Originally posted by: mjuszczak
Originally posted by: apac
Originally posted by: mjuszczak
Originally posted by: MrMaster
Good luck. Having one of the reasons she is a good candidate being she loves her dog makes me frown.
It's sad that people with just as bad of credit history as her are getting lower interest rates because their picture is of an attractive female (whether it's the real person or not). She is looking for a new start, I've been helping her budget and figure out what she can afford and the best way for her to get out of her 1-month-behind track that she's on now. She's trying to avoid having to sell her house. She loves her dog, it's important to her, so she added it.
You may be a good friend of hers, as I assume based on your defense of each of the points people bring up, but the fact of the matter is that when it comes to lending money anonymously the facts are what count. I don't care if she's attractive, unattractive, loves dogs, or hates dogs. Here is what I see from her prosper profile. She
- has bad credit
- is putting herself further into debt
- has a $7500 monthly income and a 16% debt-to-income ratio, but needs to take a $7500 loan? Something doesn't add up right.
As I mentioned, the $7500 includes her husband and her daughter. Her daughter will only help if need be. Minus the $2000 in her daughter's income and then you have a little less than a $1000/mo left over. Does that make more sense? Should I have her relist the listing with that info?
Also, the first $5000 of the loan will immediately go to her being one month behind in mortgage payments. The rest will go to her credit card to consolidate (she has one credit card that is at a very large interest rate that she just wants to cut up).
I guess the best thing I could do is:
- have her relist down to the $5000 she really needs
- re-explain that the money will be used to catch up on the mortgage and the rest will be to pay down credit cards?