Prosper Lender

Purpose of loan:
I will use this loan to invest in prosper loans and notes. I want to use this loan as a test drive to evaluate the actual return of this investment strategy and see if I move more of my saving into this platform.

My financial situation:
Currently I have $900 in proper notes with a portfolio yield of 12.37% (41%AA, 23%A,14%B,11%C,11%D). I also have a money market account with $3,000 in saving and a securities portfolio with current market value of $6,052.71.

Monthly net income: $ 3,333

Monthly expenses: $ 2,857
??Housing: $ 1375
??Insurance: $ 105
??Car expenses: $ 152
??Utilities: $ 120
??Phone, cable, internet: $ 85
??Food, entertainment: $ 600
??Clothing, household expenses $ 100
??Credit cards and other loans: $ 120
??Other expenses: $ 200

This are my finances, my wife manages her money and she had her share of the mutual expenses (her expenses, income and savings are not included in this listing but we allocate most of her income for saving in long term investment accounts). As you can see I am responsible of the mortgage that is by far or larger expense.

Gynaika has bid a total of $200.00 in winning bids.

taxes/medical

Purpose of loan:
This loan will be used to? pay real estate taxes and consolidate medical bills

My financial situation:
I am a good candidate for this loan because i always pay my debts,on time.

Monthly net income: $ 1700

Monthly expenses: $
??Housing: $ 457
??Insurance: $ 100
??Car expenses: $ 232
??Utilities: $ 180
??Phone, cable, internet: $ 137
??Food, entertainment: $ 100
??Clothing, household expenses $ 50
??Other expenses: $
 

Home Improvement

Purpose of loan:
This loan will be used to? home improvement

My financial situation:
I am a good candidate for this loan because? I am almost done paying my first Prosper Loan, not sure why I am HR grade my credit is much better than last time..my recent inqs are from a new car I purchased this summer. The only reason I was late on my prosper loans was when I switched banks and I had to request twice fro prosper to change my bank info. Also I am a homeowner but my mortgage was recently sold to Wells Fargo and they have yet to report it..it was sold to them on Aug 30th I have owned my home since 2001.

Monthly net income: $ 6500

Monthly expenses: $
??Housing: $ 575
??Insurance: $ 170
??Car expenses: $ 460
??Utilities: $ 250
??Phone, cable, internet: $150
??Food, entertainment: $ 500
??Clothing, household expenses $ 200
??Credit cards and other loans: $ 300
??Other expenses: $ 1000

Deer damage repair

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: $

Paying off my credit cards

Purpose of loan:
This loan will be used to? consolidate debt

My financial situation:
I am a good candidate for this loan because??I have been currently employed at same for over 4 years

Monthly net income: $ 900.00

Monthly expenses: $
??Housing: $ 0
??Insurance: $ 0
??Car expenses: $ 0
??Utilities: $ 0
??Phone, cable, internet: $ 160.000
??Food, entertainment: $ 300.00
??Clothing, household expenses $ 0
??Credit cards and other loans: $ 12,000.00
??Other expenses: $ 0

Q: Hi and best wishes on your listing. How much is the APR on your current 12k of dedts? Why would it be worth replacing them with a loan of 33+% interest? - back-scratchers

A: You know sometimes when you are desperate a person doesn't take time out to think things through but you are absolutely right I just got confirmation that I will be starting a part time job so this with my full time job I am not going to dig myself deeper. I want to thank everyone at Prosper for not trying to push me over the edge like a shady "payday" loan company would. (Nov-15-2010)

My loan for debt consolidation

Purpose of loan:
This loan will be used to?pay off a bounced check where someone didn't cover a check for a job that I completed.

I am a good candidate for this loan because?I have a good payment history and want to continue on that course.

Monthly net income: $ 278.00

Business expenses

Purpose of loan:
This loan will be used to?
To help pay for some business expenses.
My financial situation:
I am a good candidate for this loan because?
My credit is good and my job is stable.
Monthly net income: $
1000
Monthly expenses: $
??Housing: $ 0
??Insurance: $
??Car expenses: $00
??Utilities: $ 0
??Phone, cable, internet: $ 0
??Food, entertainment: $ 0
??Clothing, household expenses $ 0
??Credit cards and other loans: $ 30.00
??Other expenses: $ 0

New Bathroom

Purpose of loan:
Gut 1950s? bathroom and join 2011 with a comfortable bathroom that isn't falling down.


My financial situation:
I? pay off everything full and rarely borrow money, unless rates are extremely favorable. It seems in this economy banks only want to help other banks and not someone with AA credit, so social lending was suggested by a friend on this site to help others make money.


I am a good candidate:
I am a good candidate for this loan because I have sufficient income to cover the monthly payments.? I am financially secure and have sufficient retirement funds to cover, but I'd rather not use 401k proceeds and keep my cash flow spread out over life of the loan.

I have never paid a bill late in my life and pay off all credit cards as if they were charge cards (original amex card).

tomrc has bid a total of $300.00 in winning bids.

Expand My Business to 2nd store

Purpose of loan:
This loan will be used to? This will be a loan for working capital once we get our business open.? We are due to open in Early December and have spent just about all of our cash on the store buildout, and other expenses related to opening a business.? The reason our credit score has taken a hit is because we've thrown everything we had to get the store open to this point.? This loan will be a buffer for inventory and incidentals until the holiday revenue starts kicking in.

My financial situation:
I am a good candidate for this loan because? My wife and I are Veterans, West Point Grads, and business people who believe in paying our debts.?I have over 70 currently active prosper loans, and have been a part of the prosper community for over 3 years now because I believe in this system of people helping people.?? I have had a previous loan with prosper and never missed a payment.? I pay automatically, have a high paying job, in addition to the income from our first store. I recognize that there is a delinquency on my report, it is in dispute and will not be able to be removed until the dispute is settled.

Monthly net income: $ 8435

Monthly expenses: $
??Housing: $ 1400
??Insurance: $?420
??Car expenses: $ 0
??Utilities: $ 400
??Phone, cable, internet: $ 150
??Food, entertainment: $ 600 (4 kids...?? yikes)
??Clothing, household expenses $ 200
??Credit cards and other loans: $ 1500
??Other expenses: $ 800 Charitable giving 1400 (taxes and other)

JGuide has bid a total of $228.98 in winning bids.

"720+ Credit Score, West Point Grad and prior Army Officer! Also a lender with ~ $1.3k invested!"

Q: Thus fr you are planning to have two businesses, one in Georgia and another is Reston, Virginia, is this correct? - jpblan11

A: Yes, We have been in business in VA for 4 years now. The GA business is set to open 1st week of December. Same franchise 2 stores. (Nov-16-2010)

Q: I'm a fellow group member and have bidded on your listing. A few questions for you: 1. How did you pay off your first Prosper loan so early? 2. Do you plan to pay off this loan early? By the way, thank you for your service! - jaesposito

A: The money from the other loan went into a previous business venture that didn't do well. We paid off that loan to be rid of the punishment of remembering. My plan for my family and my business is to eliminate all debt as soon as we can but i dont think it will be to early for investors to make money from this loan. (Nov-18-2010)

Q: Where is your GA business located? I love using your products and would be happy to direct my business your way if you are in Atlanta :) Good luck in your expansion. - Zoomzoom22

A: My GA business is in Dallas, GA. We will be serving the Hiram, Acworth, Cartersville, Douglasville, Kennesaw, Emerson, and Dallas communities. Let me know how I can help you, adn I'll do my best. Email me at ga1199 at dofruit dot com (Nov-18-2010)

Q: Thanks for the response. I'm glad mentioned why you paid off your first loan. But, my original question was how you paid it off. Also, I'd like to understand who runs the operations of the Virginia business (an Edible Arrangements franchise?) - jaesposito

A: In all respect the "How" is personal but we did pay it off and I've told you why... The Edible Arrangements Franchise is very focused on systems. We are able to run our franchises remotely, but we also have managers and very capable staff that run the VA business. :) (Nov-18-2010)

Catch-up Utilities, car note

Purpose of loan:
This loan will be used to? pay off several utilities and car payments that I am behind on.

My financial situation:
I am a good candidate for this loan because?I was carrying?other family members?payments for several months while they were out of work, but they are now employed again.? I will use this loan to pay several utilities and car payments I am behind on.

Monthly net income: $ 3060

Monthly expenses: $?2316
??Housing: $ 120
??Insurance: $ 378
??Car expenses: $550
??Utilities: $ 450
??Phone, cable, internet: $?370
??Food, entertainment: $ 200
??Clothing, household expenses $ 200
??Credit cards and other loans: $ 348
??Other expenses: $

Pay off high interest credit cards

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: $

equipment upgrade

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: $

Pay off credit cards.

Purpose of loan:
To pay off and close the two larger balanced credit cards that I have left. I?ve been paying off and reducing my debt drastically. My goal is to be completely debt free in two years.

My financial situation:
I am a good candidate for this loan because I have always taken full responsibility for what I owe. I am honest, trustworthy, hardworking and reliable. Two prosper loans in the past have helped me out tremendously. These were both fully paid off.

My one public record is for a tax bill from my divorce in 2005. The tax owed that year was the responsibility of my ex-husband as per our divorce agreement. After years with no contact, I was surprised with this bad mark on my credit report. I promptly paid the balance due, but cannot remove the mark from my credit since the return had been filed jointly. Another life lesson learned.

Monthly net income: $ 1740

Monthly expenses : $ 1135
(Living with fianc?, therefore my expenses are vastly reduced)
Auto Insurance/Petrol: $120
Car loan: $260
Cell Phone: $ 55
Food, entertainment: $ 150
Clothing: $150
Credit cards: $ 400

Q: Can you please explain your public record? - principal-sensation

A: Certainly. The public record is for a tax bill from my divorce in 2005. The tax owed that year was the responsibility of my ex-husband as per our divorce agreement. After years with no contact, I get surprised with a bad mark on my credit report. I promptly paid the balance due, but cannot remove the mark from my credit since the return had been filed jointly. (Nov-23-2010)

Q: How are you employed? Thanks - explorer925

A: I've worked in customer service all of my adult life. Currently in retail. (Nov-25-2010)

Q: Also what is the balance and interest rate of the loans you are paying off? - explorer925

A: $3000 with Discover 26.24% & $1000 with Chase currently 0 % - will be 23.24% plus interest on the term in a few months. My debt to income ratio and credit rating displayed here also does not reflect two cards with CFNA & Household, which I've recently paid off and closed. Obviously, I'm not looking to reduce the interest rates. I would rather the interest go to Prosper folks. Plus I?d rather not have the temptation of being able to use credit cards. (Nov-25-2010)

REBUILDING CREDIT

Purpose of loan:
This loan will be used to rebuild my credit and business

My financial situation
very secure

Monthly net income: $ 5000

Monthly expenses: $ 2800
??Housing: $ 800
??Insurance: $ 150
??Car expenses: $ 500
??Utilities: $ 200
??Phone, cable, internet: $ 100
??Food, entertainment: $ 950
??Clothing, household expenses $ 100
??Credit cards and other loans: $ 0
??Other expenses: $ 0