Eric's Credit Community

Purpose of loan:

I will re-invest all the money in lower credit grade/higher yield loans to help those who need the loans and to make the spread on the difference in rates.I set the rate at the New York State limit.

Thanks!

My financial situation:

Monthly net income: $ 3400 + Variable Year-End Bonus (This is after Health Insurance, Flexible Spending Account, Transportation and 401(k)  deductions)

I work for a Corporate Turnaround firm for which I am an associate engaging in restructuring and company valuation work.  I have a Bachelor Degree in Finance & Economics and have a keen interest in learning more about these and other subjects on a continuing basis.

Additionally, I try to find the time to maintain a small re-selling business on eBay for additional income.

Monthly expenses: $ 1100

Rent: $0 (I still chose to live with my father)

Credit Card (Living Expenses): $500 (I make my everyday purchases with my credit card to gain points, my revolving balance is abnormally high due to several recent small trips.)

Student Loan: $600

Savings and investment purposes in a brokerage account other than my 401(k): $2300

My Debt-to-Income ratio is higher due to my Student Loan and an Auto Loan that belongs to my father, which he pays.
Seeing as I have a good portion of my income that does not go to expenses I will have zero trouble paying this loan.  Additionally, I have my sights set on purchasing a property in the near-term and have every reason to fulfill my debt obligations.  It is my priority to keep my finances in order and this includes keeping my credit in good standing and my credit history clean.