3rd Prosper Loan - No lates
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,100.00 | Status: | Loan created |
| Grade: | A | DTI: | 0% |
| Lender Rate: | 10% | Borrower: | NYLG |
| Finished | State: | NY | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2009-11-19 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Nov 19, 2009 | Current |
| Jan 13, 2012 | Payoff in progress |
| Jan 19, 2012 | Paid |
|
Purpose of loan: I am interested in a loan to payoff credit card debt. DTI explained below. My financial situation: I HAVE HAD 2 PROSPER LOANS WITH ZERO LATES. I HAVE ZERO LATES ON ALL MY OUTSTANDING DEBT FOR THE PAST 14 YEARS. I am a branch manager for a mortgage bank. I am on track to make over $120k this year. I am in a 100% commissioned role and I have not received my quarterly bonus (which is the bulk of my income), so it will be hard to prove income until March. I have over $80k in 401k/IRA to guarantee this loan. My wife also has over $90k in her IRA. I understand the importance of credit through my work and I pay all my bills on time. My DTI may appear high, but my income doesn't include my wife's income (she makes over $75k per year) and we have many joint accounts. It also does not include $1600 rent that I receive on my rental. The large revolving debt is a home equity line of credit. My prosper payments will be automatically deducted from my checking account. I believe my credit rating dropped because of some high balances on credit cards, but all those baIances are at a low interest rate. I have an overdraft protection of $10k if my checking account is running low. Monthly net income: $ After taking out income taxes: $8250 Monthly expenses: $ Housing: $ 2900 Insurance: $ 100 Car expenses: $ 800 Utilities: $ 150 Phone, cable, internet: $ 150 Food, entertainment: $ 500 Clothing, household expenses $ 500 Credit cards and other loans: $ 1200 Other prosper loan: $350 Total monthly expenses $6300. This leaves me with a monthly cushion of $1600 monthly to pay prosper loan. (Remember, I also have my wife's income and rental income that I am not including here.) I have used credit and had car loans and credit cards since I was 20 in 1993. When I was 27 in 2000, I purchased my first home. I understand the importantance of good credit and have paid all my bills on time for the last 14 years. This loan will not be an exception. It will be paid back on time. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 174382 | Excellent Credit Bwr looking for money to invest | A | $12,000 @ 11% | Jul 23, 2007 | Loan created |
| 290859 | 2nd Prosper Loan - No lates | B | $3,100 @ 14% | Mar 09, 2008 | Loan created |
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