Listing Profile Bid History Loan History

Listing Title


Loan Information
Loan Status: Defaulted (NAT/Charge-Off) Origination Date: 2007-11-23 Payments Made: 2 of 36 Total Payments: $1713.56 / $25000.00

Listing Summary

  

Borrower Info
Requested Amount: $25000.00
Lender Rate: 14.00%
Automatic Funding: Yes
Percent Funded: 100%
Monthly Payment: $854.44
 
Borrower: rks
Location: CA
Group: (NoGroup)
Group Fee: 0.00%

Credit Profile
Credit Grade: AA Homeowner: No Account Verified: Yes Debt To Income: 0%

Extended Credit Data
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Listing Description
Purpose of loan:
The purpose of this loan is to launch a full on marketing campaign for our new business. We will be providing various forms of help to college students through out the United States. We have been working on this for a period of time and have gotten our website fully operational, our marketing plan in place and ready to go, and have just gotten our consultants in place who will be completing the tutoring, research, typing, etc, which was the last step to be completed before the marketing. We already have a book of clients just from word of mouth since we started working on this. This is a 4.7 billion dollar industry where 70% of the target market doesn't even know it exist. Our goal is to make our presence known to that 70% by actively marketing to them instead of just using word of mouth which is what other companies are doing and have grown quite large using only word of mouth. Personally, this will be my fourth successful company that I have launched. One of my other companies has exceeded 2 million in sales annually since 05, and that company was opened in sept of 04. This is an extremely safe investment, I could go to the bank and get better rates but do not want to hassle with their never ending application process.

The picture is of my son, it is all I had on my computer and I figure he's so cute anyways.

I am a homeowner however the home is in my Fiance's name as that is what we do with all of our personal finances, If you want you can look me up on title with the county, just email me for the address.

My financial situation:

I have never missed a bill in my life and will not ever. I can verify financials but than I would rather just go to the bank and get prime rate.

Monthly net income: $ 20,000+

Monthly expenses: $
  Housing: $ 3000
  Insurance: $ 250
  Car expenses: $ 800
  Utilities: $ 400
  Phone, cable, internet: $ 300
  Food, entertainment: $ 500
  Clothing, household expenses $ 600
  Credit cards and other loans: $ 0
  Other expenses: $ 0