Eric's Credit Community

Hello my name is John Falge and I have included most of my personal information in my member profile.  I will keep this short and sweet I am asking you to help me fund a vehicle to take to college with me as a means of transportation to and from work and classes.  I am going to be working part time as a sales representative and bike technician at Bert's Bikes and Fitness in Buffalo, NY while attending classes? full time at the University at Buffalo.  All of my school expenses are budgeted and taken care of for the entire academic year and these expenses include my living situation, food, insurance, gas, books, and even emergency funds.  This allows me to use the money I earn through my part time job to repay my loan.  I estimate at 20 hours per week at $7.00 per hour, which is very attainable working weekends and a 4-hour day during the week, I will have total earnings of $560.00 per month before taxes. Using my last paycheck stub from my current full time summer job I have calculated my tax expense to be 21% of my total earnings.  At a loan rate of 15% over 3 years for $4,000 I am anticipating a payment of $139.00 per month.

<!--[if !supportEmptyParas]-->Earnings:
$560.00/month

<!--[if !supportEmptyParas]-->Expenses:
Entertainment - $200.00/month
Tax - $118.00/month
Loan Payment + Principal ? $139.00/month

<!--[if !supportEmptyParas]--><!--[endif]--> Calculations:
Total Earnings - $560.00/month
         Less: Total Expenses - $457.00/month
Balance: $103.00/month remaining