Debt Consolidation of Profitable & Growing Business!!!
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,500.00 | Status: | Loan created |
| Grade: | D | DTI: | 1,001% |
| Lender Rate: | 20% | Borrower: | ladyonamission |
| Finished | State: | GA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-10-17 | EricsCC ROI: | 19% |
| Status History | |
|---|---|
| Oct 16, 2007 | Current |
| May 01, 2008 | Payoff in progress |
| May 06, 2008 | Paid |
|
Purpose of loan: Unfortunately, my 100% funded loan was cancelled due to Prosper.com restrictions regarding income verification. I will GLADLY verify my income to any bidder! Through my business, I earn over $75,000 annually, putting my debt to income ratio at 46%. Unfortunately, Experian does not reflect my income and Prosper.com instructed me to list my income at $1, meaning income cannot be verified. Again, I will GLADLY verify my income through a current Profit & Loss statement created by my CPA. Thank you to those who funded me 100% previously. I hope you will do so again! Thank you for viewing my listing! For three years, I have owned and operated a very successful and profitable indoor tanning salon! I want to pay off a $7,500 high interest credit card that was used to help purchase my business. I will be able to pay off this loan within ONE YEAR! I am a female entrepreneur with over 15 years of successful retail management and customer service experience. My small business is thriving and needs this small loan to improve my credit score and increase cash flow. My financial situation: My salon has gross annual sales of over $200,000 and growing! It generates over $75,000 per year in free cash flow! I have Certified Public Accountant statements to substantiate my business. For two years, our money was spent on a $4,000/month mortgage for our home which was on the market. Finally, we have SOLD the house and I now live a modest lifestyle with personal monthly expenses of only $2,013! I expect my credit score to increase rapidly with my debt reduction and improved cash flow. My Financial Vision: I want to pay off a $7,500 high interest credit card and improve my credit score. Annual Income: $76,000 (self only) Monthly expenses: Total: $ 2,013 Housing: $ 829 Car expenses: $ 450 Utilities: $ 135 Phone, cable, internet: $ 199 Food, entertainment: $ 400 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 145229 | Final Balloon Payment on Business!!! | D | $25,000 @ 23% | May 31, 2007 | Expired |
| 208181 | Debt Consolidation To Grow my Profitable Business!!! | D | $7,500 @ 23% | Sep 28, 2007 | Withdrawn |
| 209179 | Debt Consolidation of Profitable & Growing Business!!! | D | $7,500 @ 19% | Oct 01, 2007 | Cancelled |
| 357108 | Business Woman & Prosper Veteran Expanding Profitable Salon! | D | $15,000 @ 35% | Jul 28, 2008 | Withdrawn |
| 374632 | Business Woman & Prosper Veteran Expanding Profitable Salon! | D | $15,000 @ 35% | Jul 28, 2008 | Expired |
| 378162 | Re-List! Business Woman Expanding Profitable Salon!! | D | $9,000 @ 23% | Aug 05, 2008 | Loan created |
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