Wedding Expenses
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 33% |
| Lender Rate: | 19% | Borrower: | BigHeadRob |
| Finished | State: | IL | |
| Funded: | 100% | Group: | Brighter Financial Future |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 4+ months late | Origination Date: | 2007-11-07 | EricsCC ROI: | -49% |
| Status History | |
|---|---|
| Nov 07, 2007 | Current |
| Jun 22, 2008 | Late |
| Jul 09, 2008 | 1 month late |
| Aug 08, 2008 | 2 months late |
| Sep 08, 2008 | 3 months late |
| Oct 08, 2008 | 4+ months late |
|
Purpose of loan: I am going to payoff my revolving debt and use the rest of the loan funds to take my wife on a little weekend trip to take the place of a honeymoon until I can take her on a real one. I had to re-list this loan because Prosper came up with a really low verified income for me. My financial situation: I am a loan consultant with one of the largest banks in the country. Because of the nature of the mortgage business and 100% of my income being commission based, I can go through very large fluctuations in income from month to month. I have a steady flow of referral business, along with the walk-in business that my bank's brand name provides, so I am always closing loans and really quite busy. These numbers are pulled directly from my federal tax returns: 2004 Adj Gross Income: $118,237 2005 Adj Gross Income: $125,469 2006 Adj Gross Income: $128,804 2007 Year-to-Date Gross Income: $62,448 I have over $6.5 million in my active loan pipeline, and accounting for loan fallout, I should receive approximately $40k in commission from just my current active loan pipeline. My current yearly income is lagging behind passed years, but I will still hit $100k for the year. Average Monthly Net Income (last 3 1/2 years): $5950 (conservative) Monthly expenses: $4468
Credit Profile: All of the delinquencies are over 5 1/2 years old and occurred during one rather horrendous period of my life which began in October 2000 with the separation and eventual divorce from my ex-wife (finalized August 2001), and continued through the beginning of 2002, which is the last time a late payment shows in my credit history. During this period my oldest brother (Feb. 2001) and my mother (Dec. 2001) passed away. I lost my high paying IT job (Apr. 2001), and could not find a comparable position. I had to file for bankruptcy because of the unemployment and pending divorce. My car was repossessed (Sep. 2001), and I was evicted from my home (Dec. 2001). If the loan does fund, I will do my best to carry the loan through to full term, so everybody that contributes gets paid well. If you want more info on my family, check us out on my website, www.myfundingsolution.com/aboutus.htm. Thank you for your consideration. Best Regards, Rob |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 192312 | Debt Consolidation and Maybe a Honeymoon | D | $25,000 @ 28% | Aug 24, 2007 | Expired |
| 195948 | A Honeymoon for My Wife | D | $9,000 @ 22% | Sep 01, 2007 | Expired |
| 206325 | A Honeymoon for My Wife | D | $9,000 @ 22% | Sep 24, 2007 | Expired |
| 209997 | A Honeymoon for My Beautiful Wife | D | $15,000 @ 23% | Oct 02, 2007 | Withdrawn |
| 214384 | Wedding Expenses | D | $15,000 @ 29% | Oct 12, 2007 | Expired |
| 219291 | Wedding Expenses | D | $10,000 @ 24% | Oct 22, 2007 | Cancelled |
| 221875 | Wedding Expenses | C | $10,000 @ 29% | Oct 27, 2007 | Withdrawn |
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