Eric's Credit Community

My current salary pays our monthly bills and leaves a little extra each month left over. I now have a 2^nd part time job that will further allow for a cushion.

This is why I know the loan WILL be paid back
-We currently have 700-800 after all monthly expenses, taxes back in Feb of 4k+, work bonus around same time
- Home Preschool will generate 1.2-1.5k minimum

Business Plan:

I would agree that most business loans are risky. This one is I know not.

Most businesses have employees, pay rent and have big marketing costs. 

Our home, no rent. One employee, my wife.My wife has been in this line of work for 20 years. Our day care will fill up quickly based on her positive reputation. Home day cares in our state can have up to 6 children including your own. 1.5k figure is based on 2. We could potentially 4 which would be 3k a month total income from the day care alone. 2.7-8 after expenses

Early Payment Question:

I plan on keeping the Prosper loan for at least 2 years before possible early payoff.

Credit Note:

I am rated a D. The is due to my ratios in terms of available credit to balance. It is not due to delinquencies.

I will gladly answer any questions you might have.

Previous listing note

Thank you if you bid on my previous listing. I lower the amount of the loan. I am going to try to salvage the pellet stove instead of getting another

Monthly net income: $ 5800

Monthly expenses: $ 4700
  Housing: $ 2700
  Insurance: $ 160
  Car expenses: $ 300
  Utilities: $ 200
  Phone, cable, internet: $ 120
  Food, entertainment: $ 600
  Clothing, household expenses $ 200
  Credit cards and other loans: $ 230
  Other expenses: $ 200