Great family in a tough spot
| Loan Information |
| Loan Status:
| Default |
Origination Date:
| 2006-06-27 |
EricsCC ROI:
| -65% |
| Status History |
| Jul 12, 2006 |
Current |
| Sep 11, 2006 |
Late |
| Sep 27, 2006 |
1 month late |
| Sep 29, 2006 |
Current |
| Oct 17, 2006 |
Late |
| Nov 06, 2006 |
1 month late |
| Nov 28, 2006 |
2 months late |
| Dec 05, 2006 |
1 month late |
| Dec 05, 2006 |
2 months late |
| Dec 28, 2006 |
3+ months late |
| Jun 01, 2007 |
Default |
|
Where does one begin to explain how difficult things have been in a such a short space? During the last 6 years, my family and I have endured many life changing events. Our first such experience came when our son was born in March of 2000. The day he was born, our doctor told us that our son had a gap between his Esophagus and his stomach and that he would have to have medications administered at each and every feeding so that the acid in his system would not get to a level that could become harmful to him. At that time my wife held a very good job that paid well too. We had to make a conscious decision to either have our son in a day care or my wife would have to stay at home with him to administer his medications. The daycare?s we checked into refused to give an infant medications, they didn?t want the responsibility. So my wife made the choice to leave her job and stay at home with our newborn son. The doctor advised us that this would at some point in time correct itself and that our son would lead a very normal life. We had all of the financial resources in place, six months of savings for our new mortgage and a 401K plan through my employer. So we figured we had a good financial backing to fall to if necessary. Boy did we quickly find out just how that would be needed! We were dead wrong! Our mortgage was based on a duel income first of all, so with out my wife?s cash flow, we stumbled and stumbled very quickly. Our cash reserves were gone in seven months and we had to dissolve our 401K plan to keep up. Our son?s condition slightly improved as he got older, but not to the point where my wife could go to work. Fast forward a couple of years and we?re into 2004. A couple of career changes for me had occurred and money was again tight. We fell flat on our face and declared Chapter 13 bankruptcy save our home. As painful as that was, it was all we could do to keep the house we dreamed of and saved for. At the same time as all of this is happening my mother becomes gravely ill and spends over 200 days in an ICU at a prestigious Boston hospital. In April of 2005, my world was forever changed as my mother, my hero, succumbs to her illness. My mother was handicapped and therefore had no assets as she lived with my sister, and virtually no insurance. My sister and I were forced to cover her final expenses and that just took the wind out of my sails financially. I could not pay my mortgage, the bills were mounting and all this time, I was not in a sound mental state, so I just gave up and let things fall where they fell. Then in December of 2005, I am terminated from my Sales Manager?s position at the hotel I worked at. How devastating the year 2005 had been! I?d consider it the single worst year of my life without question! Now we?re into mid 2006 and my wife?s working and I?m working as well. We?re making a little more money than we were, and our son has flourished into a full grown 6 year old that plays sports like he was born to do so?who knows, maybe another budding Red Sox player here! The problem is that our old debts are keeping us from moving forward. We?re working diligently with our mortgage company on a last gasp or desperation to keep the home, but if we don?t unload some of the old debt, we can?t afford all that we have. So I ask for this funding so that a great family can get out of a bad place! I want to be able to enjoy life again and move away from this pressure. I?m well aware that life does ?get in the way?, but it?s shoved me around long enough! We need this by the end of June! |
| Borrower's Other Listings |
| 17354 |
A good guy in a bad place |
C |
$8,700 @ 13% |
Jun 02, 2006 |
Expired |
|
Discussion For This Listing
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Wed, September 20, 2006
|
On 9-18-06 5:11pm Gopats msg to me (collegefundforgrandson) read: "Having a possible indentity theft issue with my account. Should be cleared up shortly."
On 9-17 Prosper had shown loan as one timely pmt recd and 2nd pmt due 8-27 not recd.
On 9-18 some time after 5:11pm Prosper showed 2nd pmt "in transit" + "not applied..." + next due date 9-27.
On 9-19 the "not applied" sign vanished. Still showing "in transit".
On 9-20 Prosper still showing "in transit". |
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Wed, September 20, 2006
|
| As of right now, loan detail shows 9-19 pmt in transit with late chg pd and next pmt due 9-27 (7days from now). |
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Sat, September 23, 2006
|
Oops!!! Now showing only 7-27-06 pmt with no "in transit" or other codes. Next pmt due - Aug 27 2006 (LATE).
I snt msg to borrower. |
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Mon, September 25, 2006
|
Recd msg from borrower: "All's well now a payment has been made."
Prosper shows 9-26 pmt in transit with not applied sign. Next pmt due 9-27.
Recap: Still classified as "Late". Orig date was 6-27-06. 1st pmt on-time 7-27. 2nd pmt late in transit. 3rd pmt due in two days.
Conclusion: Borrower is trying hard. Read listing for background info. Borrower is motivated to make good on this loan. |
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Mon, September 25, 2006
|
| I snt thank you note to borrower. |
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