Septic field left me drained.
| Listing Information | |||
|---|---|---|---|
| Amount: | $4,000.00 | Status: | Withdrawn |
| Grade: | C | DTI: | 22% |
| Lender Rate: | 15% | Borrower: | Equalizer |
| Finished | State: | MI | |
| Funded: | 0% | Group: | (No Group) |
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I am a lender here on Prosper and have a small need where I can test out the borrowing side. I own a couple of rental properties in addition to the house I live in. This spring I needed to replace the septic field at one of the houses and it left my reserve cash fund somewhat drained. Summer taxes are comming up and I need to do some carpeting in another house, So I'd like a little more cash on hand than what I currently have built up. I have about 50,000+ equity in the house. It is in a good neighborhood and many of the empty lots are being built up with nice bigger homes. Here is a picture of the house across the street. People are paying almost as much for a lot my size as I paid for the house. I currently work a full time job in the Machining and Tooling Trades here in the Detroit area. The derogs you see on my file are from when I was 100% self employed 5+ years ago. The industry took a dive for a few years and money flew out faster than it was comming in. I still have a small machine shop business on the side, but work a regular 50+ hour a week job. One is a medical bill, and the other two are paid collections. All 3 total less than $500.00 and have been PAID IN FULL for years. What irks me and makes me a firm believer in Prosper is that Experian wants to grade me as a C. I've never been 30 on 3 mortgages in over 5 years, almost 4 years with GMAC, never late, an installment loan for another vehicle, 3+ years, never late, a computer installment account, never late, VW credit 1 year, never late, I've got $330,000 in mortgages with a perfect record, but 3 small and paid accounts for less than $500, 5 years old makes me a C? Thank you Prosper. I plan on using any remaining funds to continue investing in Prosper. Thank you for your consideration. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 23419 | Replacing Septic Field Left My Funds Drained | C | $3,000 @ 13% | Jul 07, 2006 | Loan created |
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