A new loan funded (Consolidate Personal Credit — $20,000 at 18.00%).  I participated via my standing order: Mid DTI — NAF.  Which is this loan was funded as a medium debt to income ratio and was an auto-funding loan.  The borrow had C credit and 22% 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 $3,350 across 54 loans ($62.04 per loan) with an weighted average interest rate of 16.03% and an account value of $3,445.31. Each loan on average is 1.8% of my portfolio. 

Here is the listing:

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

I started my phone company, Venture Communications, Inc. with my first wife’s teacher retirement benefits after she passed away in 1995. I have done very well for myself over the last 12 years, growing a company to National recognition, amassing real estate holdings, automobiles, inventory and a multi-million dollar company annually.

I am here at Prosper looking for a loan to consolidate all of my personal credit. Please note, this is ALL of my personal credit and includes a $10K account with Kawasaki for my Mule, shown above that I bought two years ago when we had our foreign exchange student, Luigi, living with us.

I love my family and my wife, Wendy and I have a new child, *name removed*, on the way through the adoption process and so I need to get my personal debt consolidated before his arrival, whenever that may be.

Thank you for your consideration of my note.  

Here is a graph of all loans on Prosper with C credit and a DTI of 22% +/-5% and Loan Amount $20,000 +/-$5,000:

Number of Loans	Average Amount Borrowed	Weighted Average	Standard Deviation
19	$18,296.16	19.07%	4.16%

19.07% weighted average, but it is within one standard deviation (14.91% at the bottom). This loan was funded with an old standing order, my new rate for this type of loan is: 18.41%.  I will not fund a loan like this in the future. 

What do you think?

 

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