Listing Profile Bid History Loan History
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Listing Title


Loan Information
Loan Status: Defaulted (Bankruptcy) Origination Date: 2006-11-29 Payments Made: 6 of 36 Total Payments: $872.79 / $3500.00

Listing Summary

  

Borrower Info
Requested Amount: $3500.00
Lender Rate: 27.00%
Automatic Funding: Yes
Percent Funded: 100%
Monthly Payment: $146.67
 
Borrower: sturner698
Location: GA
Group: HardMoney
Group Fee: 2.00%

Credit Profile
Credit Grade: HR Homeowner: Yes Account Verified: Yes Debt To Income: 20%

Extended Credit Data
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Listing Description
Hello my wife and I have been at this for a while, but I am sure someone will come through for us.  As you see my wife sturner6982 on prosper was fully funded for her loan, but prosper said they could not use bank statements to verify funds.  She is a State Certified In Home Daycare provider.  Which means we get pay via checks and Money Orders and deposit into our bank account.  Which means we have bank statements to show income.  On the other hand me; I have physical checks.  She obviously has the better credit so I tried her first.  We have more then enough funds to pay the loan.

Actually we are not deliquent with the items as stated for my credit but I was so they are still showing.  And to explain that, I just recently left a low paying job of $11.50 hour to what I make now.  ($35 hour)  So the purpose for the loan is to order product in bulk to make more money for our wholesale electronics business.  We currently order product from China and it takes time to arrive to USA, therefore not allowing us to make the potential that we can.

This is how our income works:Income: 

$35 hour as a police sub contractor for a construction company ($3,000 + monthly)
Extra Income:  $1,000 + monthly from Electronics salesTotal $4,000 - $5,000 for the last couple of months
Expenses:Car $570.00
Houses $1085
Energy $78
Cable/Internet $92
Insurance $182
Cell Phone $54
Gas/Misc/Food $500
Total: ----> $2561.00
Left Over Now: $1,900

Well I know you say why can't you get a loan else where.  Well my credit is bad.  So there fore no money in the world can get you credit.  So this is our opportunity to get it back right.  So join us and help us out.  Help us to get funded.  This loan will be paid back with no problems.  Thank you.  Give us the chance.Also keep in mind Prosper does not have my new income added to the DTI.  So my DTI would be lower.

Attached above is my bank statements for this month and my paystub.  I am a Police contractor for the city of Atlanta on their sewer and water project that is projected to end 2010.  So I will have alot of work for years to come.  The company you see on the check is the company who handles our payroll.  Yes I am a 10-99 employee with this contract as I am a sub-contracted Police Officer.  This is just to show my verified info.  Thank you.