New Loan Funded — Removing Remaining Debt — $25,000 at 22% — AA Credit — DTI 15%

A new loan funded (Removing Remaining Debt – $25,000 at 22%). I participated via my standing orders High Amt (>=15K) Low DTI (<15%) AF (Autofunding), High Amt (>=15K) Mid DTI (<25%) AF (Autofunding), High Amt (>=15K) High DTI (<40%) AF (Autofunding), and High Amt (>=15K) Extreme DTI (<70%) AF (Autofunding). The borrower had AA credit, a 15% 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 the last 7 years, and 2 or less public records in the last 10.

With this loan I have $5,497.15 in principal across 85 loans ($64.67 per loan) with an weighted average interest rate of 17.77% and an account value of $5,498.64. Each loan on average is 1.2% of my portfolio with a maximum in any one loan being 3.6%.

Here is the listing:

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

Purpose of loan:
I have a very high interest card that I want to pay-down as soon as possible.
My financial situation:
My credit is excellent and income is decent , but would like to remove this debt from my balance sheet. I am waiting for funds in the next few months, but would like to remove the debt prior to being paid to avoid the higher interest.
My monthly
budget:
Mortgage/rent: $5,000
Insurance: $1500
Car expenses: $0 business pays
Utilities: $250
Phone, cable, internet: $250
Food, entertainment: $500
Clothing, household expenses $500
Credit cards and other loan payments: $2500
Other expenses: $500
—————————————
Total monthly expenses: $11,000
My income is over $20,000 per-month

Here is a graph of all loans on Prosper with AA credit and a DTI of < 15% and Loan Amount $20,000 +/-$5,000 funded in the last 100 days:

Number of Loans	Average Amount Borrowed	Weighted Average	Standard Deviation
59	$20,879.66	10.78%	1.9%

The weighted average plus 1 sigma is 12.68%. The weighted average plus 2 sigma is 14.58%. The weighted average plus 3 sigma is 16.48%. The weighted average plus 4 sigma is 18.38%. The weighted average plus 5 sigma is 20.28%. The weighted average plus 6 sigma is 22.18%. This loan is between 5 and 6 sigma higher than the mean. I statistical aberration. I love standing orders.

What do you think?

3 Comments | April 30, 2007 | Filed Under Loan Review, Prosper.com | 3 Comments

New Loan Funded — debt relief for kids — $6,000 at 18% — B Credit — DTI 64%

A new loan funded (debt relief for kids – $19,500 at 14.34%). I participated via my standing order RL Overlooked. The borrower had B credit, a 64% DTI, and is a homeowner. This was a non autofunding loan. As a reminder my standing orders (and manual bids) 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 $5,147.15 in principal across 81 loans ($63.55 per loan) with an weighted average interest rate of 17.57% and an account value of $5,417.09. Each loan on average is 1.2% of my portfolio with a maximum in any one loan being 3.6%.

Here is the listing:

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

Purpose of loan: i’m actually asking for this loan to get my children out of a little debt.i got fully funded for a listing before and i was confused about the process so i didnt go through with it. now i would like to try again and get some relief for my kids.My financial situation:
financially i’m fine. i can afford around 300-400 amonth on a loan and still be comfortable.My monthly budget:
Mortgage/rent: $650
Insurance: $included in house note
Car expenses: $350
Utilities: $250
Phone, cable, internet: $50
Food, entertainment: $daughter pays for that
Clothing, household expenses $0
Credit cards and other loan payments: $lets say 500-700
Other expenses: $200
—————————————
Total monthly expenses: $2200

Here is a graph of all loans on Prosper with B credit and a DTI of < 64% and Loan Amount $6,000 +/-$5,000 funded in the last 100 days:

Number of Loans	Average Amount Borrowed	Weighted Average	Standard Deviation
263	$5,913.95	12.56%	2.57%

The weighted average plus 1 sigma is 15.13%. The weighted average plus 2 sigma is 17.7%. The weighted average plus 3 sigma is 20.27%. This loan is between 2 and 3 sigma higher than the mean. I love standing orders. The new RL overlooked standing order is showing potential.

What do you think?

No Comments | April 29, 2007 | Filed Under Loan Review, Prosper.com | Leave a Comment

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 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.

Here is the listing:

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

Purpose of loan:
Reinvest in prosper

My financial situation:
Repayment is not an issue, and I would never jeopardize my good credit to help other people. On the other hand I do want to help but don’t want to use my own principle. this way I can budget a monthly amount to put away and help others at the same time. Pretty ingenius I think. Not to mention the stock market is downright boring right now. So if you want a good loan with my guarantee that there will never be a late payment, you can do your part by bidding down the interest rate. Thanks in advance.

My monthly budget:
I have an estate that pays all living expenses.
I also have a real estate development company and am partner in a electrical contracting company.

Here is a graph of all loans on Prosper with AA credit and a DTI of < 59% and Loan Amount $19,500 +/-$5,000 funded in the last 100 days:

Number of Loans	Average Amount Borrowed	Weighted Average	Standard Deviation
48	$17,679.17	11.24%	2.68%

The weighted average plus 1 sigma is 13.92%. The weighted average plus 2 sigma is 16.6%. This loan is between 1 and 2 sigma higher than the mean. I love standing orders. The new RL overlooked standing order is showing potential.

What do you think?

No Comments | April 28, 2007 | Filed Under Loan Review, Prosper.com | Leave a Comment

New Loan Funded — Buy a Jetta! — $6,001 at 23% — D Credit — DTI 9%

A new loan funded (Buy a Jetta! – $6,001 at 23%). I participated via my standing orders Low Amt (<15K) Low DTI (<15%) AF (Autofunding). The borrower had D credit, a 9% 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 years, and 2 or less public records in the last 10.

With this loan I have $5,047.15 in principal across 79 loans ($63.89 per loan) with an weighted average interest rate of 17.59% and an account value of $5,387.82. Each loan on average is 1.2% of my portfolio with a maximum in any one loan being 3.7%.

Here is the listing:

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

Purpose of loan: Buy a 2004 Jetta from an acquaitance. It’s a steal and my car is on it’s last legs.

My financial situation:
I have no outstanding debt. Just living down past blemishes until 06/2008. I pay no rent because I have an arrangement to work as super/handyman/etc. in a relatives 5-unit rental property …I have the efficiency unit upstairs. I only pay utilites. My salary is 33,500 which is paid out semi-monthly twice a month…netting about $990 each pay or $1980 monthly. My living situation will cease around 06/2008 since my prospects will be brighter and I’ll pay about $300 per month in rent.

My monthly budget:
Mortgage/rent: $0 will increase to $300 after 07/2008
Insurance: $40
Car expenses: $40
Utilities: $35
Phone, cable, internet: $100
Food, entertainment: $200
Clothing, household expenses $50
Credit cards and other loan payments: $0 (card is just to increase credit score..I pay before 30 day grace period)
                                                        $220+ after prosper loan
Other expenses: $40
—————————————
Total monthly expenses: $520
Prosper Loan                 $220+
Monthly Pay                 $1980
Monthly Savings           $1240 or less

Here is a graph of all loans on Prosper with D credit and a DTI of < 9% and Loan Amount $6,001 +/-$5,000 funded in the last 100 days:

Number of Loans	Average Amount Borrowed	Weighted Average	Standard Deviation
246	$5,159.35	18.32%	3.31%

The weighted average plus 1 sigma is 21.63%. The weighted average plus 2 sigma is 24.94%. This loan is between 1 and 2 sigma higher than the mean. I love standing orders.

What do you think?

No Comments | April 28, 2007 | Filed Under Loan Review, Prosper.com | Leave a Comment