Reinvesting in Prosper
| Listing Information | |||
|---|---|---|---|
| Amount: | $4,900.00 | Status: | Loan created |
| Grade: | AA | DTI: | 11% |
| Lender Rate: | 8% | Borrower: | SeedCapital |
| Finished | State: | VA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-12-13 | EricsCC ROI: | 7% |
| Status History | |
|---|---|
| Dec 13, 2007 | Current |
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Purpose of loan: I will be using this money to reinvest in Prosper loans. I have been investing in Prosper for a few months, and have made about 30 loans already. I really like the Prosper mission of people helping people succeed and believe in the peer to peer lending model. I am looking to expand my investing activities and am hoping that my good credit will allow me to secure a loan at a low enough interest rate that I will be able to earn a decent return on my investment! My financial situation: I would like to experience the borrowing side of prosper as it may help shape my future investment decisions. Leveraging borrowed funds will help to increase my overall return from Prosper. I am an executive at a Consulting company and make a pretty good living. I have significant assets including retirement accounts, house and brokerage accounts. At this time I plan to pay off the loan over a couple of years, so you will have a consistent repayment on your investment. After reviewing my income and expenses below, you'll see that financially I do not need this loan. This is primarily a learning experience on the borrowing side for me and an opportunity to leverage borrowed funds. Monthly net income: $ 8,000 Monthly expenses: $ Housing: $ 2000 Insurance: $ 200 Car expenses: $ 650 Utilities: $ 200 Phone, cable, internet: $ 150 Food, entertainment: $ 600 Clothing, household expenses $ 200 Credit cards and other loans: No revolving balances Other expenses: $ 500 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 400703 | My personal loan for debt consolidation | AA | $10,000 @ 8% | Sep 20, 2008 | Loan created |
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