Buying a portion of a business
| Listing Information | |||
|---|---|---|---|
| Amount: | $8,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 11% |
| Lender Rate: | 16% | Borrower: | chilejo |
| Finished | State: | CA | |
| Funded: | 100% | Group: | 435 Supporting Lenders - Get FUNDED @ LOWER % than ANY group |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Default | Origination Date: | 2006-07-12 | EricsCC ROI: | -46% |
| Status History | |
|---|---|
| Jul 12, 2006 | Current |
| Nov 06, 2006 | Late |
| Nov 13, 2006 | 1 month late |
| Dec 14, 2006 | 2 months late |
| Dec 21, 2006 | Current |
| Dec 30, 2006 | Late |
| Jan 10, 2007 | Current |
| Mar 29, 2007 | Late |
| Apr 13, 2007 | 1 month late |
| May 13, 2007 | 2 months late |
| Jun 13, 2007 | 3 months late |
| Jun 22, 2007 | 1 month late |
| Jul 13, 2007 | 2 months late |
| Aug 13, 2007 | 3 months late |
| Sep 13, 2007 | 4+ months late |
| Sep 21, 2007 | 2 months late |
| Oct 14, 2007 | 3 months late |
| Nov 13, 2007 | 4+ months late |
| Jan 31, 2008 | 1 month late |
| Feb 13, 2008 | 2 months late |
| Feb 18, 2008 | Default |
| Mar 06, 2008 | Repurchased |
| Jun 10, 2008 | Default |
|
I am a sophmore in Boston University, School of Management. Before I lived in Boston, I lived in the Los Angeles, CA, area. I attended Harvard-Westlake School of North Hollywood, CA. I am of HIspanic origin, since my parents are from Mexico. I was born in Mexico City; my family moved to the U.S. when I was three months old. I speak English and I am very proficient in Spanish. The majority of my friends both from High School and College come from wealthy families too. The majority of my friends in College are foreigners mainly from Western Europe and India. I enjoy soccer and sports in general. Currently, I am working in one of my uncle's business, a website, <a href="http://www.sportsandmoney.com">www.sportsandmoney.com</a>. My uncle has offered me to buy a portion of his business, 5% for $15,000 (I am requesting a loan for $8,000 since I alaready have the additional $7,000 from personal savings) and I want to do it since I believe in the business model. My line of work is to whatever is needed in the business, from dealing with the software developers to obtain the necessary operating licenses, dealing with the credit card processors, etc. My current salary is $2,500 a month. My father takes care of the College and my living expenses, so all my earnings are available to repay the loan. If needed, although I want to avoid this as much as possible, my father could loan me the money to pay off the loan that I am requesting, although much of the decision to request the loan in prosper.com instead of doing it from my father, is because I would like to "cut the umblical cord" as much as possible. Thank you. |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|