Home Repairs

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Listing Information
Amount: $25,000.00 Status: Loan created
Grade: B DTI: 24%
Lender Rate: 15% Borrower: florwilk
Time Left: Finished State: FL
Funded: 100% Group: Craigslisters
Loan Information
Loan Status: Repurchased Origination Date: 2007-03-15 EricsCC ROI: 0%
Status History
Mar 14, 2007 Current
May 04, 2007 Late
May 16, 2007 1 month late
Jun 16, 2007 2 months late
Jul 16, 2007 3 months late
Aug 16, 2007 Repurchased

Explanation of circumstances: Hurricane damage
Purpose of Loan: Home repairs
Occupation: Accountant
Length of employment: 3 years
Occupation 2: N/A
Length of employment: N/A

Current debts: None

Delinquencies: None


 Present Budget

 Income: $96,000.00 a year

Pay Check: $8,000.00 a month

Expenses
Loan Payments :$192.00
Mortgage/ Rent: $1,050.00
Utilities and Gas : $300.00
Car Notes: $351.00
Insurance: $110.00
Credit cards: $313.00
School Loan: N/A
Food : $300.00
Household/misc: $200.00

Total Expenses: $2,816.00

 Left Over: $5184.00

 

Budget after Prosper Loan
Prosper Payments: $900.00
Other Loan payments: $192.00
Mortgage/ Rent: $1,050.00
Utilities and Gas : $300.00
Car Notes: $351.00
Insurance: $110.00
Credit cards: $313.00
School Loan: N/A
Food: $300.00
Household/misc:$200.00

Left over from Income: $4284.00

Borrower's Other Listings
101351 Home repairs B $25,000 @ 17% Feb 19, 2007 Withdrawn

 

Discussion For This Listing
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Tue, May 29, 2007
Looks like this is a outright fraud. She failed to make the first payment.
Tue, May 29, 2007
Agreed, or plain identity theft. B rated going back to 1994 with 000's. Something is not right with this.
Wed, June 13, 2007
Indeed, this looks like a bald-faced rip-off. Does the law view a loan secured in bad faith any differently from any other defaulted loan? Does Prosper seek criminal penalties against fraudulent borrowers?
Wed, June 27, 2007
Has anyone contacted the GL? It appears that he "vetted" this listing according to his endorsement.
Fri, June 29, 2007
I sent a note to the GL, but no reply. He does discuss the loan a bit on Prosper's forum--sounds as though the lender immediately became unavailable once payment was due... phones disconnected, etc. It really looks like fraud from here--hard to believe somebody with such a credit rating and a $100,000 income would suddenly take the money and run--but Prosper evidently disagrees... I sent them a note, too. Very disappointing.
Sat, July 28, 2007
Is there an avenue for a group of lenders to challenge a loan for repurchase by Prosper? This loan request is filled with misrepresentation and fraud. I cannot accept disappointing as an appropriate answer in this case.
Sat, August 11, 2007
There is a thread asking Prosper to communicate about this loan on the Prosper community forums. Search for "florwilk" to find it.
Wed, August 15, 2007
Well...it was repurchased today by Prosper. Guess the complaints worked
Thu, August 16, 2007
This is fantastic. At least we did not have to pay the price for a fraud. May all your future loans be good ones.
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