p2p lending at lending club
Trying to help a family member for Cancer Treatment
Homeownership Verified

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Listing Information
Amount: $4,000.00 Status: Expired
Grade: D DTI: 8%
Lender Rate: 20% Borrower: Canucks
Time Left: Finished State: GA
Funded: 0% Group: Atlanta Borrowers

A family member has been diagnosed with cancer and we all are trying to help for the medical costs (patient has no insurance coverage). I am hoping to borrow these funds through Prosper to increase my contribution. Please help as best as you can.  

I have a management position with a major financial institution for the past 2.5 years. My credit rating was impacted during a long unemployment (2002 ? 2005). Financial conditions are now stable for the past couple of years.

Appreciate you taking your time to review my loan request. Please let me know if I can provide any further explanation / detail to facilitate your decision. 

Thanks in advance..
-Paul-

Monthly Net Income: $5,510
Monthly Expenses:   $4,350
(Mortgage = $1,750;  Utilities = $500;  Car Loans(2) = $700;  Car Exp (Gas/Ins) = $400;  Household Exp. = $1000)

Amount left to repay this loan = $1160

Explanation of few entries on my Credit Report (I hope these details will help in making your decision) ?  

  • I have an existing Prosper loan of $3,000 (monthly payment of $112) since February 2007. There has never been a missed or late payment on this loan.
  • I have been making my monthly car loan payments of $378 (total loan ? $11,000) to AmeriCredit since February 2006 without any problems. The loan was refinanced with HSBC in August 2007 (for a monthly payment of $315) and is always kept up-to-date.
  • I have a successful credit history paying off my mortgage payments (with Washington Mutual and Guaranty Fed Savings Bank) as well as a number of auto loans (BMW and Toyota).
  • A couple of outstanding credit card balances showing in my report (with Capital One) should have been cleared in my bankruptcy filing of 2002. But they were mistakenly left out of the filing papers. Hence they are still showing in my credit report as outstanding balance.
  • My Credit Report shows 4 public records (bankruptcy records). In fact there should be only 2.  I had 2 bankruptcy filings during my long unemployment of 4 years, trying to save my house from a very aggressive mortgage lender ? 1st one in 2002 and the 2nd in 2003. Second bankruptcy filing ended up showing in my reports for 3 times. Reason for these multiple entries ? initial paper work submitted on 07/30/03 was incomplete hence required a re-submission on 10/21/03. Then I was advised to change the filing from a Chapter 13 to a Chapter 7 on 04/05/04. To follow proper court procedures, every time I changed my filing, court clerk had to close the previous case# and open a new one. This situation ended up creating 3 different court records for the same bankruptcy filing.
Borrower's Other Listings
83605 Need to replace car's transmission E $3,500 @ 20% Jan 10, 2007 Expired
86964 Need to replace Car Transmission E $3,001 @ 20% Jan 20, 2007 Loan created
272404 Please help to support a family member for cancer treatment D $3,001 @ 22% Jan 28, 2008 Expired
368279 Previous loan was paid on time - Help to pay medical bills E $5,000 @ 25% Jul 16, 2008 Withdrawn
370729 Last Prosper loan paid on time - Need to pay medical bills E $3,000 @ 31% Jul 21, 2008 Expired
374530 Last Prosper loan paid on time - Need to pay medical bills E $3,000 @ 35% Jul 28, 2008 Expired

 

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