Loan for Newer, Bigger Mower

| Listing Information | |||
|---|---|---|---|
| Amount: | $4,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 17% |
| Lender Rate: | 8% | Borrower: | Wish142 |
| Finished | State: | IN | |
| Funded: | 100% | Group: | First Responders Network |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2008-06-04 | EricsCC ROI: | 7% |
| Status History | |
|---|---|
| Jun 05, 2008 | Current |
| Jun 28, 2008 | Payoff in progress |
| Jul 09, 2008 | Paid |
|
Purpose of loan: I am using this loan to upgrade mowers for my part time, on the side mowing business. I am a full time firefighter, and mow on the side, so I'm looking to speed things up so I have more time for my wife and baby, who's on the way. I have a large walk behind now, but with the accounts I have, I'm starting to loose my profit margin with gas prices. I'm going to buy a used commercial Exmark Zero Turn. This mower will help out a lot. If you have any questions, please ask. Thanks for talking a look and good luck bidding!~ My financial situation: I have great credit with no DQ's. My wife and I both have steady salaries and I'm a huge stickler on budgeting and making sure we are doing everything "right". We are Dave Ramsey fans, and I know he wouldn't approve going into debt to purchase a mower, but I need to do this now. By the time I saved up enough in cash it would be passed the season. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 256013 | Prosper Reinvestment | A | $1,000 @ 8% | Dec 28, 2007 | Loan created |
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