A new loan funded (Help with downpayment for semi. – $4,500 at 23.5%). I participated via a standing order low amt (<15K) low dti (<=15%) AF (loan was Autofunding). The borrower had D credit and 15% 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 $4,597.15 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:
Hello and thank you for looking at my ad.
I am seeking the funding for the downpayment of a truck to be used as an expedting vehicle. The truck I am interested in is a 2001 Freightliner straight truck. I need a ten percent downpayment(3,000) and I am also seeking an additional 1,500 for help in the start up costs for the first couple of weeks.
My brother and I are leasing on with a very successful expeditng company that hauls auto parts. I will continue to work at the company I currently work for as a way to be diversified if we encounter any early troubles. I then would be able to help fund our truck so we can continue to operate.
Please feel free to email me any questions or call me at (810) 280-1335.
Thank you for your consideration, Joseph
Here is a graph of all loans on Prosper with D credit and a DTI of < 15% and Loan Amount $5,000 +/-$5,000 funded in the last 100 days:
| Number of Loans | Average Amount Borrowed | Weighted Average | Standard Deviation |
|---|---|---|---|
| 306 | $4,793.07 | 18.2% | 3.77% |
The weighted average plus 1 sigma is 21.97%. The weighted average plus 2 sigma is 25.74%. This loan is between the 1 and 2 sigma higher than the mean. I love standing orders.
What do you think?
If you liked this article, vote for it on del.icio.us and stumbleupon.Categories:
0 comments ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment