Capital to continue thriving internet/consulting business
| Listing Information | |||
|---|---|---|---|
| Amount: | $9,425.00 | Status: | Loan created |
| Grade: | C | DTI: | 18% |
| Lender Rate: | 15% | Borrower: | KrisMac |
| Finished | State: | CO | |
| Funded: | 100% | Group: | Entrepreneurial Spirit |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-09-12 | EricsCC ROI: | 11% |
| Status History | |
|---|---|
| Sep 13, 2007 | Current |
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Purpose of loan: First and foremost to pay 2 small delinquent loans, one for $190(last of my college tuition) and another from Discount Tires for $600-The discount tire loan was a major screw up on their behalf and for the first 3 months after opening the line of credit they sent me no bills and claimed I wasn?t in their system. By the grace of God I suppose I just magically appeared in the system and automatically default? I want to clear these 2 loans up and then the rest of the loan will be applied to my business allowing me to hire a part-time employee, buy another computer and create more products. I design digital products such as software and eBooks to resell for nearly 100% profit. This loan will not only allow me to clear up the 2 delinquent accounts but it will also allow me to expand a fastly growing business. Right now I have 2 products in developmental stages so the majority of my capital is being used to secure these projects. My financial situation: When I turned 18 I signed up for a credit card and maxed it out, I am still paying back that credit card and I am 24 years old. Since then I havn't once opened another credit card and I could have easily filed for bankruptcy but I didnt because it's only fair I re-pay my debts. I have kids a mortgage in excellent standing and a solid business model and have proven my ownership to responsibility time and time again. Obviously my reputation and future success may lie in the investments from this group of kind investors so I feel that repaying this loan will only allow me to expand even larger in the future. Also, in return, I would like to help other members of Prosper with thier financial goals in the future. Monthly net income: $ $4500 Monthly expenses: $ Housing: $ 1300 Insurance: $ 243 Car expenses: $0-Payed off Utilities: $ 115 Phone, cable, internet: $125 Food, entertainment: $ 680 Clothing, household expenses $ 100 Credit cards and other loans: $ 215 Other expenses: $ 0 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 155024 | Capital to continue thriving internet/consulting business | C | $12,500 @ 18% | Jun 23, 2007 | Expired |
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