A new loan funded (Debt Consolidation and New Inventory — $5,000 at 22.5%). I participated via a standing order Low Amt (<15K) Any DTI (0-Any) AF (the loan was Autofunding). The borrower had C credit and 175% 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 $4,397.15 in principal across 67 loans ($65.63 per loan) with an weighted average interest rate of 17.33% and an account value of $4,773.25. Each loan on average is 1.4% of my portfolio with a maximum in any one loan being 4.1%.
Here is the listing:
For the readers that believe in reading the actual description without modification:
I an retireed with social security and have my own home based business. I represent a wellness company from Switzerland. The products are formulated in Switerzerland but made in the United Stated since 1980. I want to consolidate my credit cards and purchase new inventory. My debt ratio is high because some of the credit cards are in my name however my husband uses them and also pays them. My husband has a substantial income, plus social security, and we also get a monthly gas royality check from our 110 acre parcel (debt free)
I am strickly responsible for my business and it’s expenses. His income is over one hundred thousand a year and all other bills are paid by him. We own our home in Michigan and since he works in New York State we also own a motorhome which he lives in while working
Thank You for your consideration
Here is a graph of all loans on Prosper with C credit and a DTI of < 175% and Loan Amount $5,000 +/-$5,000 funded in the last 100 days:
| Number of Loans | Average Amount Borrowed | Weighted Average | Standard Deviation |
|---|---|---|---|
| 334 | $5,550.55 | 15.38% | 2.99% |
The weighted average plus 1 sigma is 18.37%. The weighted average plus 2 sigma is 21.36%. The weighted average plus 3 sigma is 24.35%. This loan is between 2 and 3 sigmas higher than the mean. I love standing orders.
Oh yeah. And they are a homeowner.
What do you think?
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2 comments ↓
The weighted average plus 2 sigma is 21.36%.
The weighted average plus 2 sigma is 24.35%.
This problem is showing up in a few of your posts.
Thanks… I fixed this one… I didn’t find any others on a quick look at recent reviews.
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