Eric's Credit Community

Hey everyone thanks for taking the time to look at this and please read it all the way through before you decide to say no.  Let me explain my situation, the incredibly high DPI percent is because I have to fund my own college education.  I only have about a $4,000 income per year while my school costs are approximately $16,000.  This means although my DPI is supposed to reflect the sum of my non-housing monthly debt burden it does not because I am using my school funds to pay for not only my housing but gas, electric, water, rent, communications, and food during the academic year.  My plan is to have this loan paid in full before I have to start payment on my college funds.  I must start my payments 6 months after I graduate and that is likely not to be until 2008-2009.   While I am not at school for the summer I am living at home with my parents working full time, this is where the bulk portion of my yearly income comes from so making payments during this time will not be a problem.  I will also be working part time while I am at college to cover the payment on this loan along with any spending money I may need.  I have compiled a lot of my financial information and budgets for the next year or two and posted it on the Prosper discussion forums.  You can review these documents further at http://prosper.spreebb.com/index.php?showtopic=5940  I am not completely sure but you may need to register to view this page and I recommend it anyway and it only takes a minute!

Now, if you are still with me and didn?t read the link I provided above (or the description haha) I will tell you what I actually need the loan for.  I just simply need a $4,000 loan @ 15% to finance a car to take to college with me as transportation to and from work, classes, and my place.  You can rest assured that I will be able to make my payments in a timely fashion for the life of the loan as illustrated in the link above.  The only reason I did not include the information in the link here is because it is rather long winded and if a lender was really interested I know they would take the time to look over the information I have provided and carefully examine it.  I also have further breakdowns of my budgets as well that are available upon request.  If any possible lenders have any questions for me I encourage you to ask it in the thread I have created or contact me via e-mail at [EMAIL DELETED].  Thanks for your time and I look forward to borrowing with you!

Here is the link again:  http://prosper.spreebb.com/index.php?showtopic=5940