A new loan funded (To pay off high int. c.c. and invest in prosper!! — $2,500 at 15%). I participated via a standing order Low Amt (<15K) Low DTI (0-15%) AF (the loan was Autofunding). The borrower had B credit and 11% 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 $4,447.15 in principal across 68 loans ($65.40 per loan) with an weighted average interest rate of 17.30% and an account value of $4,774.91. 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:
Hello My name is Mark, Thank you for looking at my listing.
Unfortunately my previous listing didn’t get fully funded. that’s
why I am relisting it for another shot. Thank you for your time.Please any question that you have for me please ask, I know it is
hard to lend your hard earned money to a stranger. I have a good job
working on the Queensboro bridge in NYC, it pays all my monthly
expenses and leaves app. $200- $300 for savings. But because I am
getting married on Novenber 3 2007 I have to save most of it and that’s
why It’s taking me longer than it should to pay off this credit card bill.So instead of paying the C.C company all these int. and finance charges
why not pay it to you guys. Thanks for reading!! Please contact
Here is a graph of all loans on Prosper with B credit and a DTI of < 11% and Loan Amount $5,000 +/-$5,000 funded in the last 100 days:
| Number of Loans | Average Amount Borrowed | Weighted Average | Standard Deviation |
|---|---|---|---|
| 112 | $4987.94 | 11.27% | 1.86% |
The weighted average plus 1 sigma is 13.12%. The weighted average plus 2 sigma is 14.99%. The weighted average plus 3 sigma is 16.75%. This loan is between 2 and 3 sigmas higher than the mean. I love standing orders.
What do you think?
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