debt other
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,500.00 | Status: | Loan created |
| Grade: | B | DTI: | 4% |
| Lender Rate: | 15% | Borrower: | jrw1217 |
| Finished | State: | OH | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-07-17 | EricsCC ROI: | 13% |
| Status History | |
|---|---|
| Jul 16, 2008 | Current |
|
Purpose of loan: This is the second loan I am getting with Prosper. I paid the first one off early because I ended up not needing it for the purpose I got it for. As I checked out listings to possibly bid on as a lender, I noticed lenders do not like to be paid off early. I did not realize this. I may pay this loan off early, but not before it is a year old and will only do so if the interest rate I can get goes significant lower or if I need to get additional loans from Prosper, and having this one prohibits me from doing so. The interest rate would have to go significant lower since prosper charges a few for each loan. Again, I will not pay it off, or make significant additional payments on the loan, until it is a least a year old. My credit rating dropped by one grade since my last loan. However, I did make all my payments on time to my credit card, Prosper, and my mortgage during that time, plus I have less debt than I received a higher rating. I have a couple purposes for this loan. One is to pay off existing debt. I have the credit card shown above and a couple hundred dollars in doctor bills. I also am going to use some of it to fix up a property I own. The renters have gave their 30 day notice, and I am going to do some repairs before renting it out. Prior delinquencies are from a few years ago due to a divorce. I currently have good finances and I am working hard on improving my credit score. I would like to rebuild my portfolio of rental properties (I use to own more property before I got divorced) and know the only way to do so is to build an excellent credit history. I am going on vacation starting Thursday the 10th and may have trouble answering questions then. Most questions have to do with my job, which I will cover below, and my delinquencies, which were from over four years ago. My financial situation: I am a good candidate for this loan because I have very little debt and I have a strong desire to increase my credit score. I currently work as a manager in a retail establishment. The job I do requires a skill and I have been there over 13 years. I also work for a large tax preparation copy. I prepare taxes the first four months of the year. I am going to be working my 7th season with this company. Monthly net income: $ 3500.00 Monthly expenses: $ Housing: $ 450 Car expenses: $ 100 Utilities: $ 150.00 Food, entertainment: $300.00 Clothing, household expenses $ 100.00 Credit cards and other loans: $ 50.00 Other expenses: $ 800.00 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 216459 | new roof | A | $2,600 @ 9% | Oct 19, 2007 | Loan created |
| 317689 | debt other | B | $10,000 @ 15% | Apr 26, 2008 | Withdrawn |
| 338904 | debt other | B | $4,900 @ 15% | Jun 30, 2008 | Withdrawn |
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