Buying Out Partner
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | E | DTI: | 10% |
| Lender Rate: | 26% | Borrower: | bigsteve |
| Finished | State: | CA | |
| Funded: | 100% | Group: | Large Money Loans for AA,A,B,C & D Credits |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 4+ months late | Origination Date: | 2007-02-22 | EricsCC ROI: | -33% |
| Status History | |
|---|---|
| Feb 21, 2007 | Current |
| Nov 07, 2007 | Late |
| Nov 23, 2007 | 1 month late |
| Nov 27, 2007 | Current |
| Dec 07, 2007 | Late |
| Dec 13, 2007 | Current |
| Jan 08, 2008 | Late |
| Jan 23, 2008 | 1 month late |
| Feb 23, 2008 | 2 months late |
| Mar 23, 2008 | 3 months late |
| Apr 23, 2008 | 4+ months late |
|
Hello; I would like to first of all thank you for considering my loan request. I am looking for $10,000 to buy out my ex-girlfriend of 5 years. Her and I started a small multi leval marketing business that we each put in $15,000 to get it started. Since we are not seeing each other any longer I promised to give her back her initial investment. I had a listing on here a few days ago for $15,000 but have since lowered the request to $10,000 because I have raised the other $5,000 on my own. I have also upped the interest rate to a higher amount. I want to prove my good credit worthiness to the people at prosper. I have not missed any payments on credit cards or obligations in over 5 years but still have a lower than average credit score because of high balances on credit cards. I also have one collection account for a hospital bill that I honestly thought was to be paid for by my insurance (Principal Life). Lord knows I pay a high enough premium. The multi leval business brings in about $660 a month which would be plenty to pay the monthly obligation that this loan would create. I plan on paying this back within the first year of the contract. I have been in the real estate business for over 25 years and have lived in the same home since 1991. I have a lot of stability and know that this obligation would be no problem in paying back in a timely manner. My Monthly Income averages $12,500 and monthly expenses are listed below; House payment $1520 Gas/Electric $90 Cable $105 Phone $35 Internet $55 Credit Cards(6) of them $2000 I use them for business also Toyota Motor Credit $1095 0% for 3 years Life insurance $1185 Cell Phone (Sprint) $225 Car Insurance $45 Gasoline averages $250 Health Club $80 Again, Thanks for the opportunity Steve |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 59190 | Consolidate Debt | HR | $7,500 @ 18% | Nov 09, 2006 | Withdrawn |
| 59665 | Need to pay medical bills and consolidate | HR | $4,000 @ 25% | Nov 09, 2006 | Withdrawn |
| 90379 | Buy out my partner | E | $15,000 @ 21% | Jan 29, 2007 | Expired |
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