Eric's Credit Community

Since Prosper has helped me to get my Credit back on track. I would like to take out a loan to go into a Prosper Account and to open a Capital One Rewards Money Market Account and a portion of the Money to go into a Washington Mutual Savings account. I'm borrowing the Money for 2 years with the purpose of accumulating interest for the period of time in the above accounts.

The money would be distributed as follows:
$1,500 - Prosper Account - Money will be used to lend to other Prosper Members. Money will be returned after 2 years.

$1,200 - Capital One Rewards Money Market Account (4.66% interest and 2,500 reward points upon opening an account) Money will be held in the account for 2 years, returned back. Remaining Interest and Reward Points will be left in the account

$500 - Washington Mutual Savings Account - interest accumulated monthly
 
Credit Grade Explanation (D)
I have made some mistakes in the past, but I have been able to turn those unfortunate situations around. (Involving the Public Record listed on my report which I believe will drop off from Credit report next year. That would also account for the delinquencies within the last 7 years as well as 3 delinquencies in error on my Credit report that I have been forever trying to remove.

All of my accounts are current and the existing loan that I have with Prosper is current as well. (<1 month was due to an error with the bank that was resolved) I haven't had any other problems since that time!) 

I was able to obtain new Credit again but at the same time I didn't know that too many inquiries can hurt your credit score. 

This is the last loan that I will be asking for in a while. 
I want to continue to rebuild by Credit Grade and Score and most of all continue to have a good reputation with Prosper!

High DTI
My Credit Report consists of Joint accounts which another Relative is taking care of. That is the reason for my High DTI. All of those accounts are current and are paid on time.
I'm working to get some of those accounts removed from my Credit Report!  

Household Net Income $1,200
Expenses: (Personal Expenses not huge)
Prosper Loan - Going into year 2 current $130.07
America Online - 9.95                                  
JcPenney - 15.00                                                     
Walmart - 12.00                                                
Macys -7.00                                                        
Capital One - 15.00

The house where I live is paid for (Family home) No Mortgage.

I hope my request will be able to granted!

Thanks!