Reinvest in Prosper

| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 5% |
| Lender Rate: | 7% | Borrower: | Framerman |
| Finished | State: | NJ | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-01-10 | EricsCC ROI: | 6% |
| Status History | |
|---|---|
| Jan 10, 2008 | Current |
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Purpose of loan: This loan will be used to reinvest back into Prosper. I have been a Prosper investor since May of this year and I currently have over $14K invested. I have been investing at the rate of $1500 additional dollars per month. The full amount of this loan will also be invested in Prosper to accelerate me to the planned investment goal of $20K. My financial situation: I am currently in a very good financial position and will have no problem paying off this loan. I could actually service this loan only using income derived from my Prosper loans or if it becomes necessary, I have enough liquid cash in other accounts to pay this off immediately. My CC ratio is actually lower than shown here since I have made a couple of four figure payments in the past week and they are not reflected as yet.The seven (7) delinquencies that show occurred several years ago while I was going through a divorce. I was living elsewhere during the separation and some bills were temporarily lost during the transition. There have been no delinquencies in the years since my domestic situation settled out. |
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