Invest in Prosper
| Listing Information | |||
|---|---|---|---|
| Amount: | $2,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 13% |
| Lender Rate: | 8% | Borrower: | BAEVentures |
| Finished | State: | IL | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-08-01 | EricsCC ROI: | 7% |
| Status History | |
|---|---|
| Jul 31, 2008 | Current |
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First, I would like to offer my apologies to anyone who bid on my previous listing. I did some thinking and crunched the numbers a bit more and decided to change my listing to a smaller sum. This loan will be used to invest back in Prosper. I had previously listed that I thought I could achieve 18% with the system I had come up with. While the reality is I could achieve 18% returns, it would take me 9 months to invest all the capital I was requesting in a broad enough spectrum to get there. Instead, I am requesting a smaller amount and looking to invest the majority of it in the first 30 days ($1,500). I should be able to achieve 15% on this initial $1,500. The remaining $500 will be invested over a longer period of time looking to maximize my return. I am a good candidate for this loan because I have a steady job. I work full time as a consultant/contractor for a very large telecommunications company. My consulting firm has a 15 year history with them. The recent inquiries on my credit report were all due to the purchase of mine and my wifes first home. Purchase price of $235,000 and we put $47,000 down. The standing credit balance it says I am revolving is not entirely accurate. This is the credit balance that bounces around on my personal card that I use for company expenses (free miles yay). It is paid off more or less in full every two weeks when I get paid. I do not use my CC for any personal purchases. Monthly Net Income - $4,500 Monthly Expenses - $2,760 Housing: $ 1500.00 (including taxes) Insurance: $ 175.00 Car expenses: $410 Utilities: $ 175.00 Phone, cable, internet: $100.00 Food, entertainment: $ 300.00 Clothing, household expenses $ 100.00 Once again, sorry for wasting anyone's time with my initial listing if you were bidding manually. P.S. I was going to take out a small sum from my first loan to install hardwood floors in the den of my new house. I fell into a little bit of extra cash earlier this week (online poker player, profittable for the last 5 years) via a first place finish on a tournament of 1,500 players and will use that money instead to finance my floors. Let me know if you have any questions. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 365939 | Invest in Prosper - Minor Home Improvement | A | $7,000 @ 11% | Jul 11, 2008 | Withdrawn |
| 369361 | Invest in Prosper - Minor Home Improvement | A | $2,000 @ 10% | Jul 17, 2008 | Withdrawn |
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