Frequent Prosper Investor
| Listing Information | |||
|---|---|---|---|
| Amount: | $2,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 6% |
| Lender Rate: | 14% | Borrower: | The_Phantom |
| Finished | State: | MN | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2011-09-08 | EricsCC ROI: | 13% |
| Status History | |
|---|---|
| Oct 08, 2011 | Current |
| Apr 08, 2012 | Payoff in progress |
| Apr 14, 2012 | Paid |
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As a frequent Prosper investor (since Sept 2009), I enjoy helping people access credit when other avenues are either difficult or closed. I believe that access to capital is one of the keys to unlocking entrepreneurship and opening doors to prosperity. After two years of investing in other Prosper users, I felt compelled to more fully understand the Prosper experience by taking out a loan myself. I am surprised at the interest rate offered. It was higher than I anticipated or expected. I have excellent credit and have never missed a payment in my life. The purpose of this loan is to help me more fully understand the Prosper experience and to hopefully reduce my future Prosper borrowing rate. This loan and additional Prosper loans will be re-invested in Prosper. To do this, I applied for the minimum loan amount ($2000) for the most common term length (3 years). This loan will be paid-off early. If you are looking to turn some quick cash, feel free to invest. |
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