Eric's Credit Community

Hi, and thanks for taking your time to consider this loan request. You'll be able to find some additional info in my profile.

The reason of my loan request is that I have $ 4,800 dollars in Tuition to cover in order to continue and finish my grad studies. Being an international student, there are no common student loan options for me. I'm asking for this loan to pay off my tuition and to close this chapter in my life successfully.

Summary:
Request: $5,250
Interest Rate: up to my State's max of 20%
Payment: $196.97

Purpose:
Grad School Tuition $3,350
Amount owed for College: $1,550
Books and school supplies: $300
Approximate Prosper Fee: $50

Monthly HOUSEHOLD Budget Summary (please visit my profile for details)
Total Take Home Income  $3,545
Total Living Expenses  $2,709
Total Secured Debt Payments $287
Total Unsecured Debt Payments $50
                        Disposable Income     $499
Disposable Income as Percent            14.07%

Additional Note:
I have not listed above my payments to Anderson or Butler University. We've been using our disposable income to pay AU (from 8k down to 1,5k in the last 2 years). This loan would take care of AU and BU and free up around 300 dollars in cash per month.

EMPLOYMENT
I currently work part time with www.churchatthecrossing.org as the Director for Instrumental Ministries, and after I graduate, I plan on working full time in this ministry area.

I also teach private music lessons with http://www.meridianmusic.com, mainly piano, but also voice and theory. I am currently only able to teach on Fridays and Saturdays, due to my grad school schedule. My second monthly income of 800 dollars comes from these two days at Meridian Music. After graduation I will be able to take a few more students during the week.

References are available upon request.

CREDIT HISTORY
There are two things that have made things a bit difficult for me:
a) as an international student it's much more complicated to built a credit history
b) Several months ago, some of my personal belongings were stolen, and to protect myself from identity theft, I put a credit alert on my account. This has backfired on my in my application process with Prosper. I am still working, now with the help of my group leader, on fixing my DTI and credit rate. I can supply, upon request, a part of my last quarterly credit report from Equifax. My Credit grade is 735.

I'd like my potential lenders to know that I have a good financial ethic and that I made it through college (and part of grad school) without incurring any major debts. In fact, from my 80k+ dollar worth of undergrad education, I only owe the 1,500 that I will pay off with this loan.

If you have any further questions, please let me know.