Prosper lender wants to learn the borrowing experience
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 9% |
| Lender Rate: | 9% | Borrower: | building_community |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-11-27 | EricsCC ROI: | 9% |
| Status History | |
|---|---|
| Nov 24, 2007 | Current |
| Jun 21, 2008 | Payoff in progress |
| Jun 28, 2008 | Paid |
|
Purpose of loan: Howdy, folks. I'm new to Prosper. I'm enjoying loaning money. And since I'm becoming active in the Prosper community by loaning, I'd like to experience what my fellow Prosperians who are asking for loans experience - ergo this loan request. My initial loan request - which got to 40% funded - was for $25K at 8.5%. My second time around was for $25K at 11%, and I got 85% of my loan funded. (I mean, who gets to 85% and doesn't get funded?) Both of my previous loans were three-day listings. This time around I've bumped up the return up to fifteen percent to generate more interest in my loan, and extended the loan to ten days. If I don't get funded this time around, I will purchase a very nice hat and then promptly eat it. My financial situation: I own a $2M/year business. I have impeccable credit. My $76K credit balance is a HELOC (I carry no other revolving debt), and Wells Fargo tells me that it's actually at about $52K. I guess Experian is tracking things a bit more slowly than I am. In my personal life I pay debts early. In my business life I pay debts early. I have been working on keeping my credit clean since I was about 18. My low DTI and AA rating bear that out, and 22 years later I'm pretty happy with the way things have come to pass. While I could pay this loan off right away, I promise(really - I PROMISE) that if the rate goes to 9% or less, to keep it at least one year, to make sure you folks get a few bucks back on your original investment. (And if it stays above 9%, all bets are off and I might pay it back more quickly. Sorry about that. Bid it down, people.) For more info about me, check out my profile. And please feel free to ask me questions. I'm pretty impressed with Prosper and how things work around here - I'm looking forward to continuing to play on both sides of what Prosper offers to Do Well by Doing Good. Thanks for reading through this, and thanks for investing in other people's dreams. That's nice of you. Monthly net income: $ 13K, more or less Monthly expenses: $ 7K, more or less |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 228187 | Yeah, I'm a good bet - and will reinvest 100% in Prosper | AA | $25,000 @ 9% | Nov 07, 2007 | Expired |
| 229849 | Prosper lender wants to learn the borrowing experience | AA | $25,000 @ 11% | Nov 10, 2007 | Expired |
| 349181 | Second Prosper Loan to consolidate outstanding balances | AA | $5,000 @ 6% | Jun 13, 2008 | Loan created |
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