A new loan funded (Blessings are coming – $10,000 at 26%).  I participated via a manual bid the loan was Autofunding.  The borrower had D credit and 84% 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 $4,597.15 in principal across 71 loans ($64.75 per loan) with an weighted average interest rate of 17.55% and an account value of $4,984.42. Each loan on average is 1.3% of my portfolio with a maximum in any one loan being 4.0%.

Here is the listing:

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

Purpose of loan:
I want to payoff Cash Call, which has a very high interest rate, Citibank (Mastercard), Wal Mart credit card, and my American ExpressMy financial situation: 
I am responsible in taking care of my financial obligations, but I over extended myself and I have gotten into a financial bind. 

My monthly budget:
Mortgage/rent: $1,000.00
Insurance: $
Car expenses: $200.00
Utilities: $
Phone, cable, internet: $
Food, entertainment: $40.00
Clothing, household expenses $20.00
Credit cards and other loan payments: $991.00
Other expenses:$120.00 (Weisfield)
—————————————
Total monthly expenses: $2,371.00

Here is a graph of all loans on Prosper with D credit and a DTI of < 84% and Loan Amount $10,000 +/-$5,000 funded in the last 100 days: 

Number of Loans	Average Amount Borrowed	Weighted Average	Standard Deviation
294	$8,206.39	19.89%	3.64%

The weighted average plus 1 sigma is 23.53%.  The weighted average plus 2 sigma is 27.17%. This loan is between the 1 and 2 sigma higher than the mean. 

What do you think?

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Loan Review, Prosper.com

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