Listing Profile Bid History Loan History
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Listing Title


Loan Information
Loan Status: Paid Origination Date: 2006-08-23 Payments Made: 27 of 36 Total Payments: $12400.20 / $12000.00

Listing Summary

  

Borrower Info
Requested Amount: $12000.00
Lender Rate: 22.00%
Automatic Funding: Yes
Percent Funded: 100%
Monthly Payment: $458.29
 
Borrower: tim_maliyil
Location: MA
Group: creditrecovery
Group Fee: 0.00%

Credit Profile
Credit Grade: E Homeowner: No Account Verified: Yes Debt To Income: 6%

Extended Credit Data
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Listing Description
Hello Prosper Community,

I own a small yet prosperous and growing software business.  I'm looking to refinance some expensive business debt that we've incurred over the past year with a loan through the Prosper network.Since the business was less that five years-old, and I'm under 30, the banks charged us high rates and made many inquiries on my credit to get these loans.  Sometimes it turned into real work to get the financing for the business.

Fortunately, the work paid off and the business continues to grow.  I'd love to continue to grow the business with financing from individual lenders instead of the banks as we enter our fifth year of business.  The first step is to refinance existing debt to much more reasonable rates.My personal and business credit are both very strong. 

My credit grade on Prosper was affected by the numerous inquiries made by the banks for business loans.You can find out more about my company and our exciting developments by visiting http://www.dataguardsystems.com

Thank you,
Tim