Funding loans to fellow veterans
| Listing Information | |||
|---|---|---|---|
| Amount: | $2,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 16% |
| Lender Rate: | 9% | Borrower: | funds |
| Finished | State: | CO | |
| Funded: | 100% | Group: | Vets helping Vets |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2006-12-07 | EricsCC ROI: | 8% |
| Status History | |
|---|---|
| Dec 08, 2006 | Current |
| Oct 06, 2007 | Payoff in progress |
| Oct 12, 2007 | Paid |
|
Hi. My name is Dave and I am a veteran of the Navy. I served as a nuclear machinist's mate on the Theodore Roosevelt for four years. I am currently a field engineer working at power plants across the country. I found prosper.com through a Firefox extension called "Stumble Upon". I did some research, joined, and have experimentally bid on several loans and have 400 dollars invested so far. Now I am taking the next step: borrowing money taking advantage of my good credit rating, and using the money to fund loans for fellow veterans, assuming the increased risk personally. Several people that I served with were using food stamps to get by. Some would get payday loans from usurous lenders to get by to till the end of the month, paying exhorbitant fees. I would like to participate more in Prosper to help force payday lenders to lower their rates by competition. Thanks for viewing my listing. |
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