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?
Related Posts - Prosper Blenders On Prosper an individual that is both a borrower and a lender has been given the nickname blender. Back in Febuary I wrote about blenders that were late on their borrower loan: Please Close Major Loophole for Deadbeat Lender/Group Leaders. It seems that after a week or so of the......
-
New Loan Funded — Try this one more time, group leader, wantabe borrower — $19,500 at 14.34% — AA Credit — DTI 59% A new loan funded (Try this one more time, group leader, wantabe borrower – $19,500 at 14.34%). I participated via my standing order RL Overlooked. The borrower had AA credit, a 59% DTI, and is a homeowner. This was a non autofunding loan. As a reminder my standing orders (and manual bids) only...... -
New Loan Funded — payoff current loan and new invest on business — $25,000 at 29.00% — E Credit — DTI 37% My very first E credit loan... A new loan funded (payoff current loan and new invest on business — $25,000 at 29.00%). I participated via a manual bid (lured by the excellent extended credit and interest rate?). The borrow had E credit and 37% DTI. As a reminder my standing orders only...... - Capacity is Not a Problem with Prosper.com -- Invest 10K in 1.5 Months on Nothing but Great Loans. I have often wondered if the large lenders have any capacity problems. That is, do they ever find it hard to find loans. I asked pensioner that very question at Prosper Days and his response was, "I moved $750,000 into Prosper in a month and a half, so I would......
- November Prosper Marketplace Survey Released Prosper released the November marketplace survey and coresponding comentary from Chris Larsen... I particularly like the insight in the last paragraph... Of great interest is the anecdotal evidence of prime and near prime borrowers turning to Prosper for loans that would have historically been steered toward mortgage, auto, and home......
Related Websites - Ten Steps to Control Your Finances: Steps 9 & 10 Last time, we looked into maxing out our retirement funds and buying a house Now, we've reached the end of financial journey together, and it's time to cover a few last steps. I hope you're in a charitable mood, cause that's our next step. Step 9: Donate To Charity (If......
-
CD Ladder Explained The recent stock market decline probably makes more than a few people realize that it's wise to have a balance of growth and income investments as part of any portfolio. One of these income investments is Certificates of Deposit. It's widely accessible and relatively simple in a sense that more...... -
Should I Borrow From My 401k Plan? A friend at work is thinking about borrowing from his 401k plan to fund his business start-up. He mentioned it to me and I told him that it's a terrible idea to borrow from 401k. It may sound appealing at first -- i.e., fast loan application, easy to qualify, and...... - The Greatest Economic Stimulus Plan Ever! This is really the best Stimulus Plan that I have seen, I do not agree with everything in here 100% but it is much better than the Tax and Spending that Reid, Pelosi and Obama want. Giving the next generation a ton of debt will not help us out in......
-
Five Reasons Lending Club Beats Credit Cards When Funding a Small Business With the current credit crunch, raising capital to start or expand a small business can be a real challenge. The bitter irony is that while interest rates are at historic lows, access to funding sources has all but dried up. As a result, many small companies have turned to business......
Categories:
Loan Review, Prosper.com
Tags:
0 comments ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment