Investing in Debt Receivable Portfolios
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 25% |
| Lender Rate: | 13% | Borrower: | Panorama |
| Finished | State: | NY | |
| Funded: | 100% | Group: | Hellenic Finance Network |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-12-14 | EricsCC ROI: | 11% |
| Status History | |
|---|---|
| Dec 14, 2007 | Current |
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Purpose of loan: This loan will be used to finance an ongoing debt buying investment strategy. I have been involved in investing and collecting on credit card charge-off receivables for approximately 4 years. I have been experiencing returns in excess of 30%. I am a lender on prosper.com and realized that I can also provide a solid return to investors on prosper.com. I could pay out more in interest but under New York law I am offering the maximum interest rate. (explain what you will be using this loan for) My financial situation: I am a great candidate for this loan as I have no delinquencies. (explain why you are a good candidate for paying back this loan) Monthly net income: $ 6,000.00 Monthly expenses: $ Housing: $ 850.00 Insurance: $ 300.00 Car expenses: $ 575.00 Utilities: $ 800.00 Phone, cable, internet: $ 200.00 Food, entertainment: $ Clothing, household expenses $ Credit cards and other loans: $ 1,000.00 Other expenses: $ |
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