p2p lending at lending club
Remodeling Dream Home / Clean Credit / No DQ's!
Homeownership Verified

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Listing Information
Amount: $7,500.00 Status: Loan created
Grade: C DTI: 43%
Lender Rate: 18% Borrower: hockeytown21
Time Left: Finished State: AL
Funded: 100% Group: No Bull Investors - We Invest In Good Borrowers
Loan Information
Loan Status: Paid Origination Date: 2007-11-29 EricsCC ROI: 17%
Status History
Nov 29, 2007 Current
Oct 18, 2008 Payoff in progress
Oct 23, 2008 Paid
Thanks for considering our loan!

Purpose of the loan:
My wife and I are renovating our dream home that we purchased last year after getting married. The home was built in 1895 and was left vacant for five years prior to our purchase. The home had so much potential and just needed some TLC to restore its beauty. We have been working diligently for 1 1/2 years and are close to finishing our large renovation. This loan will give us the final capital needed to finish the renovation and completely restore a historic piece of history in our quiet neighborhood.

My financial situation: 
We are hard working dedicated people with a sense of personal responsibility.  We both pay our debts in full and on time as you will notice in my credit rating. We currently have a smaller Prosper loan that is current and has been paid on time every month. Both of us are well employed and enjoy the work that we do tremendously. If you have interest in bidding you can be sure that we will make good on our debt to you. My hope is that we will be able to be in a lending situation in the next year so we can help others who have helped us. Below is an outline of our monthly budget for you to review:

My monthly budget:
Net income                      $5,375 (after deductions)
Mortgage                         $1,500
Car payment 1                 $500
Insurance                         $100
Utilities                            $400
Credit Cards                     $400
Other Credit                     $300
Groceries                        $400
Gas                                  $50 (my gas is company paid, my wife drives 3 miles to work)
Existing Prosper Loan       $100
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Total bills                        $3750
Free cash flow after bills   $1625

You will see that we will have enough cash every month to easily pay back this loan, so please BID WITH CONFIDENCE!
Borrower's Other Listings
121772 Newlyweds Need Help On Taxes C $2,000 @ 15% Apr 10, 2007 Withdrawn
122265 Newlyweds Need Help On Unexpected Tax Bill C $3,000 @ 15% Apr 17, 2007 Withdrawn
126551 Newlyweds Need Help WIth Taxes C $3,000 @ 15% Apr 20, 2007 Loan created
230114 Newlyweds Determined To Be Debt Free! C $15,000 @ 20% Nov 11, 2007 Withdrawn

 

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