TRYING PROSPER BORROWING
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 39% |
| Lender Rate: | 10% | Borrower: | Rugby10 |
| Finished | State: | VA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-02-12 | EricsCC ROI: | 9% |
| Status History | |
|---|---|
| Feb 15, 2007 | Current |
| Jun 16, 2007 | Payoff in progress |
| Jun 22, 2007 | Paid |
|
I have made several loans on Prosper and I wanted to get a better feel for the total Prosper experience. I thought I would try out the borrowing side. The proceeds from this loan will be used to make loans to other Prosper borrowers. This is my third try. Third time's a charm--right?! This has definitely been a learning experience. For this listing I have increased my rate from 9% to 11%. My DTI ratio is inflated as it does not indicate additional income that I derive from (1) the sale of timber from my heavily wooded property (200+ acres with some pictures included) ~$35,000 last year; (2) rental income ~$15,000; as well as (3) income from my stock portfolio (all reinvested). If this income was included my DTI would be less than 24%. My rating of 'AA' reflects my excellent credit history with no negative records. I do not intend to decrease my credit score with (or without) this loan anytime soon. It is something I am very proud to have. Thank you for your consideration. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 82126 | Prosper Investment | AA | $4,999 @ 8% | Jan 06, 2007 | Withdrawn |
| 84833 | TRYING OUT THE LENDING SIDE OF PROSPER | AA | $5,000 @ 9% | Jan 14, 2007 | Expired |
|
Discussion For This Listing
|
||||
|---|---|---|---|---|
|