Eric's Credit Community

Purpose of loan:
This loan will be used to?I have been playing with a loan listing all day.  Setting up a listing, posting it and then withdrawing it.  I definately need to do some home improvements, however, in reviewing my current situation it would be better for me to pay a couple more bills than put in a new driveway.  I put up several listings and then re-calculated the home equity loan balance - it is actually less than the prior listing amount I had requested.

My financial situation:
I am a good candidate for this loan because? I have a proven track record.  I have had two Prosper loans, never been late, paid in full.  I own my own home and at this time am renting a portion of it out to friends.  They have lived with me for the last 2 years and have never been late in their rent payments or obligations.  They also have no plans on moving out and that income will be available for at least the next year.

Monthly net income: $7,000.00 - this includes rental income from my boarder 

Monthly expenses: $
  Housing: $1,500.00 - Explanation below
  Insurance: $116.00
  Car expenses: $0.00 - Explanation below
  Utilities: $100.00 - Explanation below
  Phone, cable, internet: $110.00
  Food, entertainment: $400.00
  Clothing, household expenses $200.00
  Credit cards and other loans: $210.00
  Other expenses: $0

The housing payment is after the income regarding renters has been applied.  My car expense is reimbursed by my employer in the form of mileage reimbursement.  Each month my mileage reimbursement is at least $500.00, the car payment is only $423.00. Utilities are split between myself and my renters.  Phone and internet are reimbursed by my employer as I work from home.  The Credit cards and other loans is the payment I am trying to pay off.  I realize that the Prosper loan may be at a higher payment, however, the interest rate will be much lower and in the long run, this makes more sense to me.

I have been with the same employer for the last 6 years and have no plans to change or alter my current place of employment.  I am rated as an exceeds employee and I a change in my career is not likely. 

I am in the middle of challenging some of the issues I had regarding a collection on my account and the credit reporting agency validated the debt and now indicates I was late 3 months ago.  I am again challenging this information as it is being reported incorrectly.

Thank you for taking the time to review my listing.  I had thought about changing groups in an effort to be funded at the amount I require but then decided against it.  I want lenders to read this and know it's me requesting this loan and why, not my group leader instructing me on the best way to explain my current situation.  Please feel free to ask me questions and I will get back to you in a timely fashion.  Thank you again for your consideration.