Add addition to house for business purposes
| Listing Information | |||
|---|---|---|---|
| Amount: | $17,500.00 | Status: | Expired |
| Grade: | D | DTI: | 20% |
| Lender Rate: | 17% | Borrower: | freefallin13k |
| Finished | State: | TX | |
| Funded: | 0% | Group: | PsychDoc's Group |
|
Hi, I want to create a home office in my house, that will be used for song writing and composing, as I am a part time musician, and want to start working on writing and composing in my free time. In addition, I have 2 old items on my credit left over from a divorce, I have been offered a settlement on these items for less than .50 cents on the dollar. My past credit problems were primarily related to a divorce, and while my credit rating reflects that I am a "D", my scored has improved from the low 500's when I took out my first prosper loan to close to 650, and I continue to work on improving my score, in fact I checked Experian last night and it was above 650, which would raise me one grade to C. I am a good candidate for this loan as I have very good employment, and work for a major oil company. My salary, bonus and military benefits are well above 100k a year, and I have a substantial 401k balance in which I have been saving between 15-25% a year for the past 8 years. So, if something ever occurred and I was desparate, I have that option. I have a current prosper loan, and I have never missed a payment, and plan on paying it off in March when I get my annual bonus. My state has recently changed the limits on the personal and business loans and I have set this to the maximum allowed. Monthly Gross Salary - $8,750 Monthly Net Salary - $7,000 Monthly VA Benefit - $1,100 Total Monthly Net - 8,100 Expenses: Mortgage - 1,450 Auto / Insurance / Gas - $775 Prosper Loan - $339 Credit cards - $200 (Minimum payments, but I rarely pay minimum) Utilities - $250 Food, Misc, Entertainment - $200 Daughters Student Loan - $220 On average I have about $3,500 in residual income each month, of which I use to pay down my Visa/MC to ensure I carry a lower balance. While my credit is not the best due to past problems, it is not truly a representation of my credit worthiness at the current time. I hope you will consider me for this loan, and I am willing to answer any questions. Thank you |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 27274 | Trying to clean up credit | D | $8,000 @ 26% | Jul 28, 2006 | Loan created |
| 267515 | Trying to clean up credit | D | $19,969 @ 9% | Jan 18, 2008 | Withdrawn |
| 267573 | Trying to clean up credit | D | $19,969 @ 9% | Jan 18, 2008 | Withdrawn |
| 267643 | Add addition to house for business purposes | D | $19,969 @ 17% | Jan 18, 2008 | Withdrawn |
| 274508 | (Relist) Add addition to house for business purposes | D | $19,000 @ 17% | Feb 01, 2008 | Expired |
| 278798 | (Relist) Add addition to house for business purposes | D | $15,000 @ 17% | Feb 12, 2008 | Withdrawn |
| 282341 | (Relist) Add addition to house for business purposes | D | $13,500 @ 17% | Feb 20, 2008 | Expired |
| 287743 | (Relist) Add addition to house for business purposes | D | $12,500 @ 17% | Mar 04, 2008 | Expired |
| 324705 | Settle outstanding collections accounts | D | $5,000 @ 9% | May 03, 2008 | Expired |
| 332070 | Re-List (sure thing) Settle outstanding collections accounts | D | $5,000 @ 9% | May 13, 2008 | Withdrawn |
| 335454 | Re-List (Tough Crowd) Payoff old debts | D | $9,000 @ 9% | May 20, 2008 | Expired |
| 340545 | Set up Home Office | D | $8,500 @ 17% | May 28, 2008 | Expired |
| 345739 | Set up Home Office | D | $8,500 @ 17% | Jun 06, 2008 | Withdrawn |
| 345743 | Set up Home Office | D | $5,000 @ 17% | Jun 06, 2008 | Expired |
| 357013 | Set up Home Office | D | $5,000 @ 17% | Jun 25, 2008 | Expired |
| 373857 | Set up Home Office | D | $6,000 @ 17% | Jul 27, 2008 | Loan created |
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