Zero Delinquencies
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,800.00 | Status: | Loan created |
| Grade: | D | DTI: | 34% |
| Lender Rate: | 22% | Borrower: | USNavyVet |
| Finished | State: | NC | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-01-03 | EricsCC ROI: | 19% |
| Status History | |
|---|---|
| Jan 02, 2008 | Current |
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Purpose of loan: P2P lending is coming around to the main stream. Sure, we lenders believe we have the analytical acumen to draw fairly good conclusions about which are the best candidates for our money. However, even we would prefer better automated intelligence via Prosper's API when manually placing bids. I think the Standing Orders and Portfolio Plans are a good start to help shield new lenders from realizing losses immediately. Additionally, the 2008 conference in San Francisco will also help seasoned lenders improve their selections and practices. People want tips, tips, and more solid tips. Remember the catch phrase, "When E. F. Hutton talks, people listen." Unlike the stock market, we can invest (or bid) on whatever we recommend without the SEC frowning. Moreover, just like investment bankers honing a private company to make it a stronger, more viable company for IPO, we can help borrowers become the candidates we desire. Review my performance on lendingstats and ericscc. My financial situation: Great! However, looking forward to my annual review and pay raise. I don't plan to stop working as an IT Sr. Consulting Analyst for years to come. Unless, of course, a Consulting Manager position becomes available. Monthly net income: $7,600 Monthly expenses: $5,512 Questions and Answers: What qualifies me for this endeavor? I've created and two businesses in the past, an on-call technical support service as a sole proprietorship and an online retail brokerage as an "S" Corporation incorporated in Virginia. Both of which consumed volumes of my time. I'm an analytic implementer. Basically, I solve problems for a living. Why offer the high rate? View my previous listings and you'll find that my usuage of revolving credit lowers my credit score, forcing me to offset it by offering a higher ROI. Why did you move to North Carolina? I have property in North Carolina and Virginia; and, NC has a better business rate. How will the money be used? Five thousand dollars will retained as a bonus for P2P investment purpose by the new company, allowing the company to quickly point to the USNavyVet profile on existing P2P tracking sites as an example. Essentially, its CEO will be it's initial spokesperson. The remaining proceeds of this loan are to be used to buy out my existing corporation shares while reincorporating it as a commercial website for P2P borrowing tips and investment strategies. How will the business make money? Advertising revenue. What about your previous plans to raise your credit score? Chipping away at my revolving debt by paying more than the minimum payments. Why was the last loan paid off early? As demonstration of integrity: In my previous loan's listing, I assured lenders that I would pay it in full upon the third month. Why did you change the listing? The previous listing needed expiration indicates that I should lower the amount requested and extend the bidding period. So, I'll have to be more conservative and creative with the proceeds. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 175306 | D to AA by following the Score Simulators advice | D | $25,000 @ 11% | Jul 24, 2007 | Expired |
| 214224 | Great Repayment History | D | $1,000 @ 11% | Oct 11, 2007 | Loan created |
| 254234 | 2nd Loan for Prosper Lender, w/No DQs or Lates | D | $16,500 @ 35% | Dec 21, 2007 | Withdrawn |
| 254672 | 2nd Loan for Prosper Lender, w/No DQs or Lates | D | $16,500 @ 35% | Dec 22, 2007 | Expired |
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