A new loan funded (Paying – Bills – $15,000 at 15%). I participated via my standing order High Amt(>=15K) — Low DTI (<15%) -- AF (Autofunding). The borrower had A credit, a 13% 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 $4,747.15 in principal across 74 loans ($64.15 per loan) with an weighted average interest rate of 17.63% and an account value of $5,227.24. Each loan on average is 1.2% of my portfolio with a maximum in any one loan being 3.8%.
Here is the listing:
For the readers that believe in reading the actual description without modification (opps the borrower left the default description):
Purpose of loan:
(explain what you will be using this loan for)My financial situation:
(explain why you are a good candidate for paying back this loan)My monthly budget:
Mortgage/rent: $
Insurance: $
Car expenses: $
Utilities: $
Phone, cable, internet: $
Food, entertainment: $
Clothing, household expenses $
Credit cards and other loan payments: $
Other expenses: $
—————————————
Total monthly expenses: $
Here is a graph of all loans on Prosper with A credit and a DTI of < 13% and Loan Amount $15,000 +/-$5,000 funded in the last 100 days:
| Number of Loans | Average Amount Borrowed | Weighted Average | Standard Deviation |
|---|---|---|---|
| 37 | $13,012.22 | 11.32% | 2.39% |
The weighted average plus 1 sigma is 13.71%. The weighted average plus 2 sigma is 16.1%. This loan is between the 1 sigma and 2 sigma higher than the mean. I love standing orders.
What do you think?
Related Posts -
RateLadder Requests Prosper Loan I am requesting a Prosper Loan. I am a AA, homeowner, verified bank account, Prosper lender with an 11K+ lending portfolio. This is my 1st foray into borrowing on a p2p website. I believe in p2p lending and with this loan I will gain a borrower's perspective. My loan matches the...... -
New Loan Funded — Please help with Business Expansion!!! — $24,000 at 18.7% — B Credit — DTI 35% A new loan funded (Please help with Business Expansion!!!â $24,000 at 18.7%). I participated via a manual order the loan was Autofunding. The borrower had B credit and 35% DTI. As a reminder my standing orders (and manual bids) only find loans with 0 current delinquencies, 10 or less delinquencies in the last...... -
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...... -
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 — Clearing a personal credit card used for business purchases — $9,500 at 18% — A Credit — DTI 46% A new loan funded (Clearing a personal credit card used for business purchases â $9,500 at 18%). I participated via an automatic bid Low AMT -- Extreme DTI -- Autofunding. Which means this funded at less than 15K less than 60% DTI and was autofunding.  The borrower had A credit and......
Related Websites -
High Yield Money Market Mutual Fund Vs High Yield Savings Accounts Traditionally, I've held my emergency fund in the Vanguard Prime Money Market Mutual Fund (VMMXX). Several years ago, the Prime fund was riding high on the then-generous short-term interest rates, its yield topping 5% and staying there for a significant period of time. At that point, Vanguard Prime was the...... -
Habitat For Humanity - Why Are You Still Building Houses? It's easy for me to attack organizations like the United Way because of their bloated staff which keeps the underlying charities from getting much of your donation. I'll even criticize a charity that gives away money or food for not going after the actual underlying problem. They are needed of...... -
How to Fuel Your Body For Exercise When you are trying to lose weight, it is very common to go on a strict diet and add in exercise on top of that. There is a problem with this however and you can end up feeling too exhausted to keep going. This usually leads to quitting your...... - Bad Credit Loans - Pay Up Or Face Strong-Arm Debt Collection! Bad credit loans (often known as "payday loans") are supposed to help people who experience too much month and too little money. Guess what happens when people discover the truth about payday loans? httpvh://www.youtube.com/watch?v=9S8w5FEC_UE On the surface, bad credit or payday loans appear to help cover the month until payday.......
- Building and Rebuilding Good Credit When I was in college, I was often solicited around campus to sign up for credit cards to get free t-shirts and other goodies. I always avoided the temptation and never signed up for any credit cards. In my mind, credit cards were a bad thing to be avoided at......
- Helmets Buffalo Bills Football-NFL Fan Apparel & Souvenirs Sports Collectibles
- Standing Liberty (1916-30) Quarters Coins: US Coins & Paper Money
- High Heel Womens Shoes
- Pins, Buttons Buffalo Bills Football-NFL Fan Apparel & Souvenirs Sports Collectibles
- Standing Liberty (1916-30) Quarters Coins: US Coins & Paper Money
Categories:
Loan Review, Prosper.com
Tags:
1 comment so far ↓
I didn’t have any money available to get in this one. I wish I did, it looks pretty good.
Leave a Comment