I am the owner of an established Digital Technologies and Telecommunications contracting firm in the Houston Area (www.prewiredcommunications.com). We have worked out a payment system on the generation of reports to secure the funding from previous listing. So now, I am only in need of funding so that I can complete my web store (previous listing).

Our web-store recently launched, (www.store.prewiredcommunications.com) and the only things left are a little more flair for the site, opening accounts for merchant services and the uploading of nearly 3,000 products. We currently have the same distribution agreements as the bigger online consumer electronics retailers. Which allows us to ofeer very competitive pricing.

As you will see below I have already began making payments on the delinquencies on my credit. My repossession was a direct result of the struggles of starting my own business.

On my credit report you will see that I have previous hospital bills that were paid off on payment plans. There is also another account with Ford Motor Credit that was paid in full/never late. My goal here is to expand my company to provide a better financial situation to allow me to clear my credit and succeed as a businessperson.

Below are my personal income and expenses.

Income:
$4000.00/mo. Salary

Expenses:
$776.00/mo. Rent
$600.00/mo. Utilities (Average)
$300.00/mo. Repo Payoff
$300.00/mo. Hospital Bills Payoff
$448.00/mo. Vehicle (Current/Private Sale)
$223.00/mo. Health Insurance (New Policy)

Delinquencies:
$6,185.00 Repo from 11/02 - I just got into a position where I could start paying on this a couple of months ago. Set up a payment plan with them and have started paying since then. The only reason this looks recent is because another creditor just bought it, and it shows up as new debt.

$18,000.00 Hospital Bills (Several) 06/06 - These are very recent hospital bills that we incurred from my oldest sons recent bicycle accident. We did not have insurance at the time of the accident, so now they are on my credit. I began making payments the very first day we were at the hospital.

Breakdown:

$2,500.00 Web Store - This allows us to outsource the bulk of uploading our product offering. Currently, my project manager and myself are the only ones working on this, while managing our current business. Nearly the entire website has been built on our personal time, as there are never enough hours in a typical workday.

$1,500.00 Merchant Accounts - This will provide us the means to acquire merchant equipment, establish merchant accounts, and provide an opening balance for a new bank account solely for the web store.

Any questions? Check out my forum posting at:
http://forums.prosper.com/index.php?act=ST&f=11&t=10480