Reinvestment in Prosper
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 8% |
| Lender Rate: | 9% | Borrower: | NOVAduke |
| Finished | State: | DC | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-05-06 | EricsCC ROI: | 7% |
| Status History | |
|---|---|
| May 06, 2008 | Current |
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Purpose of loan: This loan
will be used to reinvest in Prosper. I currently am an active Prosper lender
and would like to better understand the borrowing side. In my current job, I model structured finance and collateralized loan obligations - my grasp of the economics and cash flows of this technology is well suited for this venture. It would be amazing if the secondary market for these loans was activated. My financial situation: I am a good candidate for this loan because I am not one to be late on payments and my ratio of monthly net income to expenses is very high. Additionally I have Prosper and other semi-liquid investments totaling more than 3x the loan amount. My current monthly income and expenses are: Revenue Salary: $3,760 Expected Salary Increases: I'm up for promotion in May, effective August '08 and the standard level increase is 15% with highest performance rating at a 25-30% increase. Non-Debt Service Expenses Rent: $1000 (including Utilities) Cable/Internet: $50 (split with my roommate) Transportation: $110 Gym Membership: $75 Food/Clothing/Entertainment: $1000 My revolving balance is Wtd. Avg. APR of 10% p.a. and I have one student loan of $16,000 capped at 2.375% p.a. Note: Previous listing removed as address info was not updated. My account is updated so the verification will be seamless. Thank you for your interest, you'll be receiving mine! |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 307273 | Reinvestment in Prosper | A | $3,000 @ 11% | Apr 10, 2008 | Withdrawn |
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