p2p lending at lending club
RELIST: 110% commited to Lenders

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Listing Information
Amount: $17,500.00 Status: Withdrawn
Grade: HR DTI: 55%
Lender Rate: 35% Borrower: Derrick_JFI
Time Left: Finished State: CA
Funded: 0% Group: BORROWERS - Free instant Listings - LARGEST GROUP
Purpose of loan:

Part of this loan will be used to pay off my first Prosper loan, as well as pay off the rest of my debt (around $4K total). I will take up to $10K as a down payment on a house for me and my son then the rest will be used as working capital for my business- www.jfiproductions.com

My financial situation:

I am a great candidate for this loan because I am a very honest and caring person. I am not sure of the HR rating (should be at least an E) as I have been paying weekly on all of my debt. I have also been working on settling the deliquent account that is on my credit but I guess in time. Just check my first Prosper loan 100% on time at 13 months.
 
I have been working for a temp service- Adecco, now for about 3 months at the Nestle/Arrowhead bottling plant in Cabazon, California. I have been making $13 an hour- 40 hours a week. I am assured that I will be hired on full time in early February and I will be earning an extra $3 dollars an hour (from $13 to $16) plus this spring I will start getting a minimum of 4 hours of overtime a day. $16 X 40=$640 a week (40 hours) plus the over time. $24 (time and a half) X 20 hours (4 hours a day) =$480- That will be just about $1100 a week. Luckily, I am also supposed to start the day shift soon- 6am-2:30pm. Even when spring comes I will still be home by 6:45pm- I only drive about 7 minutes to work.

Plus I just signed a contract (12/07) for a TV producer out of Florida to video edit a TV series that airs in Florida and Alabama- Community Central TV- this will also bring in up to $2500 per month, for a minimum of 6 months. Even with working 12 hours a day on my normal job this project will only take me a few hours to complete each episode with several days to work on per episode (my days off).

The cameras that I would like to purchase will also bring in great revenue. The equipment would bring in a minimum of $1-5K per project. I am looking at multiple cameras with the ability to edit while taping (multi switching). I am always getting calls from local colleges and schools that are looking for these types of services, but I always had to turn them down due to the equipment that I have been using. I already have a few projects in the works, with a few local stations interested, but I just can?t shoot them with home video cameras. First thing I plan to do is tape a 5-10 minute demo for a local program that I have been working on- then I can present it to the local news paper and the main plant manager at Nestle and maybe get corporate sponcership.

Monthly net income: $
Currently just my Addeco/Nestle Waters income- $2080 by March-$2560 and by April/May- $4480 (OT) plus the extra income from the Community Central project. I have already started working 10-12 hours this week and soon our plant is expected to open a new line, so the overtime will be there. I know that the opportunities that I have will allow me to better myself as well as better my son, and I hope that once my business is successful I get the opportunity to pass along the good fortune.

Thank you for your concideration

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