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?
Related Posts -
New Loan Funded — debt relief for kids — $6,000 at 18% — B Credit — DTI 64% A new loan funded (debt relief for kids â $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...... -
New Loan Funded — Too Much Business / Need to Expand — $9,500 at 20% — AA Credit — DTI 45% A new loan funded (Too Much Business / Need to Expand â $9,500 at 20%). I participated via a 2 standing orders (Low Amt Extreme DTI and Low Amt Any DTI) and a manual bid the loan was Autofunding. The borrower had AA credit and 45% DTI. As a reminder my standing orders...... -
New Loan Funded — Secure Borrower needs funds to complete rental houses — $25,000 at 12.00% — AA Credit — DTI 25% A new loan funded (Secure Borrower needs funds to complete rental houses â $25,000 at 12.00%). I participated via my standing order: Mid DTI â AF. Which is this loan was funded as a medium debt to income ratio and was an auto-funding loan. The borrow had AA credit and...... -
2 New Loans (Part 1/2) -- CCSJ Marketing Acquisition & Expansion -- $20,000 at 15.65% -- C Credit -- DTI 14% A new loan funded this afternoon (CCSJ Marketing Acquisition & Expansion  (Loan #6383) â $20,000 at 15.65%). I participated via my standing order: Low DTI -- AF. Which is this loan was funded as a low debt to income ratio and was an auto-funding loan. The borrow had C...... -
New Loan Funded — Finance for an ESTABLISHED Business — $25,000 at 24% — B Credit — DTI 1392557% A new loan funded (Finance for an ESTABLISHED Business â $25,000 at 24%). I participated via a manual bid the loan was Autofunding. The borrower had B credit and a 1392557% DTI (unverifiable income). As a reminder my standing orders (and manual bids) only find loans with 0 current delinquencies, 10 or less delinquencies......
Related Websites -
How Much Does $20 A Week Amount To Over Time? I know a lot of people think that they cannot afford to save money because they have too many bills or don't make enough money every week to actually put anything aside. But for those of you in this situation, I wanted to point out how even $20 a week...... -
Prosper Changes: What They Mean to Me and You I got an e-mail yesterday from Prosper's CEO Chris Larsen. I wasn't alone, I'm sure that at least every lender got one. As Prosper gears up for it's first birthday, they've found the need to make a few changes. Here I will outline them and what they mean. New Customer...... -
Revealing the Keys to Prosper Success Earlier this week, I defended the Prosper's business viability. I spent two posts rebutting the idea that it might not be a good investment. Just yesterday, I discussed the Prosper mistakes I've made. Today, I will share with you what I've learned. Hopefully 5 minutes from now you'll be...... -
Finovate Demos - Part 3 Here's another round of my notes from yesterday's Finovate demos. Since each company only got 5 minutes to show their stuff, my notes are short as well. I got to meet many of the companies afterward to get more detail. Expensr - I thought this might steal Best of Show....... -
Making the Decision a Second Mortgage by Steven S. Bayless First mortgages are obtained out when a home is first purchased, while second mortgages are taken out some time later, when the equity in the house has grown. Therefore, the purpose of the second mortgage is not to finance the purchase of the home. As a......
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