Our Wedding

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Listing Information
Amount: $6,000.00 Status: Loan created
Grade: D DTI: 90%
Lender Rate: 22% Borrower: nate7_77
Time Left: Finished State: OH
Funded: 100% Group: FINANCE & INVESTMENTS
Loan Information
Loan Status: Current Origination Date: 2007-07-10 EricsCC ROI: 18%
Status History
Jul 10, 2007 Current
Purpose of loan:My fiancee and I are getting married at the end of next month in . We had anticipated more financial help from our families, but it has been lacking. We are looking to finance the rest of the expenses for the wedding and honeymoon cabin ($350) in Gatlinburg. The loan will go to cover the remaining costs for our caterer($2000), photographer($650), baker($500), DJ ($500), tuxedo rental ($150), flowers ($200), announcements ($100), attendant gifts ($100), officiant?s fee ($150) and travel expenses ($1000). Caterer?s fee may be more if more RSVP are received. The remaining amount of the loan ($300) will be used to pay monthly bills while we are away on our honeymoon.  

My financial situation:My fiancee and I are great candidates for a loan. Despite my score of a ?D? we are trustworthy people. We are current with all of our bills. We do not make any payments late. I am currently in my second year of seminary and my fiancee is in her last year of law school. We will both work throughout the school year. More importantly, we each receive over $10,000 in scholarship/stipend money from our respective schools in September that can be used as we see fit. Banks have been leery to award us a loan because we have high student loans, but as each of us are college graduates now in graduate school; student loan debt is to be expected. All of our student loans are deferred. My own students loans will not begin repayment until the last six months of my prosper loan.  Therefore, there will be no problem making timely and consistent payments on my prosper loan.

Monthly net income:$ 1,450 during summer, $2,00 during academic yearplease also consider my fiancee?s (wife as of end of July) 40hr/wk job where she brings home around an additional $800 a month.

Monthly expenses: $$1,142
  Housing: $ 325 (rent)
  Insurance: $ 117
  Car expenses: $270 (car payment and gas)
  Utilities: $ 50
  Phone, cable, internet: $50
  Food, entertainment: $ 50
  Clothing, household expenses $50
  Credit cards and other loans: $ 200
  Other expenses: $ 30 (World Vision monthly donation)
Borrower's Other Listings
160067 Our Wedding D $6,000 @ 23% Jun 28, 2007 Withdrawn

 

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