p2p lending at lending club
Money to fund Garage Construction

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Listing Information
Amount: $10,000.00 Status: Withdrawn
Grade: B DTI: 37%
Lender Rate: 18% Borrower: bigmo
Time Left: Finished State: MI
Funded: 21% Group: (No Group)
   I am requesting this loan because I have just purchased a house and as part of the mortgage we are going to build a garage.  The mortgage company will not release the funds for the garage until it is completed and my contractor, whom I've grown up with requires half down and half at the end of work.  So I am requesting a loan so I can pay my contractor to get work started and it will be repaid when construction is completed.  I work at a local appliance store delivering appliances as well as in sales.  I work 40+ hours a week and bring in minimum of $2,000/month and more depending on overtime.  My sister and brother-in-law are paying my mortgage and the utilities because they live with me and their credit wouldn't allow them to purchase a house.   I already have a Prosper loan and as you can see I am already a year ahead on payments.  Also my credit card balance is paid in full every month but still shows up in my revolving credit.  Thanks so much

Monthly Income    
Income                 2000
Rent Income         785

Monthly Expenses
Rent                      0
Utilities                  0
Car Insurance         175
Groceries               0
Gas                      150
Cell                       50
Prosper Payment   335
Mortgage               785


Total Bills               1495

Disposable Income  1280

Prosper Loan @ 18%
                            -365
Disposable Income After Prosper Loan
                            915


As you can see I haven't been delinquent once, and I will keep it that way!

Feel free to ask whatever questions you have! Thanks for your time and money!
         
Borrower's Other Listings
102663 Help me get my BIKE A $6,500 @ 10% Feb 22, 2007 Withdrawn
197379 Re-invest in Prosper Create loan history B $1,025 @ 9% Sep 04, 2007 Loan created
226532 Investment in property A $10,100 @ 12% Nov 05, 2007 Loan created

 

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