Second Prosper Loan - Low DTI
| Listing Information | |||
|---|---|---|---|
| Amount: | $4,500.00 | Status: | Expired |
| Grade: | D | DTI: | 17% |
| Lender Rate: | 35% | Borrower: | zo1957 |
| Finished | State: | GA | |
| Funded: | 45% | Group: | Live Long & ------- |
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Thanks for viewing our listing. Purpose Of Loan: We currently have a Prosper Loan (over a year now), which has always been ontime and current and would like to request another so that we can get a delinquent amount from a previous medical expense completely off of our credit. Our credit rating has improved since the first loan from an "E" to a "D" and while a "D" is not great, it does show we are making progress. Our DTI has also dropped from 22% to 17%. We are a middle-class, conservative family, own our own home and are steadily working to re-build our credit and to eventually become Debt Free. Sounds strange coming from someone generating a listing to obtain a loan but, I would rather pay the investors using Prosper as an investment tool (even at a higher rate), than I would pay hospitals, credit card companies or other loan providers. Our Credit: Our credit took a hit a couple of years ago due to an extended illness but, we are getting back on track now and my wife has gone back to work full-time. We are steadily paying the bills we incurred due to the medical problems but they keep showing as delinquent on our credit until we get them completely paid off. We would like to replace them with a Prosper loan that will start off as current and will stay that way. We have another Prosper loan that has never been late and our repayment history with Prosper is, and will remain current. My Prosper Loan will pay the following : The $ 4,500.00 being requested, combined with approx $ 1,500 we currently have, will allow us to pay off approx $ 5,900.00 of the delinquent medical expense currently showing past due and negatively impacting our credit. Monthly net income: $ I recently celebrated my 30 year service anniversary with my company, so job stability is not a problem. I currently make a little over $ 100,000.00 per year and my net income each month (after taxes, ins. etc.)is approx $ 5,950.00. With the salary I make, am a little embarrassed to be in this position, however we want to get over the hump to continue to make progress. Monthly expenses: $ Housing: $ 2,513.00 Insurance: $ 400.00 Car expenses: $ 575.00 Utilities: $ 250.00 Phone, cable, internet: $ 160.00 Food, entertainment: $ 350.00 Clothing, household expenses $ 200.00 Credit cards and other loans: $ 450.00 Other expenses (including medical): $ 650.00 Total: 5548.00 This loan will reduce my monthly debt by approx $ 320.00 per month, so we will easily be able to absorb the approximately $ 210.00 monthly Prosper payment. This will allow us to be more aggressive in attacking our remaining debt and build an emergency fund so that we never get into this situation again. We will continue to make our Prosper loans a priority as we have in the past. We are now on a written budget, are working to pay off our debts, smallest to largest, and even though borrowing money is not the way to get out of debt, getting these medical bills off of our credit history will help us to improve our credit score and to eventually refinance our home mortgage. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 134563 | Want To Provide Safe, Supervised Place For Teenage Daughter | E | $9,600 @ 18% | May 08, 2007 | Withdrawn |
| 135028 | Home Addition & Safe Teenage Hang-Out | E | $9,600 @ 23% | May 09, 2007 | Expired |
| 147812 | Home Improvement & Safe Teenage Hang-Out | E | $9,600 @ 28% | Jun 06, 2007 | Withdrawn |
| 151977 | Consolidate High Interest Credit | E | $7,600 @ 28% | Jun 14, 2007 | Withdrawn |
| 153290 | Consolidate High Interest Credit | E | $6,200 @ 28% | Jun 16, 2007 | Withdrawn |
| 153384 | Consolidate High Interest Credit - Low DTI | E | $5,300 @ 27% | Jun 17, 2007 | Loan created |
| 264433 | Consolidate High Interest Credit - Low DTI | E | $9,700 @ 29% | Jan 14, 2008 | Withdrawn |
| 266901 | Second Prosper Loan - Paying Medical Expenses | E | $5,000 @ 29% | Jan 17, 2008 | Expired |
| 270122 | Second Prosper Loan - Low DTI | E | $4,500 @ 29% | Jan 23, 2008 | Expired |
| 272200 | Second Prosper Loan - Low DTI | E | $4,500 @ 35% | Jan 28, 2008 | Expired |
| 297707 | Second Prosper Loan - Low DTI | D | $5,900 @ 28% | Jul 21, 2008 | Expired |
| 374548 | Second Prosper Loan - Low DTI | D | $5,900 @ 32% | Jul 29, 2008 | Expired |
| 378487 | Second Prosper Loan - Low DTI | D | $4,900 @ 35% | Aug 06, 2008 | Expired |
| 384027 | Second Prosper Loan - Low DTI | D | $3,900 @ 35% | Aug 18, 2008 | Expired |
| 392900 | Second Prosper Loan - Low DTI | D | $4,500 @ 35% | Sep 08, 2008 | Expired |
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