CONSOLIDATE BILLS

Purpose of loan:
This loan will be used to consolidate bills with a better interest rate.

My financial situation:
I am a good candidate for this loan because my credit score reflects my good payment history

Q: Could you explain the 37 lines of credit and the three credit inquiries? - Johnab

A: I am not sure but I think the 37 lines of credit include accounts that have been closed by me. I can promise you I do not have 37 open lines of credit. My wife and I have a mortgage, 2 car loans, a couple of credit cards, and a loan for a total of about 10 lines of credit. No where near the 37 as stated. (Sep-30-2009)

investing in RE properties and gold

Purpose of loan:
The plan is as follows: use the bigger chunk of the money (~ $8,000) towards the down payment for a real estate rental property. I purchased one in May 2009, for which the down payment was $15,500, and it cashflows $410 per month, for an annualized return of 20% (or 24% when including principal). 4 months later I consider that was a good deal, and I'm ready to do another. There are still nice deals out there (even more and better, I would say), and we (my wife and I) have the goal of getting to $1,000 per month passive income by the end of 2009. The rest of the money will be used for even safer investments, like buying gold and silver bullion together with GLD put options, since we believe the dollar is steadily depreciating, but we also want to guard against a crash in precious metals prices.

My financial situation:
Both my wife and I are employed by a big high tech company. I am very good with money management, as in making payments on time and allocating the cash in reasonable percentages when it comes to investing. We (my wife and I) both have salaries that could support the whole family if one of us were to be laid off, and we each save at least 10% of the salary each month. The "extra" money typically go into various investments, that are often having a low correlation (gold, foreign currencies, stocks, real estate in US and abroad).

The reason I decided to get a loan from Prosper is two-fold: 1) I find the current rates attractive, and would like to secure a loan with such a rate now, thinking that in 1-2 years the rates would be much higher; 2) I could get about $10,000 at ~10% from a couple of local banks, but rather than getting 2-3 loans, and paying interest to the banks, I consider it's better to have just one loan, and pay the members of this community.

My prosper credit rating:
It looks like the Prosper credit rating is heavily influenced by?the loan amount. I found out, through repeated attempts, that if I ask for up to $2,500 the rating is AA, if I ask for up to $10,280 the rating would be A, and if I ask for anything beyond that it would be C. I could use more than $10,280, but I don't want to be in the C rating category, so I'm going with this for my first Prosper loan. I just though I would mention that.

Thank you for your support!

Q: Where is the property be located? - DadOfSeven

A: The one I'm looking to buy? As of today, I'm considering between two options: one in Denver, CO, the other in Atlanta, GA. (Sep-25-2009)

Q: Just a note...NEVER NEVER buy one in a flood zone...period...never..or hurricane --- insurance is high and if it gets damaged it was not worth the cheap price in the beginning...it will bite you in the end. - icanloanit2u

A: Thanks a lot for the tip! I checked the flood/hurricane area for the home in Denver, but forgot to do the same for the one in Altanta... (Oct-03-2009)

Last Try! 3rd Loan, Great Rate!

Thanks to all who bid on the last listing.?I looked over the numbers and decided on the highest rate I would accept a loan, which is what I am paying on the card. If not this time, I'll have to just pay down the card like I've been doing. I'd like to save some money and not reward the credit card for raising the rate (although I can't fully blame them with where banking is at right now).

Here's a quick summary of my first two loans for those who don't have time to go back:
-Got sick while in college and ran up debt for doctor visits and procedures
-After getting healthy started working in collections
-Have now worked at State Farm corporate headquarters for almost five years
-Got first loan and organized debts, decreased APR's, refinanced home
-Got second loan to pay off the first to decrease payment amount and APR
-Have been paying down debt ever since

As you can see, since my last loan I have paid down a great deal of debt. Now that banks are raising rates to astronomical numbers, I feel it would be best if I converted some more of that debt into a fixed interest loan. My situation is nearly exactly the same as my last loan with a few exceptions:

-Less debt
-Increase salary
-Much lower APR's on revolving debt
-I am now back in school while working FT
-I have a $1500 money market account for an emergency

Most of my debt right now is at a fixed rate because I took advantage of some balance transfer offers (for the life of the loan) knowing that rates would rise, so this will cut into the remaining. This will pay off one credit card at 23% APR (just got jacked up for no negative reason). The average APR of my debts now is about 8%. I want to keep it around 10%.

For reference, I am NOT paying off my current loan with this one. I may be paying it off with my tax refund at earliest.

Feel free to ask any questions, but that should cover it!

Q: I've read through your history and if you are faithful to pay off this 3rd loan like the other two, you are the Prosper.com poster-child of the year! Keep it up! - JoeXB

A: Wow, thanks! I absolutely am faithful to pay this off. No reason not to. I do hope to get bid down. As you can see I tried to start at lower APR's, but I truly hate revolving debt, so I will convert 1:1 revolving:installment if need be. In my listing, I mentioned I may pay off my other Prosper loan with my tax refund, but in all reality I will pay down revolving debt again as stated above for two reasons: revolving debt stinks, and the people on my other loan deserve maximum reward. Thanks again (Sep-25-2009)

Shift From Revolving to Installment

I would like to pay off one of my credit cards, transferring the money from revolving to installment. This way I?will eliminate that debt in three years.

My first plan of action was to call the bank and?ask them to?at least lower my interest rate. They?declined.?My?subsequent plan of action is to shift?the balance?from revolving with an open-ended time frame to installment with a much shorter time frame.

I would love to use a Prosper loan to pay off my card because then I will?have paid it off in three years, and?also because then private investors like you will be able to reap the rewards.

I have no blemishes on my credit ? not a single 30-day late or anything like that.

I have been a great Prosper customer. I have one paid loan and?another current loan. I have never been late.

I teach high school English. I work overtime during the school year and also during summer in order to keep my income levels high. I also coach actors.

Additionally, I?write a regular column for examiner.com.

My monthly gross is $8,377. My monthly expenditures are?approximately $6,000 ??some of which is high interest, revolving debt?repayment that I am working on both whittling down and turning into short-term installment loans.

By?refinancing just this one credit card, I will be one step closer to freeing myself from high interest, long term revolving debt that grows and grows.

I would rather spent my money on: Web site development,?Search engine optimization, ISBN?s,?and electronic marketing of my?literary wares.

Feel free to affirm my creative potential by visiting:

My classroom Web site: http://www.webstaclecourse.com

And my comedy column: http://www.examiner.com/x-6002-LA-Comedy-Examiner

I appreciate your consideration. Hopefully you can see from my credit history, my Prosper accounts, my perseverance and my potential that I am a good bet.

Monthly expenses: $ 5965
??Housing: $ 1695
??Car/insurance/maintenance/gas expenses: $?650
??Utilities: $?60
??Phone, cable, internet: $ 120
??Food, entertainment: $?440
??School supplies, household expenses $?180
??Credit cards and other loans 2700
? Charity 120

Q: Hi, what is the interest rate on the card you want to pay off, and what kind of interest rate are you looking for with the prosper loan? Thanks. - SaintMatthew

A: It's not about the interest rate so much as it is about it being an installment loan (not revolving) that will be paid in three years. Having said that, I have a card at 31% and another at 27%, so this loan will work well. Thank you :) (Oct-12-2009)

Help us Pay it Forward for others

My financial situation: I am a good candidate for this loan because? Hi, my wife and I have started the Donut Business here in Washington since June of 2007.? We decided to start up due to the economy.? Here in Washington State (The Great Northwest) is the perfect place for Island Mini Donuts.? With Starbucks and other coffee baristas in every corner here, Hot fresh Island Mini Donuts would be a great addition with the fresh brew headed to work, on the way home and don?t forget the kids at home too!? In 2008?the fairs that we have participated in, the coordinators of each of the fairs have expressed their enthusiasm and invited us back to their event in 2010!

** we have turned in and donated to the American Red Cross Rainier Chapter about $1100.00 Dollars this?year so far.? there is still 4 more months till the year is over.? Please help us to continue to Pay it Forward with the American Red Cross,?Help Save A Life!

The purpose of the business loan is for a bigger signage for the business ($1000.00). ? I have been with Prosper for a while.? I have borrowed from the Prosper community and have never missed a payment.? I have also had the privilege to help others out by being a lender of Prosper too.? I am hoping with the good track record with Prosper you will find it in your self to help me out one more time with a business loan so that I could prosper in our business and in return share the wealth with the lenders of this loan with the interest and later pay it forward and we would help others do the same as a lender. So I hope you would consider our business loan for funding.? Thank you and God Bless??

Monthly net income: $ 3000.00
Monthly expenses:
Housing: $ 1000.00????????????????????
Insurance: $ 105.00??
Car expenses: $ 305.00??
Utilities: $ 135.00??
Phone, cable, internet: $ 70.00??
Food, entertainment: $ 500.00??
Clothing, household expenses $ 80.00??
Credit cards and other loans: $ 60.00

Q: I have question about your Delinquency record. Could you explain these numbers? Thanks. Now delinquent: --------- 2 Amount delinquent:------ $19,695 Public records last 12m / 10y:----- 0 / 2 Delinquencies in last 7y: --- 12 - cybercop45

A: When my family and I moved to Washington, we needed a car. I bought a van from a dealer and volunteered to return the van due to $525.00 payments after 4 months. I also have a bankruptcy filed in 2003 and was dismissed. With the economy now, I know it?s hard to budget. I know that I can handle the monthly payments. I believe in Prosper and its community. This will be my second loan of many. I will not let you down. Thank You (Sep-30-2009)

Need to pay off payday loans

Purpose of loan:
This loan will be used to? pay down bills and build up a good credit history
My financial situation:
I am a good candidate for this loan because? I have been employed by the same company for 25 plus years and I pay my bills.?My financial picture is improving, I just received a raise that pushes my income up to over $50,000 per year. My husband's income is rising as well, if?it helps his income will be helping to make the payment and his?monthly net?is?$3734.?

Monthly net income: $ 2104

Monthly expenses: $
??Housing: $?750
??Insurance: $ 90
??Car expenses: $411?
??Utilities: $?154
??Phone, cable, internet: $150
??Food, entertainment: $?500
??Clothing, household expenses $
??Credit cards and other loans: $600
??Other expenses: $

Q: Hey juls011-- what are the two inquiries in the last 6 months from? Thanks and good luck with your listing. - bondhedger

A: I honestly have no idea, they could be a creditor doing a periodic check or something that prosper did. Wish I could give you a better answer. Hope you can help with the loan! (Oct-05-2009)

Q: Could you please explain the 9 delinquencies in the past 7 year as shown on your credit profile? Thanks much and good luck. - reflective-rupee

A: I would imagine that it was a bill that got paid late. most of us have had that at least a few times in our history. This has been a tough year not just for me but for many of us. All I can really say is that my overall record is very good and without going back and looking at my credit report it would be hard to give an exact reason for every delinquency I have ever had. (Oct-09-2009)

Paying Off Credit Card Debt

This loan will be entirely used to pay off debt on my Chase Mastercard.? I would much rather pay you the interest than the Chase corporation.

I am a good credit risk because I have never, ever had a single late payment in my entire life. I have a stable income in a career that I have been in for over 15 years and I am a homeowner.

Q: Could you please give us a breakdown of your monthly net income and expenses? Please answer publicly so everyone who might want to bid can see these figures. Thank you. - dasyjo

A: Thanks for the question. My intention is to cooperate and be completely honest, but I don't feel comfortable with posting the very personal details of my monthly budget online. My listing displays my debt to income ratio. I can share the following information: My net monthly income is approximately $5,000. After paying ALL of my normal monthly bills, I have between $1250 to $2000 in discretionary income. (Oct-08-2009)

Final Tuition Payment (BSN/RN)

Purpose of loan:
The purpose of this loan will be used solely to pay all fees due to the bursar?s office at Seton Hall University. I owe a balance of $5,500.00, of which I have secured support in the amount of $2,000.00. I need to be able to pay the total due amount so I may be granted permission by Seton Hall University to take the National Council Licensure Examination (NCLEX). In addition, this will also facilitate the release of my transcripts to the employers with whom I have been in contact. I graduated from the university with a RN/BSN degree, and I will be entering the profession as soon as I satisfy this obligation and obtain my nursing license.?

My financial situation:
I am a good candidate for this loan because I will entering the nursing profession, which is in high demand nationwide.? My income will allow me to pay all my student loans promptly, including the $3,500 that I am requesting from Prosper investors.

Monthly net income:?Upon passing my NCLEX examination, I will be granted my nursing license.? My monthly net income as a nurse will?range from $3,000 to $4,500.?Currently, I have sufficient income and support to make payments on the $3,500 loan request immediately.

Q: Have you secured work pending your graduation and licensing? What is your current means of income? Do you have any dependents? - AbeHonestly

A: Hi AbeHonestly: Thank you for your response to my post. The following is my response. You first asked if I have secured work pending my graduation and licensing? First let me say that I have satisfied all the academic requirements for graduation. Frankly, I have been presented with great job offers. One job is with the VA hospital, where $75k is the starting salary with academic benefits that include a $10k student loan repayment program for each year up to 5 years for a total of $50 (Oct-01-2009)

Q: What is your confidence level in passing the exam? Thanks and best wishes. - reflective-rupee

A: Hi Reuppe: I recently passed my compreshensive HESI exam at Seton Hall University. A student who passes this examination is a good indicator of passing the board exam (NCLEX). I also sign up for a Kaplan course, which will provide me with additional resources to pass my boards. In short, I feel very confident that I will pass the NCLEX. (Oct-13-2009)

Painting outside of house

For additional information that will not fit here, please check my profile.

Thanks for looking at my listing.

Purpose of Loan:
This loan is for the cost of having the outside of my house completely repainted.? The house will be 10 years old this coming December.? I purchased the house in September of 2002.? I had plans to have the outside of the house repainted this year.? I wanted to get it ready for the winter,?the outside does need repainting.? I was planning on using saved money to accomplish this.??However, about 4 weeks ago, I had a leak in my upstairs master?bathroom.? It put?enough?water down to the ceiling of my family room to damage sheetrock and a small area of carpet.? I had the leak completely repaired, and a restoration company came in, dried everything out, and removed damaged sheetrock and some of my carpet.? I have had the sheetrock repaired?completely.? My insurance claim (already have received my claims check) covered the repairs done so far plus a considerable amount of carpet replacement.?I am using the insurance claim money and the money I had set aside for painting my house, to upgrade to wood floors, now is the time for this upgrade.?The wood floors are going will be completed today.? But I still need to get the house painted.??I have had three estimates, on the painting, got a good contractor lined up ready to go, but need to take a Prosper loan to pay for it, don't want to pay the high interest rate with someone else than Prosper.? The weather has still been good enough to paint.?

I take great pride in my home, and I am working on increasing its value in the uncertain economic time.?

My financial situation:I am a good candidate for this loan because I have a secure job with the federal?government for over 30 years, and I have been at my part time job at a local wholesale club for over 9 years.? I am stable. I've lived at the same address for the last?7 years since purchasing my house in September of 2002.
My?gross monthly income is $9,340 per month from my full time job, and my part time job.? I have had one previous prosper loan that?is paid off with no late payments.? ?I have had no late payments in the past 9 years since my previous divorce, (no child support or alimony).? I don?t mind working hard for my goals I have set for myself.?
Net Income:????? ?$6,473month
Mortgage???????????$1,800 /month (inludes insurance and taxes)
Auto Payments??$650
Food?????????????????$400
Credit Card pymt $600
Auto insurance??? $145
Utilities???????????????$475
Misc/entertainment? $200

Repayment:
This loan will present no problem for me to repay.?

Paying off my son's credit cards

Purpose of loan: To help my son pay off his credit cards as he has $50,000 in student loans coming up in November and will need every penny he can get.
This loan will be used to?see above

My financial situation:Is so much better now. I am making more money as an insurance collector for a hospital and I receive monthly income from my mother's estate now that she has passed away.
I am a good candidate for this loan because?I paid off my last loan before it was due, and my credit score has improved to almost 700. I would just like the opportunity to continue to clean up my credit, and I can do that by borrowing small amounts and paying them off in a timely fashion.

Monthly net income: $ approx $1,800 from my job and $2,100 from my mother's estate now.

Monthly expenses: $
??Housing: $895.00
??Insurance: $120.00
??Car expenses: $160.00 gas from my commute and $411.28 for car pmt
??Utilities: $56.00 for gas and $156 for electricity
??Phone, cable, internet: $approx $250
??Food, entertainment: $approx $450 (as my daughter resides with me still)
??Clothing, household expenses $100/mo. (maybe) we don't spend much on clothes, etc.
??Credit cards and other loans: $approx $150
??Other expenses: $

Q: Hey viewpoint1381-- Do you know what the 2 inquiries in the last six months are about? Thanks and good luck with your listing. - bondhedger

A: Yes. My car ended up dying and I had to purchase another vehicle. I shopped around first, so they had to run my credit. (Oct-05-2009)

Q: Please explain the 21 delinquencies. - SweatyBalls

A: When I lost my job due to budget cuts, I lost the means to pay all of my bills on time, as being a single parent for as long as I was, I never saved any money. My money habits have changed drastically now and I am so much more careful about everything I do. (Oct-13-2009)

Cheap Work Truck

Purpose of loan:
This loan will be used to? I need a truck used for business to transport supplies and boxes that will not fit in my day to day car.

My financial situation:
I am a good candidate for this loan because?
I have multiple jobs.
?3 years at my full time job at Coca Cola doing?Inventory Control.
and a home based business that makes me aprox 30,000 extra each?year.?
Repaying the loan wouldn't be a problem for me at all.
This is my second prosper loan for a cheap work truck and I have paid off the other loan in full a year and a half early.
No credit card debt and plenty of assets.
710 credit score, may have dropped a bit because I just purchased a home (mutiple credit report reviews) and my new house payment is less than my rent was. i prefer to make payments but could buy the truck with cash today. Just moved into the new house and enjoy doing prosper loans! Prosper stored my information from 2 years ago and used my old credit score (it was lower 2 years ago) so I will only be accepting this loan if the rate is 15% or less.
Thank You!


Monthly net income: $ 4,500
Monthly expenses: $
??Housing: $ 700.00
??Insurance: $ 100.00
??Car expenses: $?260.00
??Utilities: $ 150.00
??Phone, cable, internet: $?100.00
??Food, entertainment: $ 100.00
??Clothing, household expenses $ 0.00
??Credit cards and other loans: $?0.00
??Other expenses: $ 50.00

Q: Is it still your plan to only accept this loan if the rate is 15% or less? Thanks. - reflective-rupee

A: Yes, within reason. Thanks (Oct-15-2009)

Expand our personalization company

Purpose of loan:
This loan will be used to purchase a laser mechaine that will expand our cabalities as a monograming and personalization company.??I already have a clientele base with requests for laser engraved mechandise. We are putting 20% down on th purchase price and requesting this loan to cover the rest of the cost.

My financial situation:
Though we could get this laser through an equipment lease, we plan to pay the total laser equipment loan off within the next 12 months.

Q: Are you purchasing a new machine or refurbished machine? and 2) what size machine do you expect to purchase. With this loan; will the monies be towards the lease program or purchase? please post on line. - RejhRon

A: Thank you for your intrest, the laser machine I am considering is new, the laser table size is 24X18, and the loan would be used to purchase the machine. (Sep-25-2009)

Q: How long has your company been in business? How many full-time employees do you have? - natural-rate

A: Thank you for your interst, the company is one year old and I am the only employee. (Sep-25-2009)

Q: are you related to MrUSC who has a nearly identical listing? - TheLenderYouWantBiddingForYou

A: Thank you for your interest, yes we are related. (Oct-02-2009)