.

If you look at my previous listings with a "C" credit grade, it is due to transferring $12,000 onto a credit card for a lower interest rate from my car loan, not realizing the impact to my credit score. I have paid off the credit card, and my credit grade has returned to an "A", and should be "AA" by the end of the year.

The income for my wife and myself is derived from a base salary for each of us of $33,000/year, plus my wife coaches cheerleading and leads the National Honor Society. I also tutor after school, have residual income from AFLAC, and will have $10,000+/year in profits from this business.