Reinvest in Prosper : AA rating trying out borrowing
| Listing Information | |||
|---|---|---|---|
| Amount: | $2,500.00 | Status: | Loan created |
| Grade: | AA | DTI: | 8% |
| Lender Rate: | 7% | Borrower: | robinw777 |
| Finished | State: | WA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-04-19 | EricsCC ROI: | 7% |
| Status History | |
|---|---|
| Apr 18, 2007 | Current |
| Nov 27, 2007 | Payoff in progress |
| Nov 30, 2007 | Paid |
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Purpose of loan:
I've been a Prosper lender for about 4 months and have established a small loan portfolio. Now I'd like to try out the borrowing side to obtain a small loan. I intend to reinvest the money back into Prosper community. My financial situation: I have been working as a software engineer for over 5 years. My current job started about 2 years ago and the pay is about $80,000/year. Actually, I could easily use my own money, instead of taking this loan, to invest in Prosper. But I'd like to try out the borrowing process. As you can see I have a spotless credit rating (AA, with no delinquencies at all) with a very low debt to income ratio (about 7%). I will have no problem at all to pay this loan back. My monthly budget: Monthly income: $4000 (after 401k, tax and other deductions) Mortgage/rent: $1800 Insurance: $200 Car expenses: $100 Utilities: $100 Phone, cable, internet: $100 Food, entertainment: $300 Clothing, household expenses $200 --------------------------------------- Total monthly expenses: $2800 Left over: about $1200. Thank you for considering my listing! |
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