International Adoption Expenses
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 28% |
| Lender Rate: | 14% | Borrower: | assocation14 |
| Finished | State: | CA | |
| Funded: | 100% | Group: | Professors |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-01-23 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Jan 20, 2008 | Current |
|
I am college professor and business consultant who is adopting children from central Asia this year. After adopting a toddler a few years ago, we are returning for more children. Having used Prosper before successfully and paying back my previous loan for another purpose, I want to use this service again to obtain short term funding at a low interest rate to cover the expenses of international adoption These expenses include airfare, translator fees, facilitator fees, hotel expense, food and government fees. We have adopted internationally before and recognize the balloon of payments while overseas is something I should prepare for now while I am in America. We will travel in the summer when I have flexibility in my work and be living there for between one and two months while we fulfill the legal requirements of two weeks orphanage visitation, arrangement of the court hearing, finalization of the adoption, and processing at the US Embassy for final approval of citizenship for the adopted children. Several hundred American families undergo this process each year along with dozens of families from Belgium, Spain and many other countries as well. While I could obtain funding from credit cards, Prosper offers the potential of better interest rates. Adoption is expensive and I would like to minimize the costs as much as possible. Thank you. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 20150 | Homeowner refinancing second property needing help | C | $25,000 @ 28% | Jun 16, 2006 | Loan created |
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