Raising my Credit Score
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|Loan Status:||Current||Origination Date:||2010-10-07||EricsCC ROI:||8%|
|Oct 13, 2010||Current|
Purpose of loan:
This loan will be used to raise my credit score! Other than the couple credit cards I currently use, I do not have any other loans showing on my FICA credit report so I want to mix it up a little bit and show that I'm responsible in all the loans I take out! I'm hoping this will raise my credit rating over the 3 years which in return will give me a little better rate when I'm in the market for a house or a loan for a business! With the $3000 I will most likely invest about $2000 back into Prosper and use the other $1000 for everyday purchases or keep it in savings account until I find a better investment for it . I've never been late on a payment in my life, nor do I spend more then I can afford so you can guarantee payment each and every month for the length of the loan! In a nutshell, you can say I'm a "perfectionist", and am looking to make credit as perfect as it can be!
My financial situation:
I am a good candidate for this loan because I really don't need this loan as I have well over $20k in stocks, $5k on hand, and over $50k in other liquid investments including a restaurant! In addition to a family business I work for, I have been employed at a Fortune 500 company for the last four and half years working part-time mostly for the benefits. I have been a proud lender on Prosper for the last three years and still currently have about $500 invested in Prosper!
Monthly net income: $ 2500
Monthly expenses: $ 500...I really don't have any major expenses other then food,gas, and entertainment, as I still live with my parents and everything else is paid off!
So as you can see, I really don't need this loan as I'm very financially stable,never missed a payment, and don't have any major expenses, but I am very very eager to raise the "B" credit score.
If there is anything else you want to know please don't hesitate to ask! Thank You for visiting and Good Luck!
|Borrower's Other Listings|
|475903||Reinvesting back in Prosper||D||$5,000 @ 23%||Sep 17, 2010||Withdrawn|
|507020||My personal loan for my business||E||$4,500 @ 31%||May 22, 2011||Loan created|