2nd Prosper Loan, incidentals

As a prosper lender myself, I know what it is like to put my money behind something that people beleive in.? Unfortunately, some of my investments turned into charity.? I assure you, this loan is not a charitable contribution.? Nor is this loan a high risk high return endeavor.? If you are looking for a safe bet at a modest interest rate, then this is the loan you are looking for.? I have not decided what I am going to use this money for.? I do know that prosper is offering an excellent rate on a personal loan, and I would be foolish not to take advantage of it.? This money may very well be reinvested into some higher risk loans, used to pay off higher interest loans, or to purchase some furniture to fill my empty house.

A newer more economical car

Purpose of loan:
This loan will be used to purchase a used car.? I currently have a mid size car that is completely paid for, but it is at 150,000 miles.? I would like to buy a smaller more economical car.?

My financial situation:
I am a good candidate for this loan because I have been employed with my job for over 15 years.? I previously had credit problems due to divorce, but as you can see I have worked hard to get the credit score up and I almost have my first prosper loan paid in full.?

Monthly net income: $ 4400

Monthly expenses: $
??Housing: $ 2050.00
??Insurance: $?75.00
??Car expenses: $ 100.00
??Utilities: $ 100.00
??Phone, cable, internet: $ 200.00
??Food, entertainment: $ 400.00
?Credit cards and other loans: $ 180.00

Q: What are your jobs? Why did you have late payment on Prosper's loan? Were all delinquencies and public records resulted from divorce?? Do you own your house? Thanks, - p2ploan-sensation211

A: I am a government employee, I have worked for the same agency for 16 years. The prosper late payment was because I had a problem when I changed my direct deposit, my paycheck was returned because I had closed the account and had to wait for the pay to be reissued. Yes, all the public records and deliquencies were a result of the divorce, I have not had another since then. I do own my house. Thank you for the oppurtunity to answer your questions. (Sep-15-2010)

Q: Are you planning on paying off the current prosper loan with this money also? Are you buying a used car? Or is this going to be the down payment on a new car? What car are you thinking about getting? - Kennfusion

A: I will be paying off the current Prosper loan. I am buying a used 2008 Volkswagen Jetta from a lady who is older and no longer able to drive. I will be using money I have saved, the proceeds from the sale of my car (already sold) and the prosper loan to pay the car in full. (Sep-17-2010)

Tires for car and trip to Texas

Our financial situation:
We are good candidates for this loan because our existing Prosper loan payment record is perfect, and our net income has just increased substantially, now that my wife and I are both eligible for and receiving social security benefits. In addition to the net income stated below, we anticipate about $3500 to $4500 in business income for 2011, but we are not including this our stated income because it is necessarily unpredictable.

We will use this loan to get tires for our car and to go visit our grandchildren in Texas.

Monthly net income: $ 4214.92

Monthly expenses: $ 3200.00
Housing: $ 735.00 (taxes and house insurance included)
Insurance: $ 75.00 (car insurance)
Car expenses: $ 500 (includes car loan)
Utilities: $ 195.00
Phone, cable, internet: $ 250.00
Food, entertainment: $ 500.00
Clothing, household expenses $ 150.00
Credit cards and other loans: $ 595
Other expenses: $ 200 (miscellaneous)

Paying Off Old Bills/Car Repairs

Purpose of loan:
This loan will be used to pay off some bills, make car repairs and home repairs.

My financial situation:
I am a good candidate for this loan because despite previous payment delinquencies?owing?to matters stemming from?the end of a?10 year personal?relationship,? I have made a concerted effort over the past few years to make sure my bills have been?paid on time and have slowly raised my credit score.? I take my payement obligations very seriously.? Granting this loan will help me further demonstrate my ability to pay back funds in a timely fashion and assist me with with paying off some outstanding bills, making needed car repairs and home repairs.?

Monthly net income: $4500.00

Monthly expenses: $
??Housing: $1200
??Insurance: $65.00
??Car expenses: $ 383.00
??Utilities: $ 120.00
??Phone, cable, internet: $45.00
??Food, entertainment: $400.00
??Clothing, household expenses $100.00
??Credit cards and other loans: $ 350.00
??Other expenses: $

Making one payment instead of six

Looking to pay off several small bills. This would benefit my family by lowering the number of payments I have. As you can see in my profile I have only improved my credit and payed prosper on time everytime. Thank you to all the people that lend you are what makes prosper rock!!!!!!!

2nd Time Borrower-Debt Cons

Purpose of loan:In January of this year I lost 20% of my income and in April I was ultimately laid off.In July I obtained a job at the world?s largest wood products manufacturing company as a worker?s comp claims assistant.During those months it was hard to keep our heads above water with our normal bills, let alone the numerous little things that went wrong such as having to repair both vehicles ($1,800), incurring 2 vet bills, horse and dog ($900) and my mom got into a major car accident and was hospitalized out of town for a week ($600).Due to these numerous things we had to take out some small personal loans to make ends meet.I would also like to pay off the outstanding medical bills that we have been making monthly on from last year ($700). After 60 days of new employment we are now ready to consolidate all those loans into one loan payment and make a fresh financial start with my new job.?
My financial situation:
We are a good candidate for another prosper loan because we have had 2 prosper loans, a $6,500 loan that will be paid off this month, with no late payments and a $2,500 loan that will be paid off next month with no late payments.?? We had a Ch 13 bankruptcy we filed in 2002 and paid off in 2006 that has still messed up our credit that still shows some are delinquent but zero balances.??You will see that we have presently we have a rather small debt to income level and?since our bankruptcy we have not had any late payments.? My husband has worked at Swanson Group for 15 years and I have had steady employment for 13 years, minus the uncontrollable layoff.? We are working hard to raise our 2 children.?

Monthly net income: $ 4,480

Monthly expenses: $3,788
??Housing: $2,250.00
??Insurance: $88.00
??Car expenses: $200.00
??Utilities: $200.00
??Phone, cable, internet: $300.00 ?
??Food, entertainment: $400.00
??Clothing, household expenses $100.00
??Credit cards and other loans: $150.00 (After?Oct when both prospers paid off)?
??Other expenses: $100.00

Q: What are the interest rates, balances, and monthly payments on the debts you want to pay off? I'm concerned that your Prosper loan would actually have a higher interest rate than some of the debts you plan to pay. - Barrayaran

A: I appreciate your concern. The debts that we are trying to payoff are actually loans of money we borrowed from a friend and a family member that we agreed to pay back as soon as I had steady employment again, therefore they have no interest rate or monthly payments, it is our honor on the line. We had car mishaps, vet bills and had to borrow some money in order for me to spend a week with my mom while she was in the hospital after a bad car accident. (Sep-17-2010)

Credit Card Consolidation

Hi I am looking for a credit card consolidation loan. I am a returning prosper borrower that has never missed a payment. I have excellent credit and would never do anything to change that. Looking to get rid of credit card debt once and for all. Between my wife and I our income is around 4500.00 per month and can more than meet the obligations of this loan. Thanks for your consideration!

Wedding Expense

Purpose of loan:
This loan will be used to cover expenses related to my wedding.

My financial situation:
I am a good candidate for this loan because I have stable career with little or no debts. I can therefore repay this loan under the terms proposed by or before the term limits.

Monthly net income: $5,000????????

Monthly expenses: $1,500
??Housing: $
??Insurance: $?100??
? Car expenses: $ 200?
??Utilities: $ 300
??Phone, cable, internet: $ 200
??Food, entertainment: $ 300
??Clothing, household expenses $ 100
??Credit cards and other loans: $ 100
??Other expenses: $ 200

Q: Hi there. could you explain the delinquencies in the last 7 years? No housing expenses? Thanks and good luck with this loan. - green-rapid-openness

A: The delinquencies were associated with credit cards I had coming out of college. Graduated into a tough job market and went behind on the bills. All of the delinquencies have since been paid off and have kept low revolving credit ever since. Own home with no mortgage although in retrospect, I do have property taxes, which come out to about $300/mth. (Sep-20-2010)

Continuing to Pay Down Debt

Purpose of loan:
This loan will be used to continue to pay down debt, a process that was started with our first Prosper loan, which we recently paid off in a successful fashion. We take repayment to Prosper lenders very seriously -- you are real people, just like us, and we know the risk involved in loaning money to Prosper borrowers with HR ratings.? However, we will not let you down and, just as we did with our first loan, we will continue to make all monthly payments?via electronic?bank debit?to Prosper -- on time, as promised.

My financial situation:
I am a good candidate for this loan because, as mentioned above,?I recently completed payment on our first Prosper Loan, a $10,000 transaction that we paid on time, as promised... never late. Our monthly payment was $420.00, which is larger than the amount we would pay on our current listing should it be funded. As a result, investors can be confident we have the proposed monthly payment factored into our expenses, and, if we are funded, will continue to meet all our Prosper financial obligations via electronic debits, on time, as promised. Admittedly, our credit score is not perfect, but that was the result of problems we experienced prior to joining Prosper three years ago. Since then, our score has slowly but surely risen, and we'd like to see that trend continue -- something we feel we can accomplish through the frugal use of another Prosper loan.

Note to Investors: We submitted another listing before that was funded (#474885) but was cancelled during verification due to my stated income being listed incorrectly. My income was listed at 100k-plus (which it had been for my first successful listing) and hadn't adjusted to my new income, which is now 90k-plus. I reported this to Prosper when they called to verify my info after the loan funded successfully for #474885 and they, sadly, cancelled our listing (I had thought it was okay to include my wife's income in the total, which, unfortunately, it is not). This is a minor setback (hopefully) -- we are re-listing, now with the proper income info listed, and continue to have the funds available to repay this loan should it be funded (besides my 90k-plus income, my wife brings in 50k-plus annually, which is combined with my income to pay our bills). So, respectfully, I am asking anyone who bid on #474885 to once again bid on this listing -- we are the same people with the same determination to drive down our debt.
Monthly net income: $ 8,000

Monthly expenses: $
??Housing: $3100.00
??Insurance: $450.00
??Car expenses: $245.00
??Utilities: $120.00
??Phone, cable, internet: $200.00
??Food, entertainment: $150.00
??Clothing, household expenses $100.00
??Credit cards and other loans: $500.00 (this includes budgeting for our Prosper loan)
??Other expenses: $100.00

Business Expansion Loan

Purpose of loan:
This loan will be used to expand my business.??I have a day job at a major defense contractor but I have been building a business for the past 3 years.? 2010 year to date sales $250K.? Another $95K sales on the books for shipment in 2010.? To this point, I have been totally self funding the business.? However, it would be very helpful to add one piece of equipment now to increase my profits.?

My financial situation:
I am a good candidate for this loan because of my income level.? (2009 income was $93K).? The reason that I am seeking a loan through Prosper is due to the fact that I am in year 4 of my?5 year Chapter 13 bankruptcy repayment plan.? I had to file for 13 CH in 2007 due to an excessive debt load caused by a gradual buildup of debt over 10 years coupled with?a few?employment gaps.? I have a very stable job and am proceeding well on my?way to completing the Ch 13 in?another 1 1/2 years.? I can easily repay the loan with my personal income alone.

This loan request is to fund my business expansion.?I?have a separate corporate structure?(necessary due to the bankruptcy) for my business that I have been developing over the past 3 years.??Sales for this year have been over $250K year to date.? I have been very careful to manage the cash flow and make the business self funding since?obtain a loan with my personal situation would be impossible through traditional sources.??The business has?good D&B ratings.??Several steps of the process are outsourced.? With the additional equipment, I could keep more of the work inside and make more money.? The equipment would pay for itseld in 3-4 months.?

Household Monthly net income: $ 7500 (after taxes and all withholdings - including spouse)
Household AGI in 2009 was $137K

Monthly expenses: $ 6000
??Housing: $ 2120
? Chapter 13 Payment:? $1000
??Insurance: $?250
??Car expenses: $ 400
??Utilities: $ 500
??Everything else:? $ 1730

Paying Off Debt

Purpose of loan:
This loan will be used to?pay off all debt

My financial situation:My husband and I bought a house 3 years ago, and I made some financial mistakes to do some remodeling.
I am a good candidate for this loan because?I work full-time, and I like to pay my bills. I have worked really hard to get my credit score in the 700s, and would like to keep it that way

Monthly net income: $2500

Monthly expenses: $2300
??Housing: $1500 (this includes my half of the mortgage and other household bills).
??Life Insurance: $26.08
??Food, entertainment: $ 50
??Clothing, household expenses $ 150
??Credit cards and other loans: $442.00
??Other expenses: $ 142.06

Pay off Truck for Private Sale

Purpose of loan:
This loan will be used to?

As with my previous loan the main purpose of this loan is to establish a prosper borrower history.

The other reason is to pay off my truck. (2005 F-150 Supercrew 4x4 Lariat)? I owe $5,500 on this truck and would like to have the title free and clear so I can sell this truck on private sale for more money.? The truck is worth $14k-19k and I will be able to pull out the 10 grand equity in it and use to buy a car with better gas mileage.

I have enough in savings to pay off this loan.?

My financial situation:
I am a good candidate for this loan because?

I have AA credit rating and near perfect credit.? I take credit and the prosper marketplace seriously.? I see a future in peer to peer lending and understand that a history of successful credit here will be valuable.?

My monthly truck payment will be the same as this loan $180 a month so this will replace that.

As a side note;? ?I have 117 loans as a prosper lender and understand who is being helped when loans are repaid.