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:
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?
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