Eric's Credit Community

ABOUT ME:
I am a married 58 years old female, first marriage for 20 years, 2 children ages 31 and 30. Second marriage for 8 years, no children I have been a jeweler for over 35 years but only as a full-time pursuit for the past year..

EXPLANATION OF BAD CREDIT:
I am classified as a HR which reflects divorcing an attorney that involved 28 attorneys, 100 filings and 3 jurisdictions. I had enjoyed a AAA+ joint credit rating and am still owed over $100,000.00, which I will never see. I raised two children and paid debts that were not legally mine but I was the easiest to find. My second marriage is to a man who was deeply in debt due to caring for his terminally ill ex-partner. 90% of that debt has been paid and I was finally beginning to re-establish my own credit and business when he was in an accident. All monies from the past year have been for basic living expenses and not re-building credit. I am determined to be a successful jewelry business and am asking for a chance to prove myself. I realize the importance of my credit score and it has become my mission to pay off any outstanding debts and live a debt-free life. Please bid on my listing and I will not let you down. Re-establishing the good credit I once enjoyed it my top priority.

WHAT I WILL DO WITH THE MONEY LOANED TO ME:
$250.00 "Bridge" money to invest in materials for inventory
$500.00 to make payments on accounts established for positive payment history.
$200.00 reserve in bank account until payments received from current inventory in shops I have to ability to repay loans from weekly contract repair work and from sales of jewelry on consignment. The debt to income ratio is a reflection of last year?s income and does not reflect current yearly earnings.

I will use the materials bridge money to purchase materials to make more jewelry to create and increase income.  To view my past and current work, please visit    http://www.geminidesignjewelry.com


HERE ARE MY MONTHLY FINANCIAL DETAILS:
Net monthly contract income from all sources: $ 1,200.00 (average)
Spouse's Income: $ 3,500.00 (average)
Total monthly family Income $ 4,700.00
Mortgage/Rent: $ 1,250.00
Phone: $ 150.00
Gas: $ 200.00
Electricity & Water: $ 350.00
Car Loan and Operating Expenses: $ 600.00 (2 cars)
Food: $ 300.00Insurance: $ 325.00
Cable/Internet: $ 75.00
Clothing, expenses for children, etc. $ 250.00
Credit cards: $ 300.00Other: $ 200.00
Total Monthly Expenses : $ 4,000.00
I will have $700.00 left to make the payments on my Prosper loan.
Thank you very much for considering my loan and the opportunity to continue my credit recovery.

MY COMMITMENT: It has been my belief and faith that with hard work and perseverance, a person can overcome hardships. I believe that I have shown a dedication to my family and myself with the work I have done. Even in my darkest time, I have supported charitable organizations and will continue to help those less fortunate than myself. With the joining of this group, I will promote it on my website and donate 5% of sales to the Mayan project. I also pledge that once my credit has been re-established, I will become a Lender and help others. I am especially interested in women entrepreneurs who have struggled to survive because of circumstances out of their control.