Eric's Credit Community

Purpose of Loan:

The capital from this loan will be used to fund the design, development, launch, and marketing expenses of my website business, Finavigation.com.  Finavigation will be a website that automates the functions of personal financial planning, allowing those who are in need of financial planning services to plan their finances themselves.  The site will target primarily people who either cannot afford traditional financial planning services, are too intimidated or overwhelmed to have someone else professionally evaluate their finances, or would simply rather do it themselves. 

My Financial Situation:

I will be working on this website part-time and plan to keep my regular job.  My net income after expenses will be enough to cover the loan payments.  The website will also be able to generate ad revenues from the time it launches, which should eventually grow to be enough to pay this loan off by themselves.  I have excellent credit, have never had any late payments, and I have even taken out a previous loan on Prosper and not only paid it back in full, but paid it back early.  Thank you for viewing my listing and for your potential bids.

Salary $3,300

Housing $800
Utilities $160
Car Payment $0
Insurance $75
Gas $100
Transportation $120
Cable/Internet $200
Food/Entertainment $300
Other $200
Total Expenses $1,955

Net Income $1,345