Listing Profile Bid History Loan History

Listing Title


Loan Information
Loan Status: Defaulted (NAT/Charge-Off) Origination Date: 2006-12-18 Payments Made: 4 of 36 Total Payments: $1951.88 / $10000.00

Listing Summary

  

Borrower Info
Requested Amount: $10000.00
Lender Rate: 27.75%
Automatic Funding: No
Percent Funded: 100%
Monthly Payment: $412.29
 
Borrower: papatobandc
Location: MO
Group: (NoGroup)
Group Fee: 0.00%

Credit Profile
Credit Grade: E Homeowner: Yes Account Verified: Yes Debt To Income: 8%

Extended Credit Data
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Listing Description
ABOUT ME: 
I am 40 years old, married for 10 years, 2 children ages 5 and 9. I have been working in the Computer Industry for 12 years. 

OF BAD CREDIT: We have always been responsible with our finances but in 2004 our credit scores slipped to E because I was out of work for 8 months from mid 2003-early 2004.  Then  I had to take a job making less money.  Then my wife got seriously ill. But things have improved since because I am back making $20,000 thousand a year more money then my last position.  She and her Doctor agree that she is now able to look for full time work.  

Making our payments on time will be our top priority each month, we sincerely promise you that and we will have the money to do it.

WHAT I WILL DO WITH THE MONEY LOANED TO ME:
This Loan has three purposes:        
Back Taxes:                                            $2000.00                
All outstanding debt except mortgage        $3000.00            


HERE ARE OUR MONTHLY FINANCIAL DETAILS:
Net income after payroll deductions from all sources: $1,200.00 per week 
Spouse's Income: $250.00every 2 weeks
Total monthly family Income $5700.00
Mortgage/Rent: $1200.00
Phone/Cell: $90.00
Electricity & Water: $180.00
Car Operating Expenses: $ 150.00
Food: $ 600.00
Insurance: $ 248.00
Cable/Internet: $ 110.00
Clothing, expenses for children, etc. $ 600.00
Credit cards and loans that won't be paid off with our Prosper loan: (College Loans in deferment 3+ till degree)
Other: $ 1500.00
-----------------------
Total Monthly Expenses : $ 4448.00
I will have $1252.00  left to make the payments on our Prosper loan.

CLOSING REMARKS TO LENDERS: 
We really hope that you can see beyond the credit score and understand that unlike a lot of people with our score and history, things beyond our control lead to what happened and have been working to improve out situation constantly over the last 3 years.