p2p lending at Prosper.com
schooling for my son 2nd Prosper loan
Homeownership Verified

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Listing Information
Amount: $5,000.00 Status: Expired
Grade: E DTI: 16%
Lender Rate: 35% Borrower: Bigdogjake
Time Left: Finished State: CA
Funded: 8% Group: (No Group)
Purpose of loan: My 9 year old son as needed a great deal of treatment over the past 2 years for Autism.  My wife and I have worked close with the Special Education Programs and Psychlolgist to place him in Speech, Launguage, Psychological  and Mental Health Programs.  After 4 years of working with schools in our district we had had to place him in a private school.  He have already reached a settlement agreement with the district.  Attorney fees and schooling have all come out of pocket till this point.  We should be reimbursed for costs within the next 2 months.  We just need to keep up with the schooling until that point. 
We hope to pay this loan off just as fast as the first one.  
I have an E credit rating with Prosper but just over 2 years ago bought a new home and at that time my score was 670.  We made a choice and paid and closed off most off our credit cards,  we did not know that they should have been left open.  The few cards that we have remaining are almost to the limit due to the fact the we had to put up a $5000.00 deposit for the Attorney.  After all is taken care of we will be able to pay outstanding medical bills on our credit report plus this loan. 

**** I just ran my credit report 6/10/2008 on True Credit and it list one past due amont.  I'm not sure how to change this information with Prosper but would be able to fax a copy if needed. ****

My financial situation: I have been on my job for over 8 years and my wife and I have worked every hard to control expenses.  We have an organized budget and live within it.  I am going to have Prosper automatically withdraw my payments each month. 

Monthly net income: $ 7600.00
My 401k and medical and vision are taken out of this amount
Monthly expenses: $ 4405.00
  Housing: $ 2500
  Insurance: $ 115.00
  Car expenses: $ 440.00 plus $300 in gas
  Utilities: $ 230.00
  Phone, cable, internet: $ 120.00
  Food, entertainment: $ 500.00
  Clothing, household expenses $ 200.00
  Credit cards and other loans: $ 300.00
  Cell phone: $ 100.00 added to school can reach us at any time
  Other expenses: $ 400.00 Medical co pays


Thank you again for viewing my listing.  Thanks again to all the lenders that have bid in the past listings.

Borrower's Other Listings
141750 Treatment for Autism/consolidating E $6,500 @ 24% May 23, 2007 Expired
145014 Autism Treatment /Consolidating Debt E $6,000 @ 29% May 31, 2007 Withdrawn
148328 Autism Treatment /Consolidating Debt E $6,000 @ 25% Jun 07, 2007 Loan created
331804 Attorny Fees and Private Schooling 2nd Prosper loan E $4,000 @ 29% May 13, 2008 Withdrawn
331849 Attorney Fees and Private Schooling 2nd Prosper loan E $4,000 @ 35% May 13, 2008 Expired
336170 Relisting Attorney Fees & schooling 2nd Prosper loan E $4,000 @ 35% May 20, 2008 Expired
340322 Relisting Attorney Fees & schooling 2nd Prosper loan E $3,000 @ 35% May 28, 2008 Withdrawn
340338 LAST RELISTING schooling 2nd Prosper loan E $3,000 @ 35% May 28, 2008 Expired
344212 78% funded last try schooling 2nd Prosper loan E $3,000 @ 35% Jun 04, 2008 Expired
348568 schooling for my son 2nd Prosper loan E $3,000 @ 35% Jun 11, 2008 Expired
381508 1st Prosper loan paid in 6 month (WILL PAY OFF FAST AGAIN) E $5,000 @ 35% Aug 12, 2008 Expired
385055 1st Prosper loan paid in 6 month (WILL PAY OFF FAST AGAIN) E $5,000 @ 35% Aug 19, 2008 Expired
389297 1st Prosper loan paid in 6 month (WILL PAY OFF FAST AGAIN) E $5,000 @ 35% Aug 27, 2008 Expired
397205 1st Prosper loan paid in 6 month / less $$ this time E $2,995 @ 35% Sep 12, 2008 Expired
407846 1st Prosper loan paid schooling for son with Autism E $1,500 @ 35% Oct 03, 2008 Open

 

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