Listing Profile Bid History Loan History

Listing Title


Loan Information
Loan Status: Current Origination Date: 2007-01-19 Payments Made: 23 of 36 Total Payments: $1781.72 / $2000.00

Listing Summary

  

Borrower Info
Requested Amount: $2000.00
Lender Rate: 20.00%
Automatic Funding: No
Percent Funded: 100%
Monthly Payment: $77.42
 
Borrower: homelessserviceprovider
Location: IL
Group: BORROWERSGROUP
Group Fee: 3.00%

Credit Profile
Credit Grade: E Homeowner: No Account Verified: Yes Debt To Income: 21%

Extended Credit Data
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Listing Description
ABOUT ME: I am 40 years old, divorced for just over a year and have a 3 year old child still at home.  I have 2 biological daughters (ages 22 and 23), raised 4 more girls through court guardianship (ages 19, 21, 23 and 23) and have a 3 year old adopted daughter still at home.  Family and community service are very high priority in my life.  I love my work in social services and strive to touch the lives of those I meet in a positive way.  I have been with my current employer for over 4 years and was with the employer before that for more than 7 years.  I am the Executive Director of a social service agency that provides a variety of programs to persons who are homeless, recently incarcerated or HIV+.
 
EXPLANATION OF BAD CREDIT: I have just finished disputing many of the items on my credit report.   I have had some financial difficulties over the years primarily due to lack of health insurance (which I now have), raising 7 children and a variety of financial crisis.  I took a high interest loan to get out from under a very high interest car loan.   I am on the road to financial stability and have established payments with most of my past debtors.  Also, many of the late payments shown on my credit report are not due to an inability to pay but rather being buried with the sometimes overwhelming responsibilities of many children and high demand employment and I simply forgot to make payments.  As a resolution to this issue, all of my bills are set up for recurring payment through my bank account.    I'm asking for a chance to prove myself and get my credit scores back up to where they should be. If you bid on my listing I promise that I will not let you down. Making my payments on time will be my top priority each month, I sincerely promise you that and as you can see from my financial details, I will have the money to do it. If my loan is filled I'll stay active in the Two Millionaires private forum for the life of the loan, to help encourage myself and other Two Millionaires graduates to never let their team down by being late with a payment. I am determined to SUCCEED this time!

WHAT I WILL DO WITH THE MONEY LOANED TO ME: My vehicle is in need of major repair ($780 valve cover gaskets) and I would like to pay off  3 smaller medical bills that I am currently making payments on (not included in financials below).  This would enable me to have my vehicle for work, free up several small payments and will leave me sufficient funds to pay back my Prosper loan.

HERE ARE MY MONTHLY FINANCIAL DETAILS: Net income after payroll deductions from all sources: $ 3232.00
Spouse's Income: $
Total monthly family Income $ 3232.00
Mortgage/Rent: $ 650.00
Phone: $ 40.00
Gas: $ 100.00
Electricity & Water: $ 100.00
Car Loan and Operating Expenses: $ 358.00
Food: $ 300.00
Insurance: $ 130.00
Cable/Internet: $ 90.00
Clothing, expenses for children, etc. $ 50.00
Credit cards and loans that won't be paid off with my Prosper loan: $
Other: $398 medical collection payment
Other:  $ 100.00 medical collection payment 
Other:  $150.00 collection payment 
Other miscellaneous expenses:  $200
I had a student loan that was in deferment, missed the deadline to continue deferment and will make 12 consecutive monthly payments of $105 beginning in February 2007.   ----------------------- 
Total Monthly Expenses : $ 2771
I will have $461 left to make the payments on my Prosper loan and intend to not only pay this loan off but to pay it off early as I continue my journey to financial independence and responsibility.