Reinvest in Prosper: AA Credit
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 2% |
| Lender Rate: | 8% | Borrower: | monthlylender06 |
| Finished | State: | NY | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-05-04 | EricsCC ROI: | 8% |
| Status History | |
|---|---|
| May 04, 2007 | Current |
| Dec 22, 2007 | Payoff in progress |
| Dec 28, 2007 | Paid |
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Purpose of loan: As a Prosper lender for 7 months, I have partially funded 18 loans with $1,000 of personal investment capital. To build my portfolio, I plan to borrow via Prosper and to reinvest the entire balance in additional Prosper loans. My financial situation: Due to my stable employment, AA credit, lack of delinquencies, and 0% DTI, I consider myself low-risk. Although I could repay this loan with personal income, I am more interested in combining the borrowing and lending processes into one investment vehicle. Thank you very much for your consideration! I look forward to providing you a solid stream of monthly interest. My monthly budget: Mortgage/rent: $700 Insurance: $15 Utilities: $30 Phone, cable, internet: $70 Food, entertainment: $300 Clothing, household expenses $120 Credit cards and other loan payments: $165 --------------------------------------- Total monthly expenses: $1400 |
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