Re-Invest in prosper, invest in people
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Expired |
| Grade: | AA | DTI: | 0% |
| Lender Rate: | 20% | Borrower: | PVB1118 |
| Finished | State: | ID | |
| Funded: | 0% | Group: | (No Group) |
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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 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 assets 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. I have no outstanding loans at all. I am also married & my husband will be responsible for making sure I pay this as well, and his income and assets are not reflected in this listing. We have other savings/investments, but they are not very liquid. Payment will not be a problem. 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) |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 154175 | Re-Invest in prosper, invest in people | A | $3,820 @ 12% | Jun 30, 2007 | Loan created |
| 282795 | Safe Investment | A | $24,000 @ 35% | Feb 21, 2008 | Withdrawn |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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