P2P Lending -- News, Information, Borrowing and Lending Strategy


New Loan Funded #6141 — $2,950 in 47 loans

A new loan funded this afternoon (Engagement Ring (Loan #6141) — $23,000 at 27%).  I participated via my standing order: Any DTI — AF.  Which is this loan was funded as any debt to income ratio and was an auto-funding loan.  The borrow had C credit and 16% DTI.

As a reminder my standing orders only find loans with 0 current delinquencies, 10 or less delinquencies in the last 7 years, and 2 or less public records in the last 10.

With this loan I have $2,950 across 47 loans with an weighted average interest rate of 15.85%.

Here is the credit of the borrower and the listing:
 New Loan Listing

For the readers that believe in reading the actual description without modification:

******Description*******

 I’m a simply a young man looking to get propose to my girlfriend of 3 years.  But I recently had a medical emergency which called for me to use a bulk of the money I have saved for my girlfriends engagement ring.  I am 33yrs old and I have a very stable career as wholesale account executive in the mortgage industry.  I’ve been in the industry about 5 years now and I really do enjoy what I do for a living.  My girlfriend also has a stable career as an educator.  She has been teaching sign language to deaf children for about 6 years (including her student work).  We are both college graduates.  I have my BA in Art and Design with a minor in business and my girl friend has her BA in Education and her Master’s in Special Education.Personally I have waited my whole life to find this one woman.  But due to my recent situation I am now short the cash to pay for her ring on the spot.  It goes without saying most people want cash for the diamonds.  That’s what has brought me here.  I undoubtly have the means to pay this loan off in a timely manner (I can supply 2005 W2’s).  The urgency for the money at this time is to propose over this winter break so that we will have time to plan a summer wedding.  Summer is really the only sensible time for her to get married being that she is a teacher and therefore it would not interfere with her teaching schedule.She is a beautiful woman that is very passionate about her work.  She deserves the best I can offer her.  Please take the above information into consideration when considering me for this loan.  And thank you in advance for your consideration.

******Description*******  

I think this is another fine example of a quality standing order borrower and interest rate.  What do you think?  


January 4, 2007 | Filed Under Loan Review, Prosper.com 

Useful Info:
Related Articles
Analyze a Loan Using Crystal Report and Data Export
Prosper Delinquencies Improving
Prosper.com Loan Listing Rates That WILL Get your Loan FUNDED
Auto-funding vs Non-auto-funding
Prosper Group RateLadder Update

← One Tip Prosper.com Borrowers Ignore That They Shouldn’t

Oh No! Another late loan… Review of late loan #2. →



comments

Leave a Reply




Prosper America's Leading Online Lending Marketplace

Financial Web - The Independent Financial Portal
Need a loan before payday? Trying hard to settle debt? Get back on track, learn all about consolidating your debt and find out where to get credit cards for bad credit.