Short-Term Investing

| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | E | DTI: | 30% |
| Lender Rate: | 29% | Borrower: | Accountant_78 |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Default | Origination Date: | 2006-11-20 | EricsCC ROI: | -42% |
| Status History | |
|---|---|
| Dec 05, 2006 | Current |
| May 05, 2007 | Late |
| May 18, 2007 | Current |
| Jul 05, 2007 | Late |
| Jul 21, 2007 | 1 month late |
| Aug 21, 2007 | 2 months late |
| Aug 28, 2007 | Late |
| Aug 29, 2007 | 1 month late |
| Sep 01, 2007 | 2 months late |
| Sep 11, 2007 | 1 month late |
| Sep 21, 2007 | 2 months late |
| Oct 09, 2007 | 1 month late |
| Oct 11, 2007 | 2 months late |
| Oct 21, 2007 | 3 months late |
| Nov 23, 2007 | 4+ months late |
| Feb 18, 2008 | Default |
| Mar 06, 2008 | Repurchased |
| Jun 10, 2008 | Default |
|
This loan will primarily be invested in my e-trade account for several short-term stock transactions. As a fully employed accountant who also owns a small income producing tax and accounting business and military disability pay, I have a positive cash flow of $1800 a month that I would be able to use to pay this loan if my investment does not work out, although I am a degreed accountant who has extensive investment knowledge. Bottom line is I wouldn't take such a high interest loan unless I anticipated a positive NPV. Although my credit rating is low, please notice that I have not had any late payments in over 3 years as well as no lates ever on my mortgage or car notes. Thank you for your time and consideration in funding this loan. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 61984 | Short-Term Stcok Trading | E | $10,000 @ 29% | Nov 14, 2006 | Withdrawn |
| 61985 | Short-Term Stock Trading | E | $12,000 @ 29% | Nov 14, 2006 | Withdrawn |
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Discussion For This Listing
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