Relisting - 2nd Prosper Loan - lower amount
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Withdrawn |
| Grade: | D | DTI: | 21% |
| Lender Rate: | 29% | Borrower: | filmer48 |
| Finished | State: | CA | |
| Funded: | 1% | Group: | (No Group) |
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Greetings Prosper Members, Again, what a wonderful idea & community here. This is a new listing for a second proper loan (lower amount). Thanks to the Prosper community I have retired over $12,000 in establisted debt. I'd like to thank all the Proper lenders who bid in my previous listing and established my loan, thank you in advance, if you choose to bid again here. Note: I have never missed a payment with Prosper or been late. Requested: $ 5,000.00 @ 20% (desired) About Me: Hi, my name is Wayne (pictured not the Golden!). I am self-employed and have been for over 22 years. Approximately 3 1/2 years ago I added media consulting to my business profession ? Video/New media producer - that doubled my income overnight. Prior to that time I had been involved with two media start-ups that I participated in financially as well as provided services for. As a result, I leveraged personal cash and debt financing (credit cards) to sustain these projects. The ventures were successful for outside investors (it made over 55% on their original investment), but left me with approximately $25K in debt. Due to unforeseen issues (family death), I had to choose between personal bankruptcy, and negotiating my debt. I chose the latter through Consumer Credit Counseling Service (CCCS ? now Money Management International, MMI). I have been with MMI now for over 4 yrs and have faithfully never missed a payment and in December 2007 repaid all of my consalidated debt. The purpose of my Prosper Loan: 1) Retire one High interest loan $5K . My income is now $7,500 - $8,000 per month. My expenses are $5,660 -- of which includes all personal and business related expenses. Currently, I have 2 open credit cards/revolving accounts use visa debit/bankcard primarily), and one SBA loan at $91.00 per month and a car payment of $447.00. Use of proceeds from Prosper Loan: 1) Prosper Lending Fee; 2) $5,000.00: to retire existing high interest debt; Income Monthly Gross/Net: $ 7,500.00 Monthly Expenses (before new Prosper Loan): Current Rent: $1,475.00 CashCall: $254.57 (to retire) Prosper 1st Loan: $578.00 WAMU CC: $100.00 Food: $400.00 Health Insurance: $257.00 Medical/prescriptions: $135.00 Car Payment: $447.00 Car Insurance: $109.00 Gas: $160.00 Phone/Cable: $175.00 (approx) Utilities: $92.00 Cell: $127.00 (approx) Business related expenses: $1350.00 Total: $5660.00 . Contingency 10%: $560.00 TOTAL: $6220.00 Available for personal & business: $1370.00 Conclusion: To summarize, by restructuring this debt I will lower my monthly debt payments - And w/Prosper (at 20%) i will reduce my monthly costs. With securing a loan with Prosper lenders this should, in the future, help improve my current Credit Experian Score of 600-630. I intend to repay the loan within 24 months. Thank you all! Happy New Year! ~ Wayne PS ~ If for any reason more information needs to be obtained or references, I would be happy to provide this. ThX! |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 81244 | Restructure Debt | E | $18,000 @ 25% | Jan 04, 2007 | Withdrawn |
| 81291 | Restructure Debt | E | $18,000 @ 25% | Jan 04, 2007 | Expired |
| 84324 | Relisting- Higher Interest - lower amount | D | $16,000 @ 18% | Jan 12, 2007 | Loan created |
| 270386 | Relisting- Higher Interest - for lower monthly amount | D | $10,000 @ 29% | Jan 23, 2008 | Withdrawn |
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