Buying a commuter scooter!!!
| Listing Information | |||
|---|---|---|---|
| Amount: | $8,000.00 | Status: | Expired |
| Grade: | B | DTI: | 10% |
| Lender Rate: | 17% | Borrower: | NuckaMan |
| Finished | State: | CA | |
| Funded: | 4% | Group: | (No Group) |
|
Purpose of loan: This loan will be used to? I have a 25-mile, one-way, commute from home to work everyday. And to off-set the rising gas prices, I have been riding my motorcycle to work on a regular basis (generally at least three-times, sometimes five, depending on responsibilities after work hours and weather). While my motorcycle has been a reliable and money saving alternative, the mileage is getting up there (approaching 40K, relatively high for a motorcycle), and performance has slightly decreased (due to the mileage). From the estimates I have received to get my motorcycle back in top-performance, it would be more cost effective to sell it or trade it in for another one?.that is what I have decided to do. But rather then buying another motorcycle, I decided on a scooter, but not a traditional scooter many of you maybe thinking of (and don?t laugh?I know some of you are). They are called maxi-scooters, which is basically an automatic motorcycle. Has all the power I need to safely navigate the highways, along with increased gas mileage, lower maintenance, much lower insurance premiums as insurance companies do not recognize them as full-blown motorcycles (they will eventually I would imagine) and they are easier to ride. My financial situation: I am a good candidate for this loan because? -Cannot jeopardize the work I have done to re-establish my credit rating. -I have re-established payment status of my student loan (the primary reason of my poor credit rating) for well over a year. -The only default collection account is for $969 with Midland Credit Management. This is stemming from an on-going bout with a large apartment management company called Arnel Management. We ended an apartment lease a few months early because of repeated negligence with complaints due to living conditions/repairs requests. This dispute has been going on since 2001. -I have lived in the same residence for the past 4.5 years (condo under my parents name, I pay the mortgage). -My monthly income-to-expense ratio is relatively low. -I have been gainfully employed in a stable industry for many years (Mechanical Engineer, Medical Device Manufacturing and Design). I only recently changed companies because of a better offer. -Much of the monthly expenses is shared with my fiance, who is also gainfully employed in another stable position (Public School teacher, w/tenure and advanced degree). Monthly net income: $ 4500 Monthly expenses: $ Housing: $ 1300 including HOA and property tax (shared with fiance) Insurance: $ 65 (auto only, health is free). Car expenses: Loan Payment: $371 (last payment Jan. ?09), Gas: $250 Utilities: $ 95 Phone, cable, internet: $ 85 Food, entertainment: $ 300 Clothing, household expenses $ 75-100 Credit cards and other loans: $ 150 Other expenses: $ 150 Closing Notes: I came across Prosper.com through various online and print articles (both successes and failures of Prosper lending/borrowing) over the past couple of years, and since it was time to apply for a new loan for myself, I have decided to try the Peer-2-Peer lending model first before applying for a traditional loan. Weather or not my loan gets fully funded, I hope to walk away with a positive experience and perhaps become a lender myself. My initial version of my bio was all inclusive and exceeded the 4000 character limit, so this is my condensed version. I have nothing to hide so please feel free to ask any questions or concerns about myself or my financial status (questions within reason, of course). All I ask is a loan at a fair interest rate for both parties and not expect anything unreasonable. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 396826 | Buying a alternate means for commuting | B | $4,500 @ 16% | Sep 11, 2008 | Loan created |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|