Eric's Credit Community

GL has verified employment, income, bank statements, and credit report.

CREDIT
The Yin:
Credit grade is a D. Which leaves the potential investor with lower risk investment opportunities in the upper 75% of credit rankings. Delinquency due to lost parking ticket dating, this is a costly oversight that I have learned greatly from. Maxed credit line. I enjoy traveling and used the card to help pay for trips and expenses due to time off. After seeing how this affects my overall credit score I realized it was time to work on improving my credit and lay off traveling until I am able to do so without hurting my financial situation. These are red flags that keeps potential investors away over fear of repeat behavior and risk of default on their investment.

The Yang:
Zero lates on my current and past accounts. Credit score is a 626, for a lower grade I am in a healthy range of average credit risk. This could be attractive for investors with a medium risk tolerance, who are looking for a higher % return on their investment. DTI is 18%, consolidation  keeps DTI at  18%.

Debt
B of A: $2132.83 $65 a month
AmGenFin:$5065.07 $219.89 a month

Monthly Expenses
Rent:$600
Utilitties:$100
Food:$160
Gas:$100
Cell:$45
Credit Card:$65
Car Loan:$219.89
Ent:$20
Insurance:$56                         
                                                           W/Prosper
Total: $1365.89                                       $1364.19

Monthly Income(net):$1610.47
Debt:$284.89                                          $283.19
Other Expenses:$1081
+ Cash: $244.58                                     $246.28                 
DTI: %18                                                 %18

W/Prosper
Credit score would rise due to low Debt to credit line ratio. I would retain my car title, gives me the option to sell it and becomes an additional asset. A closed account would be added to credit history, also helping credit score.Prosper Loan fits into my current budget, payment is automatically deducted from account.  I'm paying you not a bank or large institution.

Assets
Savings(B of A) : $302
Savings(Union Bank of CA): $501
Investments Account(Interactive Brokers): $1550

Total Assets:$2353
W/Prosper auto adds- $2175
Assets w/ Prosper:$4528
 
I thank you for your consideration and support.