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?
Related Posts -
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...... -
New Loan Funded — Blessings are coming — $10,000 at 26% — D Credit — DTI 84% A new loan funded (Blessings are coming â $10,000 at 26%). I participated via a manual bid the loan was Autofunding. The borrower had D credit and 84% DTI and is a homeowner. As a reminder my standing orders (and manual bids) only find loans with 0 current delinquencies, 10 or less delinquencies in...... -
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 â $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...... -
New Loan Funded — Consolidating — $25,000 at 23.00% — C Credit — DTI 39% A new loan funded (Consolidating â $25,000 at 23.00%). I participated via my old standing order: High DTI â AF. Which is this loan was funded as a high debt to income ratio and was an auto-funding loan. The borrow had C credit and 39% DTI. As a reminder my...... -
New Loan Funded — Financial Freedom / Credit Card Consolidation — $25,000 at 11.44% — AA Credit — DTI 37% A new loan funded (Financial Freedom / Credit Card Consolidation â $25,000 at 11.44%). I participated via my standing order RL Overlooked. The borrower had AA credit, a 37% DTI. As a reminder my standing orders (and manual bids) only find loans with 0 current delinquencies, 10 or less delinquencies in the last 7......
Related Websites - Apathetic Debtor The following guest post is from Neal Frankle of Wealth Pilgrim. Wealth Pilgrim is on my short list of daily reads. After reading the post, head over to Neal’s site and sign up to receive his posts. Several weeks ago a young couple visited my office. Their situation wasn’t all......
- Are Debit Cards Evil, Too? This post is from GRS Staff Writer Adam Baker. In addition to writing for Get Rich Slowly, Baker blogs over at Man vs. Debt, where he often discusses traveling and the cost of living abroad. A couple weeks ago, the New York Times featured an article entitled “Overspending on Debit......
-
How to Go Into Debt to Get Out of Debt This really sounds like the ultimate oxymoron, but one of the best ways to get out of debt is to go a little bit further in. What’s that? First, to help this make more sense, let’s clarify – if you need to get out of bad debt, going into good...... - What I Should Do With My Windfall Regular readers know that I'm a big proponent of credit cards. I love them. The credit card companies don't love me though. They don't make any money off of me. Last year, I signed up for the Chase Freedom Rewards card because they offer cash back on every purchase you......
-
Holiday Harbor, Lake Shasta Holiday Harbor is located on Lake Shasta Phone: 530.238.2383 Average Water Depth: The marina did not have a current report and this can change with the weather. Please call ahead for lake levels before you arrive. Is there a marine standby channel? No, not at this time. Is there a......
- Credit, Charge Cards Trading Cards Collectibles
- Standing Liberty 1916-30 Quarters Coins US Coins Paper Money
- Chevron Standard Oil Gas Oil Companies Gas Oil Advertising Collectibles
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