Eric's Credit Community

Purpose of loan:
I will use this loan to invest into the Prosper Marketplace.

My financial situation:
I am a 28 years old college graduate with no children or dependents. I am Director of Operations (and a stockholder) for a company I helped create in 2005. (I am unable to exercise my options until 2009.) Because of my expertise in my industry I travel extensively and rarely remain in a single city longer than 3 months. As a result, my company pays all my housing expenses. So housing is not a major concern, nor is purchasing a house a top priority.

I would consider myself a low-risk investment because of my high net income, my low monthly expenses and my awesome credit history. In addition, I?m financially sound as I have a healthy savings (and retirement), solid investments and a recession proof job : -) In fact, I?ve received a significant salary increase since my previous listing.

Also worthy of noting, my DTI includes student loans. Therefore, I would consider my true DTI to be lower than the listed percent as I?ve eliminated (!!) all revolving debt other than my personal CC that I use for business expenses ( because I receive free airline miles).

**The decreaes in my Prosper "credit grade" appears to be related to the fact that this is my 2nd prosper loan.  My actual credit score has increased by 24 points since my first Prosper loan.**

Lastly, as a Prosper ?believer? I?d like the opportunity to help others.

Monthly net income: $ 4,400.00

Monthly expenses: $ 1,935.00
Housing: $ 0
Insurance: $ 100
Car expenses: $ 450
Utilities: $ 0
Phone, cable, internet: $ 60
Food, entertainment: $ 300
Clothing, household expenses $ 175
Prosper and student loans: $ 750
Other expenses: $ 100