My loan for a Classic Car purchase

I have saved 8K for a purchase of my dream Car 1975 Triumph TR6. The Plan was to save it all however I have found one that is in complete showrrom condition. So, I need the 4K to buy it now. I am a homeowner with Zero morgage debt and a house valued at approximately 200K. So if you want to make this dream car purchase come true. Bid Now.

Cheers,

new business to give a jump start

Purpose of loan:
This loan will be used to?

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

Monthly net income: $

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

35 Prosper Payment History

We have a plan to be debt free, as you can see by my payment history we are trustworthy, and this new loan is the next step to freedom! And I would rather pay the Prosper lenders who helped me last time than the banksMy monthly take home pay is approximately $778.

New Budget
Tithing $112
Storage 50
Qwest 70
Car Insurance 80
Incedentals 200.00
Money left for Prosper is $266.00We are starting to make real steps to get back on track and I know that Prosper can help us.Thank you,nole1313

Q: No housing expense? or food etc.? could we see total expenses (less tithing). If your app doesn't make, consider a request of $1,000. thank you. good luck - Tono

A: I live with my parents and the rent, etc is in exchange for taking care of them and their house (property, etc); I do occasionaly spend an extra $25 to $50 a month and sometimes nothing extra. Thank you, nole1313 (Oct-14-2010)

Q: I have spoken to borrower. Has plan to get out of debt. Payment history has gotten better every year. Great Payment History! - myutmost

A: Thank you (Oct-16-2010)

Pay Off Debt - Save Some Money!

This is my second Prosper Loan. My first one had all on-time payments if you look at the history.

Purpose of loan:
Payoff high interest credit cards and consolidate to pay them off with this 3 year Prosper loan.
This is my second prosper loan. I successfully paid off my last prosper loan ON TIME.
My financial situation:
The money I use to make the monthly payments on the credit cards will be used to pay Prosper Loan. This loan will help pay off these high interest credit cards sooner and save me hundreds of dollars in interest. I am a good candidate because I pay my bills on time. The only reason my credit score is at 690 instead of higher is the bankruptcy 6 years ago and I had two cars repossessed after my divorce 4 years ago. The two car repossessions are the only delinquent accounts on my credit report.

Monthly net income: $ 3600.00

Monthly expenses: $ 3400.00
??Housing: $ 1050
??Insurance: $ 150
??Car expenses: $400
??Utilities: $ 150
??Phone, cable, internet: $ 250
??Food, entertainment: $ 500
??Clothing, household expenses $ 100
??Credit cards and other loans: $ 350
??Other expenses: $ 450.00 (Childcare)

Q: Can you explain your current delinquencies? Thanks - diversification-maple1

A: As I stated in my listing, it is from the two car repossessions four years ago after my divorce. Everything else is paid every month. (Oct-17-2010)

Q: Why was the loan in August withdrawn? It was fully funded. - minnesotafinancial

A: Address issues. Prosper wouldn't allow me to fund the loan because I couldn't give them a utility bill in my name at the time. (Oct-21-2010)

Remodel Kitchen in Home

Purpose of loan:
This loan will be used to? remodel the kitchen in our house.? Our kitchen is 17 years old.? We would like to upgrade the countertops.

My financial situation:
I am a good candidate for this loan because? I have a good credit score and I pay all of my credit obligations in a very timely manner.? I am a small business owner and some of the debt I have incurred was a resullt of getting started in my business.? Even in these tough economic times my business income increased by 18% in 2009 and about 5% in 2010
Monthly net income: $ 16,000

Monthly expenses: $
??Housing: $ 3000
??Insurance: $ 900
??Car expenses: $ 1500
??Utilities: $ 500
??Phone, cable, internet: $ 800
??Food, entertainment: $ 1200
??Clothing, household expenses $ 500
??Credit cards and other loans: $ 3000
??Other expenses: $ 1500

Really need your help, please

Purpose of loan:
I?m asking for this loan to speed up the payoff of some high-interest credit cards and one last medical expense that have been hanging over my head.? I?ve paid down over half my debt compared to where I started.? It's a good feeling and I?m determined to keep going.? Paying this off sooner rather than later will be such a relief and will allow me to get a good night?s sleep again, but I could use your help in the form of this loan.? Honoring commitments is important to me.? If I?m fortunate enough to get this loan, it will, most likely be paid off ahead of schedule, if permitted, and the monthly payments will be made on time via automatic deduction from my checking account.? It is my hope that my first experience with Prosper lenders is a good one and that I will feel encouraged and be in a better position to help others in need down the road.? The first step is to get 100% funding.? Will you help me, please?

My financial situation:
I am a good candidate for this loan because I have a good, stable job with a good income and a great employer.? I'm hard-working and diligent in everything I set out to do, including paying my bills.

Monthly net income: $ 3,650

Monthly expenses:
??Housing: $ 760
??Insurance: $ 100
??Car expenses: $ 200
??Utilities: $ 85
??Phone, cable, internet: $ 106
??Food, entertainment: $ 200
??Clothing, household expenses $ 100
??Credit cards and other loans: $ 889
??Other expenses: $

Q: 1). do you use budgeting software like Quicken or Mint.com? What is your budgeting strategy to make sure you cover all payments? 2). Have you considered getting bids from friends & family to help get this funded? would improve odds... - on_your_side

A: Yes, I regularly use a monthly budget spreadsheet that I found on a resource called creditboards.com. This tool and others have helped me with budgeting, paying down credit cards efficiently, and to correct wrong info on my credit reports. Using my bank's on-line bill pay system ensures timely payments to creditors. I'd prefer not to seek loan help from friends or family. I've learned from others' advice and experience that personal relationships are healthier when they don't involve loans. (Oct-26-2010)

god willing

Purpose of loan:
This loan will be used to? To fund some of my daughters college expenses????????

My financial situation:
I am a good candidate for this loan because? While I have had a bankruptcy in the past (five years ago as of January) due to a divorce, I have more than sufficient income to repay this loan.? I am hardworking and very honest and dependable.? I work two jobs and have been doing so for the past 4.5 years.? I currently bring home $3300clear per month. while I have not listed it, my wife also brings home $1000 a month.

Monthly net income: $ 3300

Monthly expenses: $
??Housing: $ 550
??Insurance: $ 150
??Car expenses:?500??Utilities: $ 100
??Phone, cable, internet: $ 250
??Food, entertainment: $300??Clothing, household expenses $?200??Credit cards and other loans: $ 350
??Other expenses: $ 300

Paying off debt, consolidating debt

Purpose of loan:
The purpose of this loan is to consolidate current credit card / miscellaneous?debt.

My financial situation:
My financial situation during this time of crisis has been fairly good.? I have managed to cut down on excess spending while slowly increasing the amount I'm putting away in savings.? It's a slow and steady process, and I feel I'm heading in the right direction.

Monthly net income: $2,800 - 3,000

Monthly expenses: $1,995.00
??Housing: $900.00
??Insurance: $100.00
??Car expenses: $295.00
??Utilities: $100.00
??Phone, cable, internet: $100.00?
??Food, entertainment: $300.00
??Clothing, household expenses $100.00
??Credit cards and other loans: $100.00
??Other expenses: None at this time.

Q: What is the interest rate you are paying now? Do you have a target interest rate in mind for this loan? - EntGuy

A: I have two seperate credit cards. One card I pay 24.24% APR, the other is 17.24% APR. The second is not so bad. I would like to get the interest rate of the loan down to 10 - 12%... (Oct-26-2010)

Q: Hi, What products are you selling? Why do you want to borrow more than you owe? Any debts not listed in Prosper? Thanks, - p2ploan-sensation211

A: Hi, very good questions. I sell positive displacement pumps for the environmental field e.g. water treatment plants, waste water treatment plants. Besides my revolving debt, and my car payment, there are no other debts that I owe (or atleast that are not listed on Prosper). What I have left over from the loan will go towards consolidating my wife's debt, which is slightly more than mine. At this time, however, I do not feel comfortable borrowing more than I have asked to pay off her debt... (Oct-26-2010)

Q: Hi, Does your wife work? What are her income & expenses? Why do you have 2 recent inquiries? Thanks, - p2ploan-sensation211

A: Hi, at this moment in time my wife does not work. As for the inquiries, I had to check my credit report to find what the earliest one was. The first (earliest) was for Verizon communications (decided to go and get DSL). The second was when I inquired about a loan through my bank. Everything was good, except they did not like that I have a short credit history (4 - 5 years). They wanted me to wait a little longer and possibly open up another major credit card (I thought they were crazy). (Oct-27-2010)

Q: This loan is at 26+% now and you want 10 or 12 %. As a D borrower that is not likely. Will you create the loan if it closes at the current rate or does it need to be bid down further? Good luck! - mri555

A: Haha, I know. I now understand that the 10-12% is out of my range, but one can still hope! Jokes aside, I am fine if I end up between 20 - 26.50%. I am comfortable with the payment set as it is (with the 26.50%), however the reason I chose not to have an automatic fund was to see whether or not I could get the interest a little lower. So we'll see... Thanks! (Oct-28-2010)

Q: What is the lowest interest rate you are going to accept?. - principal-star

A: See my answer to mri555, thanks! (Oct-28-2010)

Q: Why would you willingly increase your own interest rate by borrowing through Prosper if ultimately the rate doesn't fall below 17%? Why should we invest in someone who believes this is digging out of debt instead of deeper into it? - kappaknight

A: These little boxes are frustrating. I just wrote an entire box full and it did not save...To be short, I am paying off my existing cards and also consolidating my wife's (27%+). What is left over from hers I will pay off with existing funds. This will leave me only with the loan. The payments for the loan are much less than the existing overall card payments, so this will allow me to apply more principal (which I will do) and pay out slightly less interest even if I stick between 20 - 26. (Oct-29-2010)

Consolidating credit card debt

Purpose of loan:
This loan will be used to? consolidate credit card debt. My husband and I own investment rental properties that were vacant for a good portion of last year due to the economy. While they were vacant we used the opportunity to make repairs and improvements. The improvements and lack of rental income led to use of credit to pay utilities and mortgages. These are all rented now, with the exception of one unit that is in the final stages of improvement. We expect to be able to rent this unit out next month. In the meantime, the credit card companies have been increasing interest rates on us, with the claim that they are reviewing all accounts in light of the current economy. So, they are making it more difficult to pay off the debt. I will pay off two credit cards with this loan.

My financial situation:
I am a good candidate for this loan because? I am fully employed at a high-paying job and the rental properties are all rented, with the exception of one unit (1 out 5). I have never defaulted on anything in my life and have a long history of good credit.

Monthly net income: $ 5800

Monthly expenses: $
??Housing: $ 2100
??Insurance: $ 300
??Car expenses: $ 200
??Utilities: $ 250
??Phone, cable, internet: $ 280
??Food, entertainment: $ 500
??Clothing, household expenses $ 100
??Credit cards and other loans: $ 1000
??Other expenses: $ 500

Q: What's the interest rate on the debt you're going to pay off? Thanks. - tuxedo76

A: One card is 28%, the other is 24%. These credit card companies are worse than loan sharks! And, again, it wasn't raised because I was late or missed a payment. It was because they "reviewed the economic landscape" and raised interest rates across accounts. So, even prosper's highest interest rate is lower than what I'm paying now. (Oct-27-2010)

Q: Could you clarify why there are so many closed vs open accounts on your credit report? thanks much. - cellardoor

A: I have had many credit accounts over the years. There are a number of accounts that I had closed (several old store credit cards, etc.) years ago, before I was aware that doing so actually negatively affects your credit rating. They seem to linger on your credit reports for many years, however. (Oct-29-2010)

Q: Hi, When did you buy your rental units? What are their approximate total yearly maintenance fees? Are your revolving credit balances all for the rental units? Does your income include your spouse's? Thanks, - p2ploan-sensation211

A: One set of rentals were purchased in 2007 and the second set purchased in 2008. There are no maintenance fees as these are houses, not condos. Not all of the credit was used for the rental units, but a large portion was. My spouse has been working full time on renovating and managing the rentals. He has been doing most of the renovation work himself and bringing in professionals for work he can't do. (Oct-30-2010)

Livestock Purchase

Purpose of loan:
This loan will be used to?? Buy a couple cow calf pairs.? Raise them up and sell them and pay off the loan.? I have done this a few times.

My financial situation:
I am a good candidate for this loan because? This would be my 3rd loan here. I have never missed a payment.

Q: Would you explain the public record? - Johnab

A: Bankruptcy 8 years ago. Divorce provoked it. I have not missed a payment since. (Oct-26-2010)

Q: How long does it typically take to raise a pair of calves and sell them? - orange-impartial-asset

A: I will sell the cow's in the spring and recoup most of the money. I will keep the calves until Oct or Nov and show a good profit. (Oct-27-2010)

Q: How are you going to raise them? Do you have a piece of land that is big enough for them to walk around freely? Please tell me you will raise them in a humane way. Thanks. - ustfu

A: I raise all my cattle as organically as possible. No feedlot methods. Natural graise land and plenty of hay. As of right now I wont accept the loan. The interest rate is too high, but I am going to watch to see if It gets low enough to make the loan acceptable for me. (Oct-29-2010)

Q: I'm more interested in that can you make the $75 payments/mo. rather that accepting a high interest rate? So far bidding has lowered it 6 pts... I need to know should I loan my money elsewhere if you're going to back out once loan is funded? Thanks - ChoiceInvestments

A: The payment is no problem. I will follow through with the loan if It gets under 20%. It is just a mental block I have. I cant see paying over 20% ever. Like my credit report shows. no late payments and I have never missed a prosper payment. I use the ACH payment method. (Oct-30-2010)

Home Improvement for a cold home!

Purpose of loan:
This loan will be used to install energy-efficient base heaters in three very cold rooms and insulation to keep in the escaping heat. All improvements fall under an energy tax credit.
My financial situation:
I am a good candidate for this loan because?
???? I pay on time and I am in good standing with Prosper. I had and paid off a previous Prosper loan and was never late. I am current with my other financial obligations. I have recently paid off my judgment for one delinquent account, and working to remove the second delinquent, which is an error. My second income is from a work at home job that I have had for over three years that currently nets over $1200 a month on average.
Monthly net income: $ 3220

Monthly expenses: $
??Housing: $ 685
??Insurance: $ 140
??Car expenses: $ 460
??Utilities: $ 150
??Phone, cable, internet: $ 80
??Food, entertainment: $?150
??Clothing, household expenses $ 150
??Credit cards and other loans: $ 750
??Other expenses: $ 100

Surprise motorcycle for husband

Purpose of loan:
Purchase a motorcyle for my husband's 31st birthday.?

My financial situation:
We have never been late on?our mortgage,auto,or credit card payments.? I work at a bank, and was pre-approved through the bank with a 12.99% rate. The issue is that the bike must be a 2004 or newer,and the bike I'm looking at is a 2002.? I have worked at the bank for over 9 years. My husband has been at his job for 6 years. We make plenty of money to repay this small loan. We take our credit very seriously and have risen our scores significantly since we were young adults. We have only one credit card that we use for emergencies and it has a very small balance at the moment.

Monthly net income: $ 4200 approx. Combined Married Income

Monthly expenses: $
??Housing: $ 1304
??Insurance: $ 35
??Car expenses: $ 276
??Utilities: $ 200
??Phone, cable, internet: $ 120
??Food, entertainment: $ 400
??Clothing, household expenses $
??Credit cards and other loans: $ 30.00
??Other expenses: $ 320.00 for child care

Q: Hi, if this loan funds at the current interest rate, would you accept that loan? Thanks and good luck. - interest88

A: Of course I would like for it to be bid down, but I'll be accepting the loan as soon as it gets 100% funded. I am trying to buy a motorcyle from a private seller before he sells it to someone else. Thank You. (Oct-26-2010)

Q: If you accept the loan once it is fully funded then it can't be bid down. So I don't understand the answer to the previous question since you contradict yourself. Wouldn't you be better off to wait until all the bidding is done? - a2190b

A: Sorry, I will clarify. I meant sure, I would like for it to be bid down, but I need to accept the loan once its funded to speed up the process. Didnt mean to confuse anyone. Thanks for any consideration!! (Oct-26-2010)