As good as a CD - Prosper lender wants to learn borrowing
| Listing Information | |||
|---|---|---|---|
| Amount: | $6,001.00 | Status: | Loan created |
| Grade: | AA | DTI: | 11% |
| Lender Rate: | 8% | Borrower: | johnw |
| Finished | State: | MD | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-08-14 | EricsCC ROI: | 8% |
| Status History | |
|---|---|
| Aug 12, 2007 | Current |
| Feb 19, 2008 | Payoff in progress |
| Feb 22, 2008 | Current |
| Mar 02, 2008 | Payoff in progress |
| Mar 07, 2008 | Paid |
|
Purpose of loan: To learn the borrowiing process of Prosper. Then reinvest the money in Prosper. (I intended to do a test loan of about 2K but the great communist republic of Maryland has a 6K minimum.) My financial situation: Financially secure, great salary, keep everyone on a tight budget. I have never had a late payment, EVER! Monthly net income: $ 6527.07 This number includes rental income that was not included in the Prosper income screen(my DTI should be lower) These are monthly Net Salary $5244.07, VA compensation $258, Rental Income $1025 Monthly expenses: $ 5751.67 Housing: $ 1820 + 500 escrow Insurance car/home: $ 215 Car expenses: $ 0 paid off! Utilities: $ 280 Phone, cable, internet: $ 170 cable, cell, internet Food, entertainment: $ 450 Clothing, household expenses $ 100 Credit cards and other loans: $ 441 ( I took advantage of a large balance xfer at 3.99% for life of balance that money is sitting in CDs earning 5% Savings: $ 400 -> savings to cover annual expenses timeshare fees, pay for vacation, etc Rental Expenses $ 791.71 Other expenses: $500 I don't know where that one goes. I will answer any questions posed. (almost) |
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