Capitalizing the spread
| Listing Information | |||
|---|---|---|---|
| Amount: | $1,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 2% |
| Lender Rate: | 7% | Borrower: | TedErnst |
| Finished | State: | IL | |
| Funded: | 100% | Group: | lost in the FOOD CHAIN |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2006-03-31 | EricsCC ROI: | 7% |
| Status History | |
|---|---|
| Aug 30, 2006 | Paid |
| I have AA credit. Prosper is new and worth exploring. I'd like to receive this $1000 and immediately loan it out to borrowers with B credit and below, to profit on the spread. Lenders funding this loan will benefit by having reduced risk of my high credit rating. I have sufficient income to pay this loan back even in the case of defaults from the loans I will make with the money. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 20182 | Social Activist to Reinvest in Prosper and Promote Ourtopia | AA | $2,500 @ 7% | Jun 16, 2006 | Loan created |
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