Re-Post: Helping a friend out
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 23% |
| Lender Rate: | 20% | Borrower: | stylnguy95 |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-07-31 | EricsCC ROI: | 19% |
| Status History | |
|---|---|
| Jul 31, 2008 | Current |
|
Purpose of loan: Purpose of loan:The main purpose of the loan is to helpout a friend. My credit is excellent (747 with Experian) and his is terrible. So terrible he doesn't quality for an credit, even Prosper. I am looking to take out a loan which I will lend to my friend. I will retain responsibility for this loan and will make all the payments. I expect my friend to pay me back but either way, I will be repaying the loan back. Why would I do this for a friend? He is a hard working guy who is a victim of the house bust. He ran his own small construction company which went bust; he has a big truck he doesn't need, IRS bills and credit cards that were used to buy raw materials etc. With a loan from me and my financial knowledge he will be able to get back on the right track. My financial situation: I am a good candidate for this loan because I have a full time job that has a steady income, over $100k, and pay all my bills on time as you can tell from my credit score. I'm stable, own my home, have a graduate degree, and have no dependants. My friends expenses: Truck $2000 (owes more than its worth) Credit Card: $8000 IRS: $5000 With these bills lumped together I expect my friend to pay me back on a monthly basis with payments similar to the one he now makes on his truck. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 368690 | Helping a friend out | A | $15,000 @ 20% | Jul 17, 2008 | Withdrawn |
| 371512 | Re-Post: Helping a friend out | A | $15,000 @ 22% | Jul 22, 2008 | Withdrawn |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|