Debt Consolidation

Purpose of loan:
I intend to utilize the loan to pay off some of my other high interest credit card loans. I see the starting rate does not seem to be on the higher side but I would like to see if this can get bid down to a rate which I like.

My financial situation:
I have been employed for over 11 years in the IT without any gaps. We are a family of three people and have sufficient cashflow to service our debt. At this point we are looking for a loan to lower our payments on credit card and turn it into a fixed monthly payment.

Monthly net income: $6000

Monthly expenses: $4500
??Housing: $1800
??Insurance: $250
??Car expenses: $600(Including commuting and car payments)
??Utilities: $300
??Phone, cable, internet: $250
??Food, entertainment: $1000
??Clothing, household expenses $500
??Credit cards and other loans: $500
??Other expenses: $

PAY OFF CREDIT CARDS AND SOME HOME

Purpose of loan:
This loan will be used to?

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

Q: I thiink you would have a better chance for ffunding if you would tell us a bt more about what you do for that 100K+ , what home improvements you are planning, something about your expenses, etc.. - cclady

A: I AM A RETIRED NYC DETECTIVE COLLECTING A PENSION OF 50K AND WORK FULL TIME AS A CHAUFFER 52K.. NEED TO CHANGE HEATING SYSTEM IN HOUSE FROM OIL TO GAS. (Dec-08-2010)

Q: What is the public record? Is it a bankruptcy? What are the details of the bankruptcy filing? - jpblan11

A: it was chapter 7 bankruptcy which was discharged in 02/04. (Dec-14-2010)

Q: What the balances and interest rates you are currently paying on each card? - jpblan11

A: 18.24% and balance is $ 6500.00 and my wife's credit card is 15% and a approximate balance of $3500.00 (Dec-14-2010)

New Product Launch

Purpose of loan:

I have taken a very popular food product and had a food scientist reformulate it into a much healthier, higher quality product. It is a phenomenal product that will be marketed through major food stores and fundraisers. I have purchase orders awaiting production. The purpose of this loan is to finish getting ready for market. I have invested thousands of dollars of my own money in product formulation by a food scientist thus far and will use proceeds from this loan for shelf life testing, USDA approval, labels and marketing.?This loan?will help?insure I can finish in time for my spring deadline, it is important to keep the momentum going and nothing is worse than being short funded. Spring is when churches and schools really ramp up fundraising and this market will give me a strong foundation to continue forward.

My financial situation:
I am a good candidate for this loan because?
The only purpose of this loan is to propel my business forward so it makes sense to me to borrow under these circumstances.?

Monthly net income: $ 6200.00 actually a bit more, I am a golf pro so I teach when I can.

Monthly expenses: $
??Housing: $?0?
??Insurance: $ 240.00
??Car expenses: $ 300.00
??Utilities: $ 175.00
??Phone, cable, internet: $ 250.00
??Food, entertainment: $ 600.00
??Clothing, household expenses $ 300.00
??Credit cards and other loans: $ 150.00
??Other expenses: $ 200.00

paying off my credit cards

Purpose of loan:
This loan will be used to? help pay off my credit cards and get me back to "sqaure one."

My financial situation:
I am a good candidate for this loan because? I am responsible, I work hard (held two full-time jobs for two years until a recent promotion allowed me to leave one), and I know I will not have a problem making monthly payments.

Monthly net income: $ 2500

Monthly expenses: $
??Housing: $ 920????
??Insurance: $?389
??Car expenses: $?420?
??Utilities: $?70
??Phone, cable, internet: $50?
??Food, entertainment: $ 200
??Clothing, household expenses $0
??Credit cards and other loans: $ 300
??Other expenses: $ 100

paying my daughters bills

Purpose of loan:
This loan will be used to?
to held my daughter get out of debt so she can give her kids a good christmas
My financial situation:
I am a good candidate for this loan because?
im a registered nurse i work as much over time as i can and i never late on paying my bills
Monthly net income: $
5000
Monthly expenses: $
??Housing: $300??Insurance: $ 115
??Car expenses: $ 375
??Utilities: $ pd by landlord
??Phone, cable, internet: $ 80
??Food, entertainment: $ 500
??Clothing, household expenses $ 100
??Credit cards and other loans: $ 90
??Other expenses: $ 70

Q: What interest rate or range are you seeking? What is the rate on the debt you are replacing ? - pioneer580

A: 8 to 14 percent is the interest rate i would like.. 370.71 annual percentage rate is the debt im replacing (Dec-11-2010)

Q: Did you REALLY mean 370 percent? or was that the amount of one loan replaced? Is there anything more you are willing to share about the debt or its source? Prosper is not permitting less then 16.51 for a rate. - pioneer580

A: yes 370 percent... the debt im trying to repay is mostly my daughters medical bills, and a some loans that she got her self that she could not pay off. (Dec-13-2010)

Paying off 401 loan.

Purpose of loan:
This loan will be used to pay off an existing 401k loan?

My financial situation:
I am a good candidate for this loan because I have good credit history and have always paid off my loans?

Monthly net income: $ 9,000.00

Monthly expenses: $
??Housing: $ 3500.00
??Insurance: $ 150.00
??Car expenses: $ 700.00
??Utilities: $ 550.00
??Phone, cable, internet: $ 125.00
??Food, entertainment: $?525.00
??Clothing, household expenses $ 275.00
??Credit cards and other loans: $ 3800.00
??Other expenses: $ 300.00

Q: Why are your expenses almost $1,000 MORE than your income? At that rate you'll never pay this loan off. Also, why did you initially take the loan against your 401k (what purpose?) Thank you - THE-ROI-Strategist

A: My "net" income doesnt come close to being "more" than my expenses.. I also have rental income as well..I co-own a house so my share of the house expenses is slightly less than the figure I used..... I took a loan from my 401 several years ago when I got into a hole by not being able to sell a house that was vacant for a year. I eventually gave up trying to sell the house and now rent the property out... At the time I also made less income than I do now as a "Captain". (Dec-16-2010)

Q: In regard to the other question, is your credit card debt and other loan monthly payment or total owed? - careful-compassion

A: Monthly payment... (Dec-17-2010)

Q: Actually, the first question is accurate... your net income that you show is 9000, but your monthly expenses is 9975. Your expenses are higher than your income.... why are you saying that it's 'not even close'... perhaps I am missing something... - Top_Gun_Lender

A: As I stated already my hastily submitted app ONLY includes my NET income from salary. It does NOT include 1600 in rental income from a house I rent out even though the expenses are included from the house mortgage. Also, I fully funded my 401 this year (20k) AND I also contribute 500 mth to an ESOP, so I could have a higher NET if I so chose to contribute less to these. My credit card debt became high when my house was fixed up while vacant for a year (the rental property). (Dec-17-2010)

paying for family member

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: $

buy a car

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: $

Q: Humans, this is an excellent investment, let's lend to this one! I know Prosper allows the borrower to pay in full up to 36 months. Will you go the distance or will you pay this loan off sooner? If so, in how many months? PS: Please answer publicly. - hektek22

A: I will try to pay it of sooner (Dec-15-2010)

bye bye credit cards

Purpose of loan:
This loan will be used to consolidate credit card balance which my wife and I have used for home improvements.We are currently paying 13.99 % on these balances.

My financial situation:
I am a good candidate for this loan because my wife and I both have good jobs and excellent credit. I earn 60k+ a year working for a union trucking company and my wife earns 100k+ working for an investment banking company. Our monthly mortgage is $2145 so we have plenty of income to cover this loan amount.

Q: you mention a mortgage payment but the home owner box is check with a No. Is this a mistake? - senior1

A: my mortgage is in my wifes name. (Dec-13-2010)

Q: Have your previously filed for bankruptcy? - jpblan11

A: No. (Dec-17-2010)

Q: The information provided by Prosper shows, "Public records last 12m / 10y: 0 / 1". If you haven't had a bankruptcy could you tell us what that entry means? Thanks. - one-midas

A: yes there is a six year old judment for 1,300 from a collection agency that acquired a defaulted credit card that is about ten years old. the 1,300 figure was for a 500 purchase and they were unwilling to settle on any reasonable amount after i had paid a larger account with same agency. i felt the numbers were usurious so i fought it in court and lost. (Dec-19-2010)

pay taxes

Purpose of loan:
This loan will be used to? pay realestate taxes??? on my rental houses and pay off my current prosper loan

My financial situation:
I am a good candidate for this loan because? never been late paying bills and have a current prosper loan that i will pay off this loan will pay a payment less than my currant prosper loan

Monthly net income: $ 3500

Monthly expenses: $
??Housing: $ 200
??Insurance: $ 256
??Car expenses: $
??Utilities: $ 123
??Phone, cable, internet: $ 56
??Food, entertainment: $ 123
??Clothing, household expenses $ 125
??Credit cards and other loans: $
??Other expenses: $

Q: On your budget you list nothing for credit card expenses but your revolving credit balance is listed as $33,234. Do you make no payments on that debt? - Slapshot

A: that is a debt from my bussniess payments are made from my bussniess acount witch is 3000 a month income from my bussniess is anouther 2000 a month not included (Dec-18-2010)

holiday loan for family

Purpose of loan:
This loan will be used to? help purchase gifts for christmas for family.?? prior major repair to car drained savings several months ago

My financial situation:
I am a good candidate for this loan because? i am a disabled, retired postal worker on full disability, recieve 100% wages for life

Monthly net income: $ 4500

Monthly expenses: $
??Housing: $ 0
??Insurance: $ 200
??Car expenses: $ 400
??Utilities: $?300
??Phone, cable, internet: $ 150
??Food, entertainment: $ 600
??Clothing, household expenses $ 200
??Credit cards and other loans: $ 1500
??Other expenses: $ 500

Q: Please explain your high revolving debt. What are the components of this (home equity line of credit, credit cards, etc)? Thanks and best wishes. - reflective-rupee

A: we got 2 line of equity to repair and upgrade the house my wife recieved from her mother when she passed away. we are paying off one in 3 years and the other in 7 (Dec-16-2010)

Paying off my credit cards

Purpose of loan:
This loan will be used to consolidate and pay off credit cards.

My financial situation:
I am a good candidate for this loan because I always believe in making payments on time and often more then the minimum amount due. Due to situations beyond my control I was forced to file bankruptcy and was discharged in 2008, Since that time I have worked hard to always make payments on time and build my credit scores back up.

Monthly net income: $ $2,1000.00

Monthly expenses: $1884
??Housing: $881.00
??Insurance: $48.00
??Car expenses: $75.00
??Utilities: $150.00
??Phone, cable, internet: $80.00
??Food, entertainment: $200.00
??Clothing, household expenses $100.00
??Credit cards and other loans: $250.00
??Other expenses: $100.00

Q: Your HR credit is a concern, but I am bidding on YOU. I think you deserve a chance! All I ask is that you make sure this prosper loan gets paid. I am NOT a bank, I am a REAL person putting faith in you, So please don?t let me down! - I-Believe-In-You

A: First off I would like to say thank you!! I would like to explain the HR credit to hope ease your mind. I was forced into bankruptcy in 2008 due to divorce. I had taken over a large debt from my ex-wife prior to her leaving and since it was in only my name she didn't have to pay me. I do own my home even though it doesn't show on my credit report any longer due to the divorce. I will always make payments on time and more then the minimum until fully paid off. (Dec-20-2010)

Need help :(

Purpose of loan:
This loan will be used to pay to fix my mustang.

My financial situation:
I am a good candidate for this loan because I have no bills, I have a good credit score, I make very good money at my job. I really need this loan, I have no vehicle to go anywhere, I have to rely on other people to drive me places. I also have about $50,000 worth of liquid assets.

Monthly net income: $2000

Monthly expenses: $
??Housing: $0
??Insurance: $0
??Car expenses: $0
??Utilities: $0
??Phone, cable, internet: $0
??Food, entertainment: $250
??Clothing, household expenses $0
??Credit cards and other loans: $125
??Other expenses: $0

Q: If you have 50k in liquid assets, why not take a little bit of money from there to fix your car? - dime-futurist

A: It is my personal coin collection which I have acquired over the years, I'm not going to sell something that I can't replace if I can just get a loan. Replacing any one of these coins will be impossible. (Dec-19-2010)