A new loan funded (Consolidating — $25,000 at 23.00%). I participated via my old standing order: High DTI — 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 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 $3,400 across 55 loans ($61.82 per loan) with an weighted average interest rate of 16.14% and an account value of $3,453.56. 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 am a professional who would like to consolidate debt, I sincerely appreciate the help.
Here is a graph of all loans on Prosper with C credit and a DTI of 39% +/-5% and Loan Amount $20,000 +/-$5,000:
| Number of Loans | Average Amount Borrowed | Weighted Average | Standard Deviation |
|---|---|---|---|
| 6 | $18939.83 | 19.76% | 2.06% |
21.82% equals weighted average plus 1 standard deviation . This is a great loan rate. I love standing orders.
What do you think?
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[...] Kevin at RateLadder has pulled off some really nice looking loans like those here and here. I haven’t even scratched the surface of what the site has to offer. I’ll be spending a lot more time there in the next few days. [...]
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