Bill due from wedding caterer, low risk, high reward!
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Loan created |
| Grade: | E | DTI: | 25% |
| Lender Rate: | 20% | Borrower: | Lukky |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-12-17 | EricsCC ROI: | 17% |
| Status History | |
|---|---|
| Dec 15, 2007 | Current |
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Purpose of loan: I will use this loan to pay the catering bill from our wedding. We ended up with a lot more people than we expected and I had to pay the catering bill with my AMEX charge card. The original bill was $8000, and I have paid it down to $6500 over the last week. I will have it down to $5000 by the time this listing ends. The balance is due at the end of the month. My financial situation: My Experian PLUS credit score is 643. The 'Experian Scorex PLUS' used by Prosper has me down in the E range (643 would put me in the C range) due to high credit utilization. I paid for most of the wedding with 0% APR credit cards. Because of that, my Prosper loan will be my only high-interest rate loan, which means I will be paying it off first. I'm expecting a 12% bonus this year, and I will be exercising stock options. Even with this Prosper loan, I will have all of my debt paid off before the promotional rate ends in 18 months. I have been employed full time since I graduated college (BSME) in 2002 and moved to California. In the last 5 years I have almost doubled my income by making a few strategic job changes to companies that will pay more for what I do. I make enough money to pay this bill, just not fast enough for AMEX. Just in case this loan doesn't go through, I have my motorcycle up for sale. December is a terrible time to sell a motorcycle, but that's the kind of thing I will do to protect my credit. I have no delinquencies, no bankruptcies. I pay my bills on time, every time, no excuses. I'm listing at a high APR because that seems to be the best way to attract bidders on Prosper. My crappy Scorex rating is your high-profit investment! Monthly net income: $4369 This is not including my wifes income (~$1800). She buys our groceries and pays for most everyday items. Monthly expenses: $3439, leaving $930 to pay this loan Rent: $1151 Insurance: $165 Car expenses: $835 (two car loans) Electric: $80 Cell phone, cable: $180 Food, entertainment: (comes out of my wifes check) Clothing, household expenses $100 Credit cards and other loans: $800 Other expenses: $128 (student loan, 4% APR) Please feel free to contact me at any time with questions or if you need more information that shows I'm a low risk borrower. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 242074 | Bill due from wedding caterer | E | $8,000 @ 35% | Dec 01, 2007 | Expired |
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