Improving Credit Score

Purpose of loan:
I am getting this loan to build my credit score, which was damaged in the past from an acct that was closed with a sub $10 balance and subsequently went into delinquency.? I'm employed by a large investment bank in NYC and have more than enough money to cover this loan.? I have about $10k of revolving credit card balances that i don't pay off because of a very low interest rate I pay.? I have a student loan of about $14k from college that I've been paying off for over a year now.

My financial situation:
I'm also currently a Prosper lender (prosper id: dslobbs).??I have about $1100 spread across 16 loans.
The duration of this loan will be be approximately 9-12 months.

I make $4k+ a month after taxes, I have about $1k of that as discretionary after basic necessities.

Pay off credit card

Purpose of loan:
This loan will be used to pay off? one very high interest credit card!

My financial situation:
We recently bought our dream house in the country.? We had difficulty selling our old house because of the market and ended up renting it.? We rented it for one year and then had to pour a lot of money into it in order to sell it--new roof, siding, radon mitigation system, etc.? We?lost money on it, but at least no longer have 2 mortgages to deal with.? Now we have several credit cards that have unbelievable interest rates and want to pay this one off.? We are very good candidates for this loan because?we pay all of?our bills on time and have never been late on any payment--seriously--never!? Please help us get rid of our credit card debt!!? Thank you!

Monthly net income: $ 6242.00 (with spouse's income)

Monthly expenses: $
??Housing: $ 1805
??Insurance: $ 50
??Car expenses: $100?
??Utilities: $ 150
??Phone, cable, internet: $ 80
??Credit cards and other loans: $?500

Q: I was looking at your past loan history, and noticed that between your last loan, and this loan, your credit went from a C rating to a A rating. This is within a two week period. Please explain this to me. Please answer on the current loan listing - sshgfwb

A: Hi. I also noticed this, but I don?t know why the rating has changed so dramatically. Prosper had to pull my credit history for this fourth listing when I set it up since it has been 30 days since my first listing. Several things on my new credit report are different from the first one, so I can only assume that the positive information is what has made such a difference in the rating that Prosper assigned to my listing, and also why it would change so much within just two weeks. Thank you! (Mar-12-2010)

Q: Humans this is an excellent investment, let's lend to this one! Oh, I've got a question, in roughly how many months do you plan on repaying this loan? PS: Please answer publicly. - hektek22

A: Hi hektek22. When I set up the listing, Prosper automatically defaults to 36 months for the payback term. But I always do my best to pay my debt back sooner, so I play on repaying in 36 months or less. With the monthly payment for this loan at $85.44 for 36 months, it will be easy to pay it back in less than 36 months. Thanks and let me know if you have other questions! (Mar-14-2010)

paying off my credit cards

Purpose of loan:This loan will be used to pay?off my high rate credit cards for GOOD!?? I have $14,300 worth of credit card debt.? I am asking for $3800 to pay off the?Chase and American Express credit cards because the have an average rate of 27% (plus a little extra for saving).?? The Bank of America card currently has a rate of 10.75% and I want to focus as much money per month as I can on that one.? I am planning on paying $700.00 a month on the BOA and then my monthly payment for this loan and I will be able to make some good progress quickly.

My financial situation:I am an excellent candidate for this loan because of my well established credit history and on time payments.? I know my debt to income ratio is on the high side and I am doing my best to bring that down as quickly as possible.? Most of the credit card debt I have is from my wedding and from 1 year of physical therapy that was not covered by my insurance.? I would love nothing more than to start a family with my wonderful husband but we need to payoff this credit card debt first.? My student loans will go into re-payment May 2011 ($400)?and I need to knock out as much of this debt?as I can before then (I can defer them for another year but I would like to start paying them).? Please help me if you can.? Thank You!

My monthly income: $2400 ($1100 every 2 weeks)
My Husbands income per month is $2500
He has 2 debt payments per month: car and student loan (listed below)
He contributes $1000 per month to house hold bills, plus he pays his student loan and car.
He has no credit card debt.

Monthly Bills:
Mortgage $740.00
Water Works $50.00
Alarm $36.57
Power $116.00
Gas $91.00
Statefarm $92.00
Charter $135.00
ATT $135.00
Grocery $200.00
Utility Items $100.00
Animals $100.00
Savings $300.00
BestBuy $100.00
Total $1,795.57
BOA Credit Card $700.00??

If you have any questions please ask me, I am happy to answer.

WORKING CAPITAL (Great Loan)

Purpose of loan: This loan will be used to increase the capital of my investment fund. My Financial History: I am a good candidate for this loan because my credit history is great. I have never missed a payment and I have never over extended myself by taking on too much debt. I have no credit cards and my only loans include: three student loans and a car note (placed on as cosigner to help boost my credit). About Myself: I am a recent college graduate with a BS in Physics. I use ? along with 5 years experience ? my math and physics knowledge to help determine risk and make good investments. Repayment: I will repay this loan fully in 12 to 18 months. I want to extend my thanks for considering me for this loan and may you be prosperous and happy. Monthly net income: $ 2125

Monthly expenses: $ 933.50
??Housing: $ 400
??Insurance: $ 141
??Car expenses: $ 70
??Utilities: $ 55
??internet: $?12.50
??Food: $ 100
???Student loans: $ 100
??Other expenses: $ 55

unforgettable-liberty8 has bid a total of $50.00 in winning bids.

Kitchen Cabinets

Purpose of loan:
This loan will be used to? replace my kitchen cabinets and countertops.

My financial situation:
I am a good candidate for this loan because? I am financially able to repay the loan.? I make $19.00/hr and have been working 30 hrs per work.? Now that summer is coming I will be working more hours.? I am an independent person so I like to get things done.? My husband pays all the bills so my money is my money.? And I want to redo the kitchen.? I am very aware of things that need to get done around the house and I enjoy doing it myself.

Monthly net income: $ 1800.00 - 2000.00

Monthly expenses: $ None
??Housing: $
??Insurance: $
??Car expenses: $
??Utilities: $
??Phone, cable, internet: $
??Food, entertainment: $
??Clothing, household expenses $
??Credit cards and other loans: $
??Other expenses: $

Q: How many months are you goin to hold this loan? I see you paid your other one off early. - FarmersBank

A: Probably for at least a year. I had gotten a yearly bonus from my work and that is why the other one was paid off. Thank you. (Mar-25-2010)

Pay my taxes

Purpose of loan:
This loan will be used to pay my 2009 taxes due.

My financial situation: I am a good candidate for this loan because I have never been late on any type of bill or loan payment in my life. I will have no problem paying this loan back because I have good job security and pretty good pay. I'm only asking for a small amount of money so I can get my federal taxes paid. I'm getting a state refund, but I won't have it in time to pay my federal taxes. My husband makes about $50,000 a year and is paying off my credit cards. I am responsible for the balances on these cards, but he doesn't have much debt at all, so he is going to start paying off my credit cards for me. He owns a business so he has his own tax obligation this year, otherwise he would be able to pay my taxes for me. We're filing separately because his business is an LLC and it makes more sense for us to file separately. If you have any questions let me know and I'll be happy to answer them. Thank you for your time.

Monthly net income: $3,329.89

Monthly expenses: $
??Housing: $ 550 (split with my husband)
??Insurance: $?0 (my husband pays this)
??Car expenses: $ 100
??Utilities: $ 0 (my husband pays these)
??Phone, cable, internet: $ 0 (my?husband pays these)
??Food, entertainment:?About $200 (my husband pays most of this)
??Clothing, household expenses $ Maybe $100?(my husband pays most of this also)
??Credit cards and other loans: $100 on my student loan,?About?$700 a month on my credit cards
??Other expenses: None, my husband takes care of most almost everything.

Q: $1,100 is not a lot of money to borrow. Why would you be willing to pay around 21% interest? What Llc business is your husband engaged in and how much does he net per year? Please answer publicly. - XCWIZ007

A: I only need $1,100 because that is all that I will be short when paying my taxes. I'm sure that my husband will pay this loan off early so the interest rate probably won't be of much concern. My husband is a partner in a small consumer loan finance company that is currently in the process of growing. The business is profitable and last year he made approximately $54,000. He should make much more than that this year. I hope this answers all of your questions. Thanks for your interest! (Mar-25-2010)

Moving expenses and security dep.

Purpose of loan:

This loan will be used to cover moving expenses. I just received notice that the building I live in has been foreclosed. Great. I have to move out at the end of my lease (Apr. 30). I had intended to renew my lease for another year, so this is an unpleasant surprise. The money will be used for a security deposit on my new apartment and to pay for movers. I will be moving from a 2 BR apartment to a 1 BR; I will be saving an additional $200-$400 a month because of this.

My financial situation:

Ok, so there's a big fat E for my Prosper score. I deserve it. I was very irresponsible when I went to college and got myself into all kinds of financial trouble. I racked up a mountain of credit card debt that I couldn't afford to pay, which went to collections, and later got charged off. All I can say now is that I'm not that person anymore.

I've been doing everything possible to raise my credit score for the past 3 years; it's been working, just slow. My FICO score 3 years ago was ~490 and now it's 680 with Equifax and 660 with TransUnion. This July will be the 7 year mark for most of the negative items on my credit report to fall off, they will all be gone by February of 2011. I only have a single credit card, secured, with a limit of $1000. I use it often and pay it in full every month, sometimes over two months. I wish the limit were a little higher so that it weren't so easy to end up with 80% credit utilization, but I have to wait another year to increase that.

Monthly net income: $3600

Monthly expenses: $3020 ($2630 to $2780 post-move)

??Rent: $1240 ($850-$1000 post-move)
??Insurance: $100
??Car expenses: $150
??Utilities: $200
??Phone, cable, internet: $200
??Food, entertainment: $600
??Clothing, household expenses $100
? Student Loan: $370
??Credit cards and other loans: $0
??Other expenses: $60
(Net Income rounded down to the nearest 100. All expenses rounded up to the nearest 10.)

Pay Off High Interest CC's

This loan will be used to pay off the balances of my high interest credit cards. Due to family issues, my parents moved when I was 19, and left me with their debt obligations as well as the responsibility of college tuition and living expenses. Eventually I completed my Bachelors in 2008 and have been working full time. Over the years of my education I incurred $6000 in cc debt and have been slowly paying off the cards. Last year, the bank cut my line of credit to just over the balance owed, while increasing the interest rate from 8.99% to 19.99%. This greatly increased my bank utilization ratio, and has hurt my credit score. I really can?t wait to pay off the debt to save my credit rating.
I am a good candidate for this loan because I have a stable, full-time career that I excel at. I pay my bills on time. I just paid off my car load. I also donated my parents' furniture to Good Will and closed the storage unit. Combined, that?s an extra $539 of my expenses I freed up in March alone.?
Monthly income: $3400
Monthly expenses: $1260.13
Housing: $500
Insurance: $75.14
Car expenses: $110.99 (ins only, car owned)
Utilities: $174
Food, entertainment: $400
Money left to pay this loan: $2139.87

Consolidating Debt

The purpose of this loan will be used to consolidate debt. I have a very high credit rating and want to keep it that way. I have never been late on a monthly payment of any kind and there is no risk at all in funding this loan for me. Thank you very much for your consideration.

Debt Consolidation NOW!

Purpose of loan:
Consolidate two loans into one lower ($150 or more per month in savings) loan.

Current debts...
Prosper.com ($3,800)
LendingClub.com ($1,200)

Currently paying $366/month for these loans. This will save me in interest charges and allow YOU to earn interest on my note... it's a win-win!

My financial situation:
I am a good candidate for this loan because the company I work for is stable and my skills are vital to the company.

Annual net income: $ 30,000 (hourly wage x hours per year pre-tax)/Monthly net income- $2,500+/- (pre-tax)

Thank you for your time and consideration! Best of luck on your bid in my future!

Married, husband has good stable income which cannot be listed or calculated into loan basics. We both have listed and borrowed from Prosper in the past. Husband has no active loans on record.

This loan will be repaid early... But you ARE getting a borrower who has proven for nearly four years that on-time repayment is golden!

Paying for last semester of college

Purpose of loan:
This loan will be used to pay my college tuition for this current semester, which is also my last semester of college! I am graduating on May 22nd with my Bachelors of Science in Business Management with highest honors (summa cum laude) and with department distinction. I have already secured a post-graduate job and I have a firm start date in June.

My financial situation:
I am a good candidate for this loan because I have a strong understanding of how loans work, I have secured post-graduate employment which begins in June, and I am determined to make timely payments each and every month.

Q: Hi, Can you list your anticipated income and expenses once you start working? Also, what type of job have you secured? Thanks - thevisiblehand

A: My anticipated salary is $42,000 with no significant expenses expected (I will be living at home for free, public transportation). I have secured a job with Teach for America, one of the most selective post-graduate programs. I committed to a two year contract. Please let me know if you have any further questions. Thank you and have a great day! (Mar-30-2010)