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 -
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 — 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...... -
New Loan Funded — paying bills — $5,000 at 26.00% — D Credit — DTI 12% A new loan funded (paying bills â $5,000 at 26.00%). I participated via my new standing order: Low Amt, Low DTI â AF. Which is this loan was funded as a low amount requested, low debt to income ratio and was an auto-funding loan. The borrow had D credit and...... -
New Loan Funded #5989 -- $2850 in 45 loans A new loan funded this afternoon (#5989 -- PAYING OFF CREDIT CARDS AND HOME IMPROVEMENT -- $22,000 14.55%). I participated via my standing order: High DTI -- NAF. Which is this loan was funded as high debt to income ratio and was a non auto-funding loan. Here is the credit of 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......
Related Websites -
Goals Update for End of July 2009 Time continues to fly in 2009. Now that we are into August, I only have 5 months to meet my goals. I still think I can meet most of my goals, however, unforeseen circumstances might have changed the importance of a few of my goals. I will discuss these...... -
A Review of My Actual Prosper Account I have mentioned in the past that I really like P2P Lending, or Person to Person Lending. I had previously talked about Prosper, when they brought back lending to New York, and most recently as an alternative source for liquid cash, but I have never given details about my...... -
Friday inspiration: Getting current on student loans, paying down debt, and changing priorities This is part of a series of interviews with people who are either working to improve their financial situation or who have already reached their goals. This weekâs interview is with Jennifer, who had fallen behind on her financial commitments and was beset by late fees. She has since gotten...... -
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...... -
The problem with 401(k) loans As people struggle during the tough economy, many are looking for easy ways to get their hands on cash. For some, the lure of borrowing their own money is just to great and what seems likes an easy decision could very well backfire and turn out to be not just......
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