We don't want to have to choose!
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 52% |
| Lender Rate: | 16% | Borrower: | jnz |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 1 month late | Origination Date: | 2006-11-15 | EricsCC ROI: | -6% |
| Status History | |
|---|---|
| Dec 05, 2006 | Current |
| Oct 30, 2008 | Late |
| Nov 16, 2008 | 1 month late |
|
Hi! Thanks for clicking on our listing! Our names are Lane and Jennifer and we are from Elk Grove, CA. (Just outside of Sacramento.) (Please see our profile for About Us information. It wouldn't all fit!) Our FICO scores are very good with no delinquencies, defaults etc. The number of accounts listed includes several inactive or zero balance accounts. Our debt to income ratio reflects our utilizing our credit lines (Ex. $31,000 convenience check @ 3.99% for the life of the loan) to purchase an investment property. The 5 inquiries within the last six months were for financing that property. Additionally, we have one investment property under contract with a late 2007 completion date and a refundable deposit on another investment property in Florida with a 2009 completion date. For these three investment properties, we have two partners that we share the risks and rewards with equally. After identifying a large gap in the market, we are rolling out our new business, Good To Go Concepts, in a focus group setting. Good To Go Concepts, is a preparedness course for real people. Unlike the many other courses, websites and informational material that is currently out in our world, this face to face course will be presented in a way that people will ?get it? and be compelled to incorporate the principal philosophies into their daily life. It is a simple, sustainable and inexpensive system to put in place. This course will be further supported with a blog, website and quarterly reminders. Lane?s work schedule (3 days off one week, 4 the next) enables him to remain employed in his current position and teach or facilitate courses on his days off. It will be marketed to city, county, state and federal agencies as well as businesses, both large and small. Courses will also be made available to the general public through adult education. There will be a select group of instructors to teach the course and future plans of a ?Train the Trainer? program and course licensing. We are well poised to continue with the Florida investment or Good To Go Concepts. Doing both would compromise the ?cushion? that we insist on keeping for our family?s financial security. Without additional short term funding, we would have to choose between our Florida investment (the other two properties are already planned and accounted for in all scenarios) and Good To Go Concepts. We would prefer not to have to choose between the two, as we believe them to both be great opportunities. If our loan is funded, we would proceed in putting the remainder of our 10% deposit on our Florida property, all of which is fully refundable up until going to hard contract in late December or January. We would also proceed in rolling out Good To Go Concepts. Most of the loan from Prosper.com would remain in our checking / savings account for that ?cushion? that I mentioned. If Good To Go Concepts is not meeting with the success that we are anticipating by contract time in Florida, we will not go to contract and will receive our deposit of $22,600 back. We would revisit Florida at another phase (At a higher price, which is the part that we?re trying to avoid!) when Good To Go Concepts has reached the level that we are comfortable with. We appreciate your consideration for funding. We are happy to provide further information and answer any questions that you may have. Thank you. Best to you! Lane and Jennifer |
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