Re-Invest in prosper, invest in people
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,820.00 | Status: | Loan created |
| Grade: | A | DTI: | 20% |
| Lender Rate: | 12% | Borrower: | PVB1118 |
| Finished | State: | GA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-07-10 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Jul 07, 2007 | Current |
| Jul 24, 2007 | Payoff in progress |
| Jul 27, 2007 | Paid |
|
Great rate: We are
seeking those who want to help us out, and support propser.com and REAL
people, and still earn as much as bankrate.com's highest available
checking/MMA interest rate, currently an APY of 5.36%. We have some
ethical objections with using the modern banking system due to
fractional reserve banking, and thus no longer use our credit cards
unless we have to (such as online purchases). We always pay our credit
cards every month on time when we do use them. We always pay our bills
on time, and generally automatically whenever possible. Purpose of loan: I do not agree with 'fractional reserve banking practices' (look it up on wikipedia for more info), and thus I must seek loans from, and wish to support institutions such as Prosper.com. I wish to try out re-investing some money into prosper.com loans, supporting this great program, and other borrowers who may be less fortunate. My financial situation: I am a baptized Christian in good standing with my local church, and believe that I am obligated to pay debts to others first, before myself, and that it is wrong to be even late on a single payment. We have ample income to pay back this loan, and with re-investment, that money won't even be really 'spent' as much as 'recycled.' Further, we look forward to providing our lenders with a source of 'non-fractional reserve' banking interest, for I would rather receive interest from honest families and be helping them out, rather than big impersonal banking conglomerates. Note: The DTI includes the amount you are requesting to borrow. I have no outstanding loans at all. I am also married & my husband is working full time, and his income is not reflected in this listing. We also have a great deal of other savings/investments, but they are not very liquid. Repayment will not be a problem. Monthly net income: $ 1540 after taxes Monthly expenses: $ 828.61 Housing: $ 400.00 rent (shared equally with spouse, who is employed also) Insurance: $ 85.58 Car expenses: $90 gas/repairs Utilities: $7.50 water; $35 electricty = $42.50 Phone, cable, internet: $ 30.53 Food: $150 Clothing, household expenses $ 30.00 Credit cards and other loans: $0 (have a student loan in my name, that my father took out in my name for college, he pays it) 46.2% of net income is available for savings/loan payment just by myself, not including my husband's income or our savings, or interest from re-investment in prosper. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 184403 | Re-Invest in prosper, invest in people | AA | $25,000 @ 20% | Aug 09, 2007 | Expired |
| 282795 | Safe Investment | A | $24,000 @ 35% | Feb 21, 2008 | Withdrawn |
| 283561 | Safe Investment | A | $12,000 @ 35% | Feb 23, 2008 | Loan created |
| 373473 | Non-Fractional Reserve Interest Income Opportunity | B | $14,999 @ 35% | Jul 25, 2008 | Withdrawn |
| 377923 | Non-Fractional Reserve Interest Income Opportunity | B | $9,730 @ 26% | Aug 04, 2008 | Loan created |
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