6th November Loan - Rehab rental properties

Lowered amount...Rehab rental properties (Loan #22058)
177 bids

Borrower APR:	13.70%
Mo. payment:	$219.01 (3y loan)

oasismgt -

YOUNGSTOWN, OH

Lending Limits

(Close)

	Second Mortgage Lender License #SM.501506.000
Ohio limits as of Nov-17-2007
Min. Loan Max. Loan Max Rate $1,000 $25,000 25.00% APR
Max. borrower cap	23.24%
Failed payment fee	$15
Late fees	the greater of 5.00% of the unpaid installment amount, or $15

Credit Profile

Help

B credit grade	Homeowner Account verified			28% debt to income ratio
Now delinquent:	0	First credit line:	Jul-1998	Employment status:	Full-time
Amount delinquent:	$0	Current / open credit lines:	10 / 7	Length of status:	5y 5m
Delinquencies in last 7y:	8	Total credit lines:	31	Income range:	$1-$24,999
Public records last 12m / 10y:	0 / 0	Revolving credit balance:	$903	Occupation:	Self Employed
Inquiries last 6m:	2	Bankcard utilization:	10%

Description I just relisted to see if my home owner status and debt to income ratio were corrected and they are not....I am an active lender on prosper with over 168 active loans and 24 loans pending review....I am owner of 2 multi family properities with no mortgage 100 percent free and clear with over 1300.00 month profit in which on one property I pay only water bill which is 40-46 a month payment...I keep a close watch on my credit report thru true credit and my scores are as follows trans union - 660... experian- 640 equifax- 658 and I am truly working my way to an A credit rating.....I dont understand how debt to income ration is 37% when I have no real bills...my credit cards are paid in full and student loan is a 10.00 a month payment in which I have been paying 300.00 a month or 100.00 a month...In which will be paid off by the end of march.

7% is my state max sorry....

This was my previous listing.....As stated I have since rasied credit score and paid off student loan in full...I have a few projects that I am trying to finish that Includes upgrades to properties...such as replacement windows in which I have already Installed most of them myself and have 5 left to Install....I am replacing carpet thu out and kitchen and bath remodling..Tile flooring, new vanities etc...It would be of great help If this loan could get funded as I dont want to use credit cards to finance..

Thank you for considering this loan

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no questions / answers

Looking at this loan it is a fellow lender who has a steady stream of income just from prosper. There is a credit history that tells us that 8 late payments have been made but the debt to income is extremely low for Prosper borrowers. The interest rate that I normally look for in a "B" credit grade is 14%+ but I feel this is a safe loan with the fellow lender or "blender" as they are frequently called in the forums. I think giving him 1 less point is fair. Again I am happy to be part of this loan as well.

5th November Loan - Debt Free Listing #231830

$4,000.00 @ 13.36% AF
42 bids

Borrower APR:	14.07%
Mo. payment:	$135.47 (3y loan)

erac1006 - Alabama

Credit Profile

Help

A credit grade	Homeownership not verified Account verified			32% debt to income ratio
Now delinquent:	1	First credit line:	Oct-1997	Employment status:	Full-time
Amount delinquent:	$256	Current / open credit lines:	15 / 7	Length of status:	1y 1m
Delinquencies in last 7y:	0	Total credit lines:	31	Income range:	$25,000-$49,999
Public records last 12m / 10y:	0 / 0	Revolving credit balance:	$1,390	Occupation:	Retail Management
Inquiries last 6m:	1	Bankcard utilization:	5%

Description Purpose of loan:
I will be using this loan to pay off my credit card and become debt free within 2 years or less with the exception of my car loan.

My financial situation:
I have great credit, make all payments, and pay more on loans than expected

Monthly net income: $2,500


Monthly expenses: $
Housing: $ 280.00
Insurance: $
Car expenses: $ 434.00
Utilities: $ 50.00
Phone, cable, internet: $
Food, entertainment: $ 200.00
Clothing, household expenses $
Credit cards and other loans: $ 250.00
Other expenses: $ 200.00

No endorsements from friends

Q: Please explain the current delinquency and the reason the first loan attempt did not fund. Thank you -calculating1

A: Iam working on finding out where the delinquency comes from. I'm never late on any of my bills. The first loan attempt didn't go through because I sent off the wrong information and they didn't receive the correct info in time. (Nov-14-2007)

Looking at a "A" credit grade there is one current DQ but this may be inaccurate reporting and leads to higher interest rates. There is a 10 year credit history with no DQ's I think this loan is going to pay off and be on that helps the portfolio stay in the double digits!

4th November Loan - Paying off debt!

Paying off debt!

Listing #228317
$2,500.00 @ 23.15% AF

24 bids

Borrower APR:	23.90%
Mo. payment:	$96.97 (3y loan

drawintheline

Alabama

Credit Profile

D credit grade	Homeowner Account verified			40% debt to income ratio
Now delinquent:	0	First credit line:	Aug-1992	Employment status:	Full-time
Amount delinquent:	$0	Current / open credit lines:	18 / 15	Length of status:	5y 7m
Delinquencies in last 7y:	1	Total credit lines:	37	Income range:	$50,000-$74,999
Public records last 12m / 10y:	0 / 0	Revolving credit balance:	$4,175	Occupation:	Other
Inquiries last 6m:	1	Bankcard utilization:	38%

Description Purpose of loan: The purpose of this loan is to pay off some credit cards that I had to use when my wife went out for emergency surgery and I am needing to pay them off and try to get going again.And also using this to pay the hospital loans off that had acquired since then from the surgery,so then each month I can pay off those hospital bills and creditcards that have added up to be paid off and save me money each month as well.I am greatful to have the opportunity to do this and greatful for the company or person who came up with this.And an average person like me who is not rich just needs a little help every now and then to get ahead,so please consider my request for this loan and thank you.
(explain what you will be using this loan for)

My financial situation: My financial situation is good I pay all my bills each month and able to take my family out to dinner and buy what we need when they need it.I am a good father and a good provider and I do things to help my family out!And I am a good candidate for paying back this loan because each month it comes out no matter what and I do everything in my power that I can to always make my payments on time,even if it means to set @ home for a weekened.
(explain why you are a good candidate for paying back this loan)

Monthly net income: $ My monthly net income is 3600.00

Monthly expenses: $ 2974
Housing: $ 732
Insurance: $ 202
Car expenses: $ 1300
Utilities: $ my wife pays with her check
Phone, cable, internet: $ 150
Food, entertainment: $ 200
Clothing, household expenses $ 100.00
Credit cards and other loans: $ 240
Other expenses: $ 50.00

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no questions / answers

Again looks to be a safe bet. Credit history indicates only 1 late in the last 7 years. The debt to income is a little high but hey its America. The monthly expense report indicates that this family should be able to make the monthly payments and help their financial situation. Glad to be in on this one as well.

3rd November Loan - Credit Card Consolidation

Credit Card Consolidation

Listing #229312
$9,100.00 @ 14.00% AF (auto fund)

76 bids

Borrower APR:	14.71%
Mo. payment:	$311.02 (3y loan)

Now delinquent:	0	First credit line:	May-1999	Employment status:	Full-time
Amount delinquent:	$0	Current / open credit lines:	11 / 11	Length of status:	0y 8m
Delinquencies in last 7y:	0	Total credit lines:	17	Income range:	$25,000-$49,999
Public records last 12m / 10y:	0 / 0	Revolving credit balance:	$6,889	Occupation:	Retail Management
Inquiries last 6m:	0	Bankcard utilization:	23%

Loan history		Payment history		Credit grade history
Active / total loans:	1 / 1	On-time:	12 (100%)	A (Oct-2006)	Drop of 1 credit grade since last loan
Principal borrowed:	$3,000.00	<1>	0 (0%)
Principal balance:	$2,102.18	1+ mo. late:	0 (0%)
		Total payments billed:	12

Description

Hello, I am looking to consolidate a couple of credit card balances and a prosper loan into asingle loan. I have had my current prosper loan for over ayear and have made my payment on time each month. I am a responsible individual and will use this money to pay off my credit cards to improve my credit score. I am a retail manager at a national big box chain. This loan will be my only debt payment as my car note has been paid off for over a year. I am currently living with a close friend and therefore my monthly rent payment is very low at $360 a month. I will most likely make prepayments on the loan to pay it off early and be completely debt free.


Monthly Net Income:

$2350

Monthly Expenses:

Prosper Loan: $311
Insurance: $100
Car Expenses (gas, mantenance,etc): $500
Housing: $360
Utilities and Phone: $250
Food, Entertainment: $300
Clothing, household expenses: $200

No endorsements from friends

No questions / answers

Jessie4209

Location:	Illinois
Member since:	Oct-29-2006

This looks to be a promising loan. The credit history is clean as well as already having a prosper loan out for 12 months with zero late payments. The debt to income ration is relatively low even with the new loan. Glad to be part of this one.

Single Dagger

Well my first late for the Holiday season seems to be flipping current! I assumed that this was most likely a banking issues and it appears that I was correct. While i am not out of the woods until the funds hit my account I feel that the A credit grade gives us more hope than normal. A credit grade default rates are extremly low but still out there.

Official Prosper.com Forums

Prosper has brought back the community forums. There have been a few changes for the better of the community and continued Prosper success. First they completely removed access to the old forum to bring people onto the new forum. While this may seem like Prosper going back the their bag of tricks and erasing history yet again it was needed. Many of the older forums members had posted many negative things about Prosper when in fact their (older lenders) made bad decisions and have been blaming someone else (Prosper.com) ever since their ROI dropped below double digits.

Prosper also has enabled a cool new feature that we needed from the start. From the beginning of time at forums.prosper.com borrowers have had full access to the lenders side of the forums and could easily tailor their listings to meet exactly what we were looking for and created a edge for themselves over possibly better borrowers that were not as forum savvy. There is a very easy way to get access to all areas....simply apply for borrower or lender status. The group leader role may be more difficult these days but about a year ago anyone interested was granted the role as long as they had a phone and could respond to a system generated email.

The moderation team will have its hands full in the coming months as many lenders expect higher than normal lates and defaults which will in turn generate many more posts inquiring what happened to double digit ROI. Posting on the Prosper.com forums is no longer John Wayne style, every post is read and approved or declined by the Prosper.com moderating team. Big Brother...

Double Dagger

Today brings new hope to my late loan. The loan is showing the infamous double daggers. This is prospers way of telling lenders that they are attempting another pull from the borrowers bank account. This process can take up to 4 days to find out the results. The double daggers will change to a single dagger if payment is in transit. If the payment is unsuccessful prosper will follow up with phone calls and emails to the borrower. The borrower on this loan has A credit grade and has not missed a payment yet so I am hopeful that the late status of the loan is just a banking issue rather than the beginning of default status.