Eric's Credit Community

Purpose of loan:
This loan will be used to? help expand my growing Ebay business, particularly for purchasing additional inventory and by having funds available to purchase large collections when they become available. I have been selling on Ebay (part time) for a number of years and just recently I have decided to take it to the next level by working at this full time, expanding my inventory and creating hundreds of listings per week. I have 100% feedback and I sell my items worldwide. I should reach "Powerseller" status by the end of August. I currently have about 250 listings and I have about 400 ready to be listed right after the July 4th holiday weekend. After that I will be listing several hundred per week. I have a current inventory of approximately 2500 records, 1000 comics, 300 vintage paperbacks and 500 related items such as record company sleeves, picture sleeves and old record company catalogs.

I have been buying and selling collectible records including 78 RPM's, LP's, and 45 RPM's from the 1920's - 1970's, comic books, vintage paperbacks and related items through mail since 1993. I started selling through advertisements in collectible specific magazines at that time (until Ebay). I am known as a person who grades the condition of each item very strictly, when my customers receive their items they are almost always very ecstatic that they have received something in better condition than they had expected. Each of my listings includes a very detailed description of the condition including the good and the bad in addition to many pictures showing the item for sale. This has created a nice worldwide repeat customer base in which my items tend to bid a bit higher than some other sellers due to the fact that people know they will be getting something in a little better condition than perhaps they have been used to. Bottom line is I do NOT over grade the condition of my items and I do not try to hide any defects or other problems an item might have, just good service, honesty and fast shipping.

Below is a portion of what is on my Ebay "About Me" page:

My strict grading standards are second to none, I am also a collector and I have very high standards of quality. I try to list as much detail as possible and usually have more than one picture for my auctions. I am a member of the ARSC (Association of Recorded Sound Collections) and the IAJRC (The International Association of Jazz Record Collectors). I am also a past contributor to the Rockin Records identification and price guide. We are highly focused on customer service and customer satisfaction. In the description of every auction you will find this short phrase and we mean every word of it! If for any reason you are not satisfied or if a mistake has occurred with your transaction please contact me before leaving any negative feedback, we will resolve the mistake quickly and professionally.

My financial situation:
I am a good candidate for this loan because?I have excellent credit, I am responsible, I pay my bills on time and always pay on or before their due dates so I do not get charged a late fee. I have a steady monthly income and my wife who is a partner in this business has excellent credit and a full time job. I am a homeowner since 1999 and have lived in the same town since 1995. We do have a mortgage; however we do not have any car payments.

Thank you very much for taking the time to read my loan request and if you have any questions please feel free to contact me.