Eric's Credit Community

Hello to all.  I named this loan request ?Building a Nest Egg? loan because that?s my intention in requesting it from the Prosper Community.  I?d like to explain my rationale behind requesting this loan, what will the money be used for and how do I plan to repay it.

The primary reason to request this loan is to get a ?jumpstart? into my future home ownership.  Out of the $4000 I?m requesting, $3000 will be deposited into a savings instrument and left there.  I?ll be making regular weekly contributions of $75/wk.  The idea is to have at least $7000 dollars or more by October or November of next year.  Then we?ll start looking for a house we can buy and use that money to do it.  I'll use the other $1000 for a home computer

I?m slowly rebuilding my credit by putting my accounts up to date as quickly as I can.  I?m just finishing with a doctor?s debt that I had, along with a bad credit card debt that I should finish paying by mid-January.  I purchased a vehicle back in March of this year and got an approved loan.  I have been paying regular on-time payments of this and other accounts.  I still have to keep on paying on time other debts to get my credit cleaned and straightened, but I?m still making good progress.  Here?s my latest budget for your consideration:

Incoming Salary a $4974 (After Taxes)

Outgoing Payments:

• Rent: $910
• Car Payment: $692
• Loan #1: $294
• Loan #2: $71
• Consolidated Loan Payments: $471
• Cable and High Speed Internet: $105 (approximate)
• Power: $100 (approximate)
• Car Insurance: $105
• Mobile Telephone Service: $100 (approximate)
• TOTAL LEFT AFTER PAYMENTS: $2126 monthly- Groceries ($400) and other expenses

That?s what?s left after paying everything.  I transfer automatically to my savings account $75 dollar every week.

I?ve been working very hard the past two years to get where I am.  I relocated from to the states in search of a better quality of life, and better job opportunities.  I?ve found both; and I know I can improve on our quality of life even more.  I know I?ve made some bad credit decisions in my past, and I?m working hard to straighten my affairs.  I?m determined to provide my family with great resources, and a wonderful life in our adopted home.  I?m in it for the long haul, and I?m positive I can make this work.  Thanks!