Listing Profile Bid History Loan History
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Listing Title


Loan Information
Loan Status: Defaulted (Delinquency) Origination Date: 2006-08-22 Payments Made: 11 of 36 Total Payments: $1469.58 / $3000.00

Listing Summary

  

Borrower Info
Requested Amount: $3000.00
Lender Rate: 29.00%
Automatic Funding: Yes
Percent Funded: 100%
Monthly Payment: $127.35
 
Borrower: AStorm
Location: AL
Group: creditrecovery
Group Fee: 0.00%

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

Extended Credit Data
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Listing Description
This loan will pay off a predatory high interest loan, purchase an e-commerce website and help buy equipment for my home business.

Last year I had expensive auto repairs. I'm an all-star cheerleader coach, a football mom and a basketball mom. I'm paralyzed without my car. I was denied a loan at my bank for lack of credit history. With nowhere to turn, I went to The Finance Store. They didn't check my credit or anything! They just made a copy of my driver's license, verified my income and gave me $2000.

In 2000, I went on disability. At that time I started a printing business out of my home, to help out and keep me from going nuts. I do OK, but could do better if I had newer equipment and more money to devote to my supplies. I currently use a six-year-old PC, two older HP printers which are slow and not very economical and a Lexmark 3-in-1. Eventually, I need to purchase a T-shirt screen press so that I can do T-shirts in bulk. Before I can do any of that, though, I have to get The Finance Store off my back. I have some funds held back to help with my plan, but I'm nowhere near reaching my goal without Prosper. Baby steps.

I came to Prosper because with my lack of credit history, no one else will approve me for any credit. My rating is NC because I just got rid of the last of the negative items left over from my divorce. While they were on there, I couldn't get credit, so I got into the habit of paying cash. Now it's clean and clear and I can't get credit because I have no history, positive or negative. I can't build credit because no one will extend credit to me and no one will extend credit to me because I have no credit history. Talk about your rock and your hard place!

Here are my stats: My monthly income is $1237. If I get my child support (rare), it's $1737. I don't know how to calculate DTI, but this is how it lines up.

Income................$1237
Rent....................$380
Electric................$146 (Budget Billing)
Food....................$300-350
Gas (for car).........$80
Miscellaneous......$30

I have no extras. We don't have a phone or cable. My children wear school uniforms so I don't often have to buy clothes. My car is paid for. We don't eat out or go to movies. Any extra monies pay admission to basketball games, football games and cheerleading competitions. If it's a good month, we may even get nachos while we're there.

I assure you that I am a responsible person who pays her debts. My income is direct deposited each month and my Prosper loan payment will be direct drafted each month. The much smaller Prosper payment will put $100 back in my wallet each month. I promised that I would not bring shame upon this group and I fully intend to keep that promise. I won't betray your trust in me. Thanks for reading my listing.