Helping a friend out
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Withdrawn |
| Grade: | A | DTI: | 23% |
| Lender Rate: | 20% | Borrower: | stylnguy95 |
| Finished | State: | CA | |
| Funded: | 14% | Group: | (No Group) |
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Purpose of loan: The main purpose of the loan is to helpout a friend. My credit is excellent and his is terrible. So terrible he doesn't even quality for an credit, even Prosper. I am willing to use my credit and financial knowledge to help him out, unfortunately I don't have the money to help him out. I am looking to take out a loan to consolidate his debts into one easy payment. He is a hard working guy who is a victim of the house bust. He ran his own small construction company; he has a big truck he doesn't need, IRS bills and credit cards that were used to buy raw materials etc. My financial situation: Why will this work for him? Three main reasons; 1) I am helping him budget, etc. 2) He has a steady, good paying job, 3) First thing we are going to do with the loan money is to get rid of his truck that he is underwater on. The estimated payment on this loan is roughly the same as the truck, with the truck payment gone my friend can easly afford this payment. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 371512 | Re-Post: Helping a friend out | A | $15,000 @ 22% | Jul 22, 2008 | Withdrawn |
| 371519 | Re-Post: Helping a friend out | A | $15,000 @ 20% | Jul 22, 2008 | Loan created |
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