Eric's Credit Community

Requesting a $3,000.00 loan for the purpose of debt consolidation, credit increase and lasik.  Bank turned me down for a loan, my GL suggested I edit this, more info is posted in my profile.

Since being turned down in April I've started a 401K at work for 10%, opened a savings account at a credit union with payroll deduction of $100.00 each month, taken out a $500 secured loan from the credit union.  Half of $100 goes towards paying off the loan.  With a Prosper loan I'll increase the amount of  deduction to cover monthly payments of the $500 CU loan and the 3K Prosper loan.  There's one branch for this credit union, a half hour from where I work.  Open between 9-5 Mon-Fri, out of sight, out of mind.  I'm making progress towards inproving my score and this loan will help greatly.

Lasik surgery isn't a luxury item.  I work in a dusty environment.  I sand the boats to prep them for painting and I end up with dust irritating my eyes.  I wore contact lenses for 20 years but had gone to the optometrist for glasses because I needed my eyes contact-free before my lasik screening.  I wear a full face respirator at work that doesn't accomodate glasses.  I didn't want to go bargain basement, my eyes are very important to me.  I chose Dr. Phillips because of the testimonials from doctors he's worked on. http://soundeye.com 


$3,000.00 loan breaks down to;                                  
    650.00 debt consolidation  
    750.00 secured credit card from bank ($400.00 to lasik, no max out on card))  
    900.00 towards lasik surgery  
    200.00 towards cell phone and "Pay As You Go" cards to eliminate $50/mo to T-Mobile    
    500.00 Product development, make prototype for presentation to two different companies

Product development money is for an item I want to present to two companies.  I'll share this info with my GL at this time.  I can go into production with 50% down on wholesale pricing if interest is expressed.  I've had my own business in the past, owned a neon company for eight years (hence, the username) from 1988 to 1996.              

Average 1,800.00 pay per month ($16.00 per hour minus 401K and CU savings deduction)
Monthly rent     $700.00
Utilities                60.00
Internet/TV           60.00  (looking for less expensive internet)
Car Ins                88.00  (I own a 1993 Buick Century, no payments)
Cell phone           50.00  (I'm amazed at how little I use the phone, mainly to call family)
Entertainment    100.00
Food/Gas          100.00
Catchup bills     200.00  (debt consolidation will eliminate this)
TOTAL            1358.00             
10% 401K payroll deduction-$604.00 total at this time

$500 secured loan from the CU, $3K loan from Prosper and the $750 secured credit card from the bank, six months from now I will be where I want to be credit-wise.  Thank you for your consider