p2p lending at lending club
Testing the System & Re-investing

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Listing Information
Amount: $6,001.00 Status: Loan created
Grade: A DTI: 3%
Lender Rate: 7% Borrower: shanghaimoh
Time Left: Finished State: MD
Funded: 100% Group: Harvard University Alumni & Students
Loan Information
Loan Status: Paid Origination Date: 2006-02-21 EricsCC ROI: 7%
Status History
Jul 12, 2006 Current
Jul 03, 2007 Payoff in progress
Jul 07, 2007 Paid
I'm borrowing for two purposes:

1) test the system out: I'd like to become a group leader and bring in a number of people who might benefit from Prosper.  Before selling the system to friends, I want to see that it works without hiccups.

2) re-invest: I'll be using the money to re-invest with eye on recouping my costs.  I'm not looking to bet the money on consumption purposes or high-risk ventures.

I look to be an 'A' rating, which seems odd to me, since my credit report shows no delinquencies or inquiries or anything of that nature.  I thought I would be a 'AA'

In any event, I have no debt (student or mortgage or otherwise) besides what I carry on my credit cards before paying the balance in full every month.  So, you will be my only creditor.
Borrower's Other Listings
203 Testing system out A $6,001 @ 7% Feb 13, 2006 Withdrawn

 

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