2nd Loan! Never late!

Hello Again Prosper community!

I finished my first loan for $12,000 almost a year ago and I am wanting a much lower amount this time. It helped me get all my husband's credit cards consolidated. He still has no balance on any card.

I will be?using this money for a credit card I have accrued a balance on.?I had a slew of expenses which I started?paying 13.99% interest on from November 1st. This is not a bad rate but I know with?Prosper I can get a better rate and I can pay?others like myself.

Like the other loan I will most likely not keep it full term. As I get little bonuses and tax rebates I will be paying it down.

Income ~$3000
Expenses ~$2700
Monthly Net Income: $300

A+ Prosper Credit /3rd Loan/ Look!

Purpose of loan:
This loan will be used?to help with a down payment on daughter braces, payoff my other prosper loan less the $600.00 owed and payoff my small credit card debt.?

My financial situation:
I am a good candidate for this loan because this will be my third prosper loan. I have never missed a payment and have a 100% on time rating. I also payed my first prosper loan off early.

I am a loving father and husband. My children are ages 6 and 10 and I have been married over 11 years to my wife. I am a responsable 36 year old. The delinquent amount is related to hospital bills for my son?that are in dispute from the insurance company.

Monthly net income: $ 4000 ?plus? bonuses.

My wife works as well and her income is not included here.

Q: The one red flag is your current delinquencies. Can you tell us when these hospital bills were incurred and where you are in the process of resolving the disputes over these hospital bills? - fiscal_family

A: Yes Hello, they were incurred over the last 4 years. My son had a seizure disorder from the age of 18 months, he is now six and the seizures have slown but when he was younger we made lots of trips to the doctors, ER, and took several ambulance rides. We pay small amounts each month and have cleared others up, there were more. These are the last four and some of it is ambulance rides which my policy states are covered. (Nov-13-2009)

Q: Your financial picture seems to have improved since your previous Prosper loans. A 60 point increase in your credit score, almost all prior deliquencies have dropped off, and 49 on time Prosper payments should be reassuring to potential lenders. - fiscal_family

A: Yes, I am reducing our debt. I want to run the family debt like a business and have 0 debt and strong cash flow. The strong cash flow is there and we have greatly reduced are debt over the past 10 years. It takes time, but we are so close to being debt free and we are looking forward to that day. (Nov-13-2009)

Q: Congratulations on your exceptional prosper payment record, wow 49 and no lates plus the 60 pt bump in credit score. Could you highlight your free cash flow situation. thanks. JJ - quickstep

A: I have a free cash flow of about $400.00- $600.00 each month and have been using it to pay extra on my wifes car, and investing the rest at sharebuilder.com. (Nov-13-2009)

Q: POST THIS!! WHAT KIND OF A SCAM IS PROSPER? I TRIED TO BID 19% INTEREST AND IT TOLD ME I COULD NOT!!! THIS SITE IS PHONEY!!!!!!! - harbor7

A: Not sure why you cannot?? The bidding is not over yet so It would be great to have some more bids at a lower interest rate. Anything to get a better rate is always good for borrowing. Sorry, I cannot explain that one. (Nov-16-2009)

Q: Post if you want, Harbor7 is new - has no loans (lendingstats.com). I've been lending 3 years. After the quiet phase I noticed new minimum bids (I can't bid 1% anymore). Prosper is legit. BTW, I'm in at 25%. I'll probably be one of your lenders! - Deebz

A: Great Thanks! (Nov-17-2009)

Q: It seems that Prosper calculates an "estimated loss" and will not let lenders bid much below the estimated loss %. They do this to try to protect lenders. However, sometimes lenders analyze the risk differently and wish they could bid a lower rate. - fiscal_family

A: Good information, Thanks (Nov-17-2009)

Pay off remaining tuition due

Purpose of loan:
This loan will be used to pay off remaining outstanding tuition for my masters degree

My financial situation:
I am a good candidate for this loan because? I have a good steady job (since 08/2004) and I have already proven I? am a good loan risk in regards to my Prior successful loan repayment with Prosper from a couple of years ago.

Monthly net income: $ 4500

Monthly expenses: $
??Housing: $ 715
??Insurance: $ 96
??Car expenses: $ 564
??Utilities: $ 85
??Phone, cable, internet: $ 175
??Food, entertainment: $ 200
??Clothing, household expenses $ 35
??Credit cards and other loans: $ 475
??Other expenses: $

Q: Hi. Would you please explain the current delinquency? Thank you - CA_Lender

A: It is an old gym membership I am currently disputing. The original company sold to a new one just as I canceled my membership. The new company never acknowledged my cancellation. I never even knew about the outstanding balance until about 5 months ago. I have submitted dispute documents and am considering small claims court to resolve my claim. (Nov-14-2009)

Q: What were the four recent inquiries on your credit report? - BAEVentures

A: New account with VW credit (used car purchased in August); Sallie Mae "changed account" . (Nov-17-2009)

Q: Just $1500? You can pay that off in your two month salary, why prosper loan? - money_player

A: I have had a lot of unplanned expenses lately (mom went into assisted living) and my family asked me to temporarily lay out some money that I did not originally plan for. I need to pay off the remainder of this tuition as soon as I can, and since I have used Prosper successfully in the past I figured why not now. (Nov-17-2009)

Q: I am really interested in bidding ($500) on your loan.Just have a couple of questions.What do you plan to do with your degree?Will the assisted-living go up?Can you guarantee you will repay us?Please answer publicly. - newequity

A: I am already using my degree as I am currently an assistant principal of a high school. I plan on being a principal in the not too distant future. The assisted living was a one time monetary lay out as my other family members did not have the extra money up front when mom had to go in. As far as a guarantee, I can tell you that I have already had a Prosper loan in the past and I paid that off without ever missing a payment. I intend to do the same with this one. (Nov-18-2009)

Pay off and Close Credit Cards

Hello All,

I am seeking this loan in order to pay off a credit card whose interest rate has gone through the roof over the past year.? The card in question is one of my older credit accounts and for the past four years had an interest rate of 3.99%.? However, due to a single payment that was one day late (actually paid online at 10pm on the due date) the interest rate has skyrocketed to 29.99%.? The balance of this card was right around $20000.? I transferred half that amount to another card of mine which is still at 3.99% and the funds from this loan will let me pay off most of the remaining balance without giving the bank thousands of extra dollars in interest.?

I am employed as a Health Care Professional and have been working for my current employer for 18 years.? I don't have any issues paying off the card at its current rate but feel that the interest rate is extreme considering my credit risk and long history of on-time payments.? Also, my revolving balance is due in large part to a HELOC taken out four years ago to purchase a rental property.? That property is currently rented and has had a 96% occupancy rate since purchase.? It also includes a car loan.

Thank you for looking and please feel free to ask any questions.

Paying high interest credit cards.

Purpose of loan:

I want to cut my $7,000 balance on a credit card with 29.9% interest rates down to something more reasonable.

I am a good candidate for this loan because:

This is my second P2P loan. Never missed or late on payment. I?love the idea of people helping people instead of making the banks rich!

I am dedicating my income over the next couple of years to becoming 100% DEBT FREE.

Thank you for your consideration!

Q: Please list all of your debts and the interest rate for each. Please indicate the current value of your home. thanks - reflective-rupee

A: House Value: $203K Visa 29.9% / $ 7,644 BofA Loan 15.99% / $39,500 MasterCard 8.24% / $ 1,400 Star 9.99% / $ 7,200 M/C 9.0% / $11,500 Most of my interest rates are good, but I still have one that is high that I am trying to eliminate. Thanks! (Nov-14-2009)

Q: Please indicate all home related debt (mortgage, HELOC, etc). thanks - reflective-rupee

A: $1500 Mortgage payment. No lines of credit (HELOC). House has been sold, just waiting for closing. Me and Ex-Wife share mortgage payment. Once closed (in two weeks) I will not have this expense any longer. I live in a separate house (Military Housing). No expenses for that home, no mortgage, etc). (Nov-14-2009)

Time to cut up the credit cards

Purpose of loan:
This loan will be used to get some maneuvering room to?juggle debts around and start down the?road to cutting up all credit?cards and becoming debt free. I have put myself in this position, but credit card companies closing used and unused lines, reducing limits on others and raising rates ahead of 2010 changes have impacted my score,?magnitude of payments?and complicated the situation. This loan would simply give me the breathing room to reverse course and start a payoff snowball.

My financial situation:
I am a good candidate for this loan because I have had?my wake up call,?my days of living large are?over and I?always honor my obligations on time. Solid family man with one in college, good job of over 15 years, in same industry for over 25. Zillow.com says today house worth 342k, but has always read low. House appraised 400K?at start of?recession and zillow was significantly below that at the time. First 313k, 2nd 34k.

Monthly net income: $ 6142 Personal $9K Household

Monthly expenses: $ 8790
?Housing: $ 2319
??Insurance: $ 157
??Car expenses: $ ?323
??Utilities: $ 332
??Phone, cable, internet: $ 307
??Food, entertainment: $ 500
??Clothing, household expenses $ 133
??Credit cards and other loans: $ 3560
??Other expenses: $ 1159

flexible-trade4 has bid a total of $75.00 in winning bids.

Q: Please list all of your non-mortgage debts. thanks - reflective-rupee

A: Type,Creditor,Balance,Pymnt,Interest CC = Credit card, CL = Credit Line : CC,AmericanExpress,432,15,13% CC,AmericanExpress,435,15,14% CC,CITI,14722,223,0% CC,CapitalOne,19763,465,17% Installment,CapitalOne,11446,511,7% CC,Chase,564,25,27% CC,Chase,10125,206,12% CC,Chase(wasWamu),5707,130,16% CC,Discover,14384,285,7% CC,Discover,9091,201,21% CC,USBank,19646,326,8% CL,USBank,29484,598,12% CC,WellsFargo,8456,176,13% 401kLoan,Vanguard,6942,384,9 Thank You for inquiry and bids! (Nov-14-2009)

Q: can you provide more details about household jobs? thanks - shrewd-income

A: My title is "Software Engineer". I work for a semiconductor company that I returned to in 1993. Spouse is a "Flight Control Manager" for over 20 years. Hope this answers your question. Thanks for bids. Will be unavailable next 45 mins, but will try look again in case this is not what you were looking for. (Nov-19-2009)

Buying a 4x4 for Michigan Winters

Purpose of loan:
This loan will be used to purchase a second vehicle, one with four wheel drive for my lengthy early morning commute in the winter weather.

My financial situation:
I took out my first Prosper load in Sept. 08 and I will never go back to conventional credit if I can prevent it - the past year surely hasn't given anyone any reason to have more love for the banking institutions.? My first loan was to consolidate debt and has allowed me to aggressively pay down that debt, now the time has come to purchase another vehicle and Prospers loan model will give me more insurance models to work with, as here in Michigan (a no fault state) rates are considerably higher than average.? Please look at my loan history with my first loan and forward me any questions you have.

Q: With your excellent credit rating, can you not get a bank loan at a lower rate than the Prosper loan? - bid-promiser

A: Yes - I would be able to beat the current bid rate by a few points; to be honest, I have been rather disappointed with the slow movement with my bid request. My last loan was fully funded at this point and I was seeing the rate move. Truth is though, because I have a less than perfect driving record an unsecured loan makes sense for me because it will allow me to own the car outright and therefore I will have room to be more creative when it comes to the auto insurance. (Nov-15-2009)

Smart ReStart

Purpose of loan:
This is a relisting for this request - I have lowered my request, crunched the numbers and we will tighten our belt further to make this a success.? I really appreciate all the thoughtful insight during and after the bidding closed and feel fortunate that along with funding requests the participants on this endeavor also seem to really care about the success of both the lenders and borrowers in achieving their goals - financial freedom.? Based on some of the questions about why we needed a second loan I am providing a short explanation below.

Unfortunately, like millions of other people, life happens and?my debt free goals?hit a snag - we had major house repairs in August (had to?hook to the county sewer at a cost of more than $20K) and?in October 2008 my indigent brother in law passed away and we had to pay for the funeral (even though we tried to keep it as simple as possible it still cost $7K).? So things have not gone as fast as I would have hoped.

Regardless of stimulus payments to credit card companies ? by our tax dollars ? these same companies are now turning around as if that money was not enough and raising the interest rates on credit cards to limits that make it virtually impossible to pay them off in any reasonable amount of time. We were forced to use our cards to pay for these major expenses and then these same cards that were averaging 15.6% went to a WHOPPING 29.99% because we were?almost maxing them out.??We have always paid these cards on time and even tried to throw in a little extra from time to time ? but that didn?t matter. This second loan will be used to pay off only our credit cards and I will then leverage this savings to pay off other debts (cars, dental) saving us thousands in interest. I have calculated that by paying off $10K in debt at an interest rate of 20% or better we will save more than $300 per month in just making minimum payments alone ? what an incentive!

My financial situation:
I am a good candidate for this loan because I have worked hard over the years to build a good life for my family even in the roughest of times we have not ignored our commitments to lenders. As in my all my debts, this loan will be repaid and on time too! My husband and I make good salaries at this stage of our life and would love to rid ourselves of this burden. Anyway - thanks for the consideration. I will one day return the favor.

Monthly net income: $ 9200.00

Monthly expenses: $
Housing: $ 2450
Insurance: $ 400
Car expenses: $ 1100
Utilities: $ 250
Phone, cable, internet: $ 150
Food, entertainment: $ 1000
Clothing, household expenses $ 200
Credit cards and other loans: $ 2300
Other expenses: $ 500

Pay off credit cards w/ high int.

Purpose of loan:
This loan will be used to? pay off credit cards that has an expiring promotional balance transfer.

My financial situation:
I am a good candidate for this loan because? I have a stable job and is responsible to make payments as scheduled.

Q: Please provide your take home pay and list of current monthly expenses. - exciting-fairness

A: Net pay is around 2,300 to 2,800 every 2 wks. mortgage-2450 credit card bills-500 car - 625 utilities/bills-200 groceries/gas-1200 My paycheck varies because it depends if I do calls which ups my income. I am an OR nurse. (Nov-13-2009)

Paying off my credit cards

Purpose of loan:
This loan will be used to pay off my credit cards. I am working towards a goal of becoming debt free.

My financial situation:
I am a good candidate for this loan because?I have paid all my bills and debts on time as reflected in my credit report. I recognize the value of money and see that if it is used responsibility?it can?free me from debt and open new?doors for me. I am also a person that is impeccable with my word and understand the value and trust that someone is putting in me by providing me with a loan.??

Monthly net income: $ 4000

Monthly expenses: $3424
??Housing: $ 1102
??Insurance: $ 126
??Car expenses: $ 473
??Utilities: $ 150
??Phone, cable, internet: $ 230
??Food, entertainment: $ 400
??Clothing, household expenses $ 150
??Credit cards and other loans: $ 693
??Other expenses: $100

Q: What exactly is your occupation? Thanks - RecoveryLender

A: Hello, I am a technical recruiter. (Nov-18-2009)

car repair

Purpose of loan:This loan will be used to?do some needed repairs on my vehicle.
My financial situation:I am a good candidate for this loan because? I pay my bills on time.? My credit score is low because I decided to pay negotiated settlements on my credit cards instead of filing bankruptcy.??

Monthly net income: $ 4200.00????

Monthly expenses: $
??Housing: $ 1234.00
??Insurance: $ 175.00
??Car expenses: $?936.00
??Utilities: $?315.00????
??Phone, cable, internet: $ 250.00
??Food, entertainment: $ 300.00
??Clothing, household expenses $ 200.00
??Credit cards and other loans: $ 200.00
??Other expenses: $ 200.00

Q: c my pg. - Tono

A: I don't understand what you are saying. (Nov-20-2009)

Q: See my page, click my name. Make the arithmetic EZ for us. good luck - Tono

A: My total monthly expenses is about $3850. My bring home from my job is $4200 and that does not count my wife's check of $1000 per month.. (Nov-21-2009)

Striving Student to consolidate!

Purpose of loan:
This loan will go to consolidate about $2,000 worth of debt on three accounts with an average APR of about 20%.? One of these accounts is a line of credit with my bank which is already closed, and I would just like to have it gone for good.? One of these accounts is a gas card with a ridiculous APR of 29.9%, which I would like nothing better than to get rid of completely.? The final account is my only credit card, which is the only account I intend to keep open.? I use it to consolidate a few of my regular bills (i.e. car insurance, cell phone) for easier payment at the end of the month.? The only reason it has much of a balance on it is because I had to spend about 700 dollars on vehicle maintenance all at once, and I wish also to have that paid down.

My financial situation:
I would like to address the E rating that Prosper has given me first of all, so PLEASE READ THIS!? As you can see on my payment history, most of my payments were made past the due date.? This is true only because my pay schedule and financial commitments do not facilitate my having the amount needed in my account right on the day of all the time.? Very often, the money comes in within the first several days after my bill is due.? Prosper has no penalty, financial or otherwise, for paying your loan late if the payment is made within 14 days of the due date, and as you can see, I have made EVERY SINGLE payment within those 14 days or before the due date, and will always make the payments on time :-)

I am a good candidate for this loan because I have a steady job which pays me adequately, works seamlessly with my busy college schedule, and finally allows me access to extra hours in case I need to earn some extra cash during a particularly costly month.

I would also like to point out that I have paid off a full third of my total debt since the beginning of 2009, and that my fico score has gone up thirty points as well.? I am a responsible hard working student who gets everything paid for, one way or another.

Monthly net income: $1,800

Monthly expenses: $
??Housing: $0
??Insurance: $90
??Car expenses: $120 (gas)
??Utilities: $0
??Phone, cable, internet: $80
??Food, entertainment: $60
??Clothing, household expenses $0
??Credit cards and other loans: $700
??Other expenses: $variable - school expenses (supplies, textbooks, etc etc)