Perfect Credit - Testing Borrower Side
| Listing Information | |||
|---|---|---|---|
| Amount: | $9,999.00 | Status: | Loan created |
| Grade: | AA | DTI: | 10% |
| Lender Rate: | 7% | Borrower: | Valorsoul |
| Finished | State: | IL | |
| Funded: | 100% | Group: | University of Michigan |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-01-11 | EricsCC ROI: | 6% |
| Status History | |
|---|---|
| Jan 11, 2008 | Current |
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Purpose of loan: I'm testing the borrower side of things and hope to enhance my returns. I've been a lender for awhile now (holding over 30 loans that are all current). I've been solid at picking excellent loans, with 0 defaults (I bid on A-D) and I'm enjoying the great returns. My financial situation: I am a good candidate for this loan because I'm zero-risk. I have substantial personal assets and value my credit score of being AA. I want to keep it that way so that after a few years when the housing bubble finally deflates (3-5 years), I'll be able to pick up a some properties (for myself and to rent out) Another note: I always pay off my credit card balances in full. I have never had credit card debt. I use the credit cards for cashback bonuses and also for the convenience. That balance is a little higher than usual because of Christmas shopping. Typically in a month I spend my first paycheck on rent, utilities, and credit card balances in full. The second paycheck I save completely and invest it in the stock market mostly and occasionally in prosper (I get better returns in the stock market than prosper, but prosper is less risky). Income: $3000 (take-home after deductions like 401k, insurance, taxes) Expenses: $1076 Rent (My-share) $25 (We only pay for electricity since cable, internet, central heating/cooling, workout room, are all free in my building) $200 Food $300 Entertainment (shopping, movies, etc.) Total: $1500 |
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