Wedding Expenses
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 19% |
| Lender Rate: | 13% | Borrower: | Mahtma_Gandhi |
| Finished | State: | VA | |
| Funded: | 100% | Group: | RateLadder -- Borrowers Climb Down the Interest Rate Ladder |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-07-22 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Jul 19, 2008 | Current |
|
Lenders, Thank you for taking the time to review my listing. This loan is to help with my wedding expenses. I have been a lender for sometime now (Oct 2006). I had requested a loan earlier for $10,000 (final interest rate was 10.69%) in May 07 (Listing #131715) which I paid off in full. The previous loan was intended to reinvest in Prosper, however after careful consideration, I did not reinvest the total amount and paid the loan off earlier. For the new requested loan, I may make extra payments depending on my future cash flow but plan on keeping this loan atleast for 2 years (even longer depending on the final bid-down interest rate). Per Month: Salary: $3410.10 (after taxes and deductions, Gross = $62,000). Expected 10-15% raise per industry average/performance rating in Oct 08 (I am working at a Big 4 Accounting firm as a Senior Associate). Expenses per month: Rent : $1094 Groceries: $200 Misc (incl. entertainment): $300 Electricity + Heating: $100 Cable and Internet: $80 Car: $375 (total car loan amount is at 2.9%) Gas: Paid by employer Cell phone: Paid by employer Total: $2,149 ------------------------------------------- Left over: $1261 per month I am 28 years old having an MBA (Accounting) and a BEng (Computer-Electrical Engineering) and have completely paid off all student loans. I have a personal credit card balance of approx $4000 which is at 0% for the next 4 months, which I plan to pay off before the 0% expires. I also have approx $10,000 in my Retirement accounts (401K and Roth IRA) and approx $2000 in an online savings account (building emergency fund) which I contribute to every month. My savings account was higher but I used a portion of this for a ring for my fiance. I keep a close eye on my credit and will not default. I would do anything in my power not to ruin my credit history. Thanks again for your consideration. If you have any questions please feel free to contact me. Sincerely, Mahtma_Gandhi |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 118225 | Reinvesting in Prosper - No Credit issues at all ! | A | $10,000 @ 7% | Apr 02, 2007 | Expired |
| 124985 | Relisting with Lower Amount - No Credit Issues at all !! | A | $2,000 @ 7% | Apr 17, 2007 | Expired |
| 131715 | Ohio State Cap raised - Relisting | A | $10,000 @ 11% | May 02, 2007 | Loan created |
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