Home repair before sale of house
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Withdrawn |
| Grade: | D | DTI: | 25% |
| Lender Rate: | 14% | Borrower: | rlecor |
| Finished | State: | NJ | |
| Funded: | 0% | Group: | BORROWERS - Free instant Listings - LARGEST GROUP |
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ABOUT ME: I am 44 years old, married for 8 years, and have a 5-year old boy. I have been with my current employer, an Investment Bank, since 2001. EXPLANATION OF BAD CREDIT: My wife and I are the owners of a car rental business, which my wife has been operating since April 2001. I work full-time for an investment bank on Wall Street. After September 11, all our money had just been invested in the business and the travel industry collapsed. We survived the hard time and still own the business. But I had to declare personal bankruptcy because of debts incurred to get the business off the ground. Our business is now 7 years old and sucessful again, even though the bankruptcy will remain on my credit for some time to come. WHAT I WILL DO WITH THE MONEY LOANED TO ME: We are putting up our primary home for sale and moving into a smaller house after the sale. The amount is to be used to do some minor kitchen and bathroom repairs to enhance the appearance and our chance of getting the best possible price. HERE ARE MY MONTHLY FINANCIAL DETAILS: My salary of $65,000 gives me ample room to pay this loan. In addition, I am expecting an additional bonus of $5000 in February. Finally, upon selling the house around June or July, I will pay off the loan in full. CLOSING REMARKS TO LENDERS: ============================= My record on Prosper speaks for itself. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 93088 | Buying an investment property in Jersey City | A | $14,000 @ 10% | Feb 04, 2007 | Loan created |
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