Investing in My Father-In-Law
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 32% |
| Lender Rate: | 11% | Borrower: | Iowa65 |
| Finished | State: | NV | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-07-02 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Jul 09, 2008 | Current |
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Purpose of loan: This loan will be used to? As the title said we will use the money to invest in my Wife's, Father. He was employeed as a middle man selling household Items to households in the area of the Philippines that he lives. He gets the items for a third less from Manila and then imports them to his home Island wher he has orders that pay three times what he has paid for them. He was working for a gentelman there that recently passed away and he now has the opportunity to take over the buisness. He would be the sole owner as well as the salesman. He already has seberal dozen people asking when he is going to start again My financial situation: I am a good candidate for this loan because? Both my wife and I work at Government Civil Service jobs. Myself with the State and my wife with the County. I have been working with the State now for 24+ years and have a stable reliable income. My Wihas worked for the County now for 21 months. Both of us are due COLA raises on July first. My Income covers all of our bills except for two. Which my wife pays for. Listed the following, My income: 4,000.00 Monthly Wifes Income :2060.00 Monthly Expenses: Mortgage 2142.00 PITI Her Car Payment 426.00 Power 125.00 DayCare 320.00 Gas 30.00 Food 200.00 Water 30.00 Wife's gas 150.00 (2005 Hyundai Accent) Trash/Sewage 25.00 Food (Family of 3)250.00 Wife's Total 1096.00 CC cards Total 520.00 Gas for my Car 150.00 (74' VW Beetle) Cable 90.00 Internet 40.00 Phone 30.00 Cell Phone 80.00 My Total 3512.00 Both Totals 4608.00 Will leave us after the payment to Prosper 1150.00 for discretionary funds. These figures are of course before both of us get our COLA's. As well the payment will come from our account that has the overdraft protection so the loan will not be late. I will answer any questions as I Loan money on prosper as well. Thank you for your Consideration. |
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