AA+ 0/0/0 High Income Lender Seeks Loan for Investment
| Listing Information | |||
|---|---|---|---|
| Amount: | $14,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 10% |
| Lender Rate: | 8% | Borrower: | Hanumanhojo |
| Finished | State: | TX | |
| Funded: | 100% | Group: | Texas Excellence |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-11-28 | EricsCC ROI: | 6% |
| Status History | |
|---|---|
| Nov 28, 2007 | Current |
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Purpose of loan: An opportunity has come up and I would like to borrow money to fund an investment. My ROI on the investment is expected to be higher than my cost of capital (cost of Prosper loan) so I would like to borrow to supplement my contribution. Any money left over will be donated to the Elwood the Pug Facelift Fund. My financial situation: My credit history is long and pristine. As you can see from my credit profile, I pay my bills and carry almost no debt; my only debt is $1600 left on a hybrid vehicle I bought new in 2003 and the rest is credit card debt which I payoff in full each month. Payments will deduct from my account with 100's of K in assets. I earn a high income and am also one of Prosper's best subprime lenders by ROI, see below (not borrowing to lend though given my track record, can probably do that profitably): http://www.lendingstats.com/prosperInvestors?loanCountFilter=1&loanAgeFilter=4&loanAmountFilter=3&submit=Filter&sort=estimatedROI&sortDirection=DESC Finally, I am highly educated holding a BS degree in Electrical Engineering from UC Berkeley and a MBA in New Tech Marketing thus ensuring a high and steady income. Composite Household Monthly Net Income: My Net Income 5,200 <-for Prosper verification (Net amount after maxing out 401K+DSA, insurance, HSA) Spouse's Net Income 3,560 (Net amount after maxing out 401K) Passive Income 2,028 --------------------------------------- Total Mo. Net 10,788 Yearly Bonus Net ~16,800 (used for large cap exp, vacations, taxes, and investments) Composite Household Monthly Expenses: Rent 1,170 Water+Garbage 27 Gasoline for 2 cars 80 (hybrid+another small car, live close to work) Car Note 335 (note matures Mar 2008) Daycare 870 (amount beyond what DSA pays) Food and Cleaning 700 Eating Out 200 Auto Insur for 2 cars 75 Ammo 40 (only shoot paper targets, not cute furry critters) Electricity 120 Parking 50 Cellular 12 Broadband 45 Fun Stuff 400 ----------------------------------------- Total Mo. Expenses 4124 |
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