2nd Prosper loan, new roof
| Listing Information | |||
|---|---|---|---|
| Amount: | $12,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 38% |
| Lender Rate: | 14% | Borrower: | Tiger6543 |
| Finished | State: | NY | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-05-02 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| May 02, 2008 | Current |
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2nd prosper loan paid back 1st already. Ok I'm going to explain my credit score lowering and rasie the rates. My score is lower because I was consolidating my CCs down to 1 so I could pay it down while paying this loan. I didn't relize it would effect my score so badly. I raised the rate to 18% from 14% because I can see how people would want to give money to a B rating with out more interest to take on the added risk. I however really am an A rating atleast and can't beleive I'm not AA with the way I've paid everything other then the one CC ( I know that I'm at 94% on the one but it is the only one of the 4 I have) . I was planning on going almost 2 years with the loan at 14% or lower but at 18% this will take first perference and should be paid off by next summer. Please bid on my loan again if you bid on it the first time. Thank you for bidding the first time Purpose of loan: I will use this loan to place a new roof on my house. It is a 2 unit so, I'll be able to write down part of it on my taxes next year. I have been investing in prosper for a year and 8 months now. I now have about $2800 invested into prosper. My financial situation: As you can see from my credit report I have paid everything back on time or early. My score is a little lower then I like because I keep switching CC to keep a 0% apr on them. ( usually I have to pay a transfer fee but that is it and its only once a year) My wife also works aloowing us to save a considerable amount in our 401k's (16% for me and 8% from her) Plus we are using sharebuilder to buy stocks and prosper as ways to save as well. I also bought my first house because it was a duplex and collect rent from it. Monthly net income: $ 6000- taxes and 401k's ~3725 Monthly expenses: $ Housing: $ 900 Insurance: $ 150 Car expenses: $ 250 Utilities: $ 150 Phone, cable, internet: $ 150 Food, entertainment: $ 500 Credit cards and other loans: $ 350 Other expenses: $ 450 Prosper: $ 410 total = $ 3310 so that will leave about $315 a month for other things that come up and to place into my saving's acount |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 170853 | Reinvest In Prosper | A | $3,000 @ 8% | Oct 23, 2007 | Loan created |
| 312548 | 2nd Prosper loan, new roof | B | $12,000 @ 14% | Apr 17, 2008 | Withdrawn |
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