Zensah fuels growth with Lending Club loan

PLR has decided to profile Peer to Peer users on a regular basis. Our first such profile is the athletic-wear company Zensah, which was founded in January 2004 in Tel-Aviv, Israel.

Zensah is a privately held company which develops high-end performance clothing for runners, cyclists, tri-athletes and other serious athletes. They count among their customers MLB and NBA professionals. Their designs feature seamless technology. The name itself comes from the Italian word sensa meaning “without seams” to symbolize athletes without limits.

Zensah took out a loan for $12,250 at 10.59% with Lending Club to fund some growth. They were able to repay the money within six months, despite having been turned down for a conventional business loan by banks.

Ryan Oliver from Zensah says they learned about P2P lending from reading an article about the process, and found Lending Club very easy, and even says his loan was funded within a week. At the time of their Lending Club loan, they had also considered using Prosper.com, but he described the process as “too bureaucratic” and did not proceed with Prosper. He also says he would definitely recommend P2P borrowing for other companies looking to grow—he even says he wishes larger business loans were available—in the $100-$250,000 range.

I asked Ryan if P2P borrowing was part of a larger social media plan, and he replied that it isn’t now, but if they had a dedicated social media plan, it could be a component.

Jessica Ward is a freelance writer based in the Seattle area. Her work can also be seen at www.jessicaward.me

LendingKarma poised to launch at Finovate

**Disclosure: This post has been edited. Since it's original posting, we have been contacted by Lending Karma founders with new information and have adjusted the post accordingly. Changes in bold.


Sometimes I just can’t get enough Karma.

Here’s another “Karma” company that will also be presenting at Finovate 2009 later this month. LendingKarma.com isn’t officially launched yet, but I used Google’s handy cache system to investigate further to see what they’re all about. They appear to be a re-branding of the San Francisco-based company LoanBack.com, which provides a system for generating promissory notes. (LendingKarma.com went live on 4/7/09). LendingKarma is not affiliated wtih Loanback.com, except that LendingKarma's founder was once a founder of LoanBack, but left the company a few years ago. Lending Karma is a compeitor but plans to add additional services in the near future.

I’ve investigated LendingKarma with the SEC and was unable to find a record of them, so I’m presuming the business model remains the same: To provide a system for creating a mutually-agreeable peer-to-peer loan. They offer services to “invite” someone to lend to you, based on the agreement you write up with the assistance of their system. They also provide email reminders to the borrower about payment. Both companies are based in San Francisco.

According to cached LendingKarma.com pages, rates for services vary from $29.95 to $59.95 per year.


In my house, I’ve recently had occasion to write up a simple promissory note for my ten-year-old daughter. I’m happy to loan her a little bit of money (I think the balance owed is $10.00) but I can see that later on in life, I would like to be able to loan her money in greater sums, with understanding the payment expectations. If I were to loan a teen or young adult money for a car or home downpayment, this might be just the product I need.

LendingKarma doesn’t appear to handle the collections but does remind borrowers of a balance owed, and tracks the amount outstanding, which could help manage both parties’ recordkeeping. It also provides a legally-enforceable promissory note. As the old adage goes, “good fences, make good neighbors.” This written agreement is tailored to be specific to the circumstances and may reflect a secured, or unsecured loan. Also, being enforceable could settle a financial dispute without damaging an existing relationship.

Jessica Ward is a freelance writer and blogger based in Seattle, WA. She also blogs at http://www.pennywisefamily.blogspot.com/.

Microfinance: By Children, For Children

My only travels in the developing world thus far are limited to the month I spent in Ethiopia last year. I marveled at the ingenuity of the children—many of whom fended for themselves. When I visited orphanages, I carried with me more than 5,000 “twisting balloons” to make balloon hats and animals for the kids. The rough terrain, rowdy behavior and stray voltage common there was hard on the balloons, and they popped almost instantly.

What surprised me was that the children collected up every last scrap of broken balloon and put them to use. Some made jewelry, some built sling-shots, others took the ends and made hair elastics from them for braids. A balloon micro currency erupted in each building that I visited over the two weeks that my balloon supply held out.

Another thing that I’ve learned from families who have since visited is that the balloon currency still exists in some of the buildings—months later! Children have stashed and preserved balloons (some still intact and un-inflated) for another day.

My mind came back to this scenario when I saw a story today on the Children’s Development Bank (CDB). CDB is a bank run by and for children in India, Afghanistan, Bangladesh and Nepal.

CDB serves the street children of these countries. These kids use their entrepreneurial skills as workers for hire. Because street children are so vulnerable to theft, they rarely amass enough money to make an entrepreneurial move in building their business or education. Instead, they spend what they need to meet their day-to-day needs and spend the rest of their money on small luxuries (Pepsi and chewing gum were the favorites among the street children in Ethiopia).

CDB is solving this problem by providing interest-bearing deposit accounts to children as well as low interest microloans. The novelty of this plan is that the entire business is operated by children. A board of children determine who will receive loans—and they evaluate the credibility and creditworthiness of the child who wants the loan, as well as their intentions. The children on the advisory board also determine membership, eligibility and the size of the loan available as well as interest paid on savings for members of the bank.

Children are encouraged (and do) invest in the bank their daily earnings. They also take loans to improve their education or business services. They can borrow for items such as inventory (many children in Ethiopia had toilet-paper sales businesses) or shoe-shine supplies or any number of other tools to provide their services.

While the process is facilitated by adults with knowledge of finance, recordkeeping and banking, children are the decision-makers.

You can read more about the Children’s Development Bank by visiting their Web site at http://www.childrensdevelopmentbank.org/new.htm.

IMAGE CREDIT: CDB Web Site www.childrensdevelopmentbank.org

Jessica Ward is a freelance writer, blogger and mother of two children. She blogs at www.pennywisefamily.blogspot.com.

Personal finance in a "refreshing" new light

Like mission control for your money, Mint finally puts all of your financial information in one place. And did I mention it’s free?

In less than an hour I was able to link with my sixteen cash, investment and loan accounts to Mint. In just a couple of hours I had classified my previous 90 days of transactions into spending and budget categories.

After that initial investment of time, Mint.com has proved again and again to be well worth the effort. I spend about ten minutes a week classifying the receipts when I put them in the checkbook ledger, and I’ve been able to stick with it.

Once all of my spending was coded into categories, I was able to set up a budget. I could even compare to similar mint.com users (anonymously) with others in my geographic area. Now when I approach my budget cap I receive a (optional) text message to my mobile phone and an email warning.


Three months later, I’ve twice slashed my food budget in half without making a conscious effort to do so. Just knowing what we’re spending helps control costs. Thinking of ordering desert? If you’re an iPhone user, you can take a look at your ‘dining out’ budget on the spot and see if you’re in a place for that splurge.

Mint also continues to get better all the time. Thanks Mint, for adding asset trackers this past week. For those of us whose assets are tied up in real estate equity, cars or concert posters, it’s nice to open Mint.com and see a positive number at the bottom of the sidebar under “net worth.”

Mint.com also offers a feature for those of us that may need to reevaluate our financial choices. The free software is free for a reason. There’s some sponsorship to Mint.com. It’s nicely confined to an extra tab and not forced on you via popups or offensive emails. It looks at your spending and savings habits and suggests products that may be a better fit. Some of these I’m even considering switching to.

Mint's interface is so easy to understand and easy to read that yesterday, when my fourth grader came home and said she'd learned about "good and bad kinds of interest" in math class we opened up Mint for clearer examples of interest at work for and against our family's budget.

If Mint.com is reading, I do have a few suggestions for improvement. However they are so minor that I hesitate to mention here for fear anyone may be discouraged from trying Mint.com for themselves.

In the “spend space” I would like to see an “all spending” category added. I want to see historically how I’ve reduced my spending month-to-month since joining Mint. I know I have, but the charts are psychologically rewarding.

I’d love to see an application that downloaded the value of the stack of savings bonds I have stashed in a safe deposit box. I know that the treasury offers an app online to valuate class EE bonds with the serial numbers. It would be great to be able to store my bond info there too. But don’t bother if I’m the only person who still has bonds.

Who wouldn't love to see an online bill paying option come to Mint one day? I go to mint to see when my credit card bill is due and how much I should pay towards it. It would be really nice to pay it from there.

I recommend Mint.com without reservation, especially for those like me who’ve struggled with maintaining their household budget or tracking their spending. We all know we should—-but it’s easier said than done. Give it a shot—you have nothing to loose. I’m feeling Minty. Are you?

Note: Mint isn't the only player in this business. Wesabe is similar. My review of Wesabe will be on its way to Prosper Lending Review shortly.

Jessica Ward is a freelance writer based in the Seattle area.

Need a p2p loan? Avoid Zopa

I have never considered the possibility I might be denied for a loan - yet it happened today. Only once in my life have I ever missed or been late on a payment (about four years ago I moved and the utility company didn't forward my last bill). I pay off my entire credit card balance every month. I have no debt except a home mortgage. My FICO score is over 700 and Prosper gives me a shiny AA rating.

On this blog I've largely neglected Zopa while writing much more about Prosper, Lending Club, Fynanz and Loanio. So, just for kicks I decided to go through the application process and write about obtaining a loan through Zopa. Imagine my suprise when I got this message.



"For Zopa to work, we can only arrange loans to folks with pretty good credit - a minimum FICO of 640, among other things."

What other things could they be talking about? According to the FAQ you need:

• a minimum credit score (FICO) of 640
• income of $2,000 per month
• and a few years of credit history

Well, I have more than $2,000 per month income and I've got more than a decade of credit history. What else could they want? I found some more requirements on this splash page:

• Miniumum FICO score of 640
• Minimum of 3 years of credit history with at least 5 accounts
• No recent bankruptcies or serious delinquencies
• Stable gross income of at least $2,000/month
• Borrowers utilizing less than 60% of the credit available to them are more likely to be approved for a Zopa loan and at a lower interest rate
• A debt service ratio/debt to income of less than 50% of gross monthly income

Hmmm...no problems with any of these requirements. I sent a note to customer service requesting specific information about why I was declined. I received a vague response, "Since you do have a score above 640 it looks like the application was declined for one of the other reasons." I followed up with a phone call and was told the borrower requirements have changed within the last 30 days.

An email to their media contact was returned undelieverable.

Fearing identity theft or something worse, I logged in and pulled up my credit report. Only one surprise. There is a new item on my credit report - a credit inquiry today for a loan. The only inquiry on my credit report at all. Unlike Prosper and Lending Club, Zopa pulls a "hard" request when you inquire about a loan. I should have read all of the FAQ throughly before requesting a loan. Here's what Zopa has to say about their "hard" inquiry:

"We think it's best if you assume that there will be an impact to your credit score. That means you should only get a quote if you really would be interested in a Zopa Loan."

I would add - you should only request a quote if you have perfect credit and don't mind a hard inquiry on your credit score even if you decide not to obtain a loan through Zopa. Try one of the other p2p lending platforms (like Lending Club) which do not pull a hard inquiry.

Payday loan guidance for borrowers

P2P loans start at $500 for Lending Club and $1000 for Prosper and typically take 2-3 weeks to complete. What if you don't need that much money, need it sooner, or cannot qualify for a P2P loan?

Many people who fall into these categories turn to payday loans. A payday loan (also called paycheck advance, payday advance or cash advance) is a small, short-term loan that is intended to cover a borrower's expenses for a week or two until payday.

Several months ago I found a listing on Prosper where a payday lender was looking for a $25,000 loan to help his business. I was intrigued that a payday lender would be seeking a P2P loan. I exchanged a few emails with him. He defended his business and explained how he is often the only option available to consumers with bad credit.

Many lenders on Prosper who loan to high risk or borrowers with low credit have faced high defaults and negative returns. Critics (including me) have sometimes blamed payday lenders for exploiting people's financial hardship for profit. Some of these payday borrowers ultimately look to consolidate multiple payday loans on Prosper or Lending Club. I wondered if payday lenders have high default rates and expensive collection efforts which require high fees to stay profitable.

According to a study by the FDIC Center for Financial Research, "operating costs lie in the range of advance fees" collected and that, after subtracting fixed operating costs and "unusually high rate of default losses," payday loans "may not necessarily yield extraordinary profits." Perhaps some payday lenders have difficulty producing positive returns after defaults and paying for the administrative overhead to collect outstanding loans.

I was recently contacted by a payday loan company called National Payday that was interested in advertising on PLR. After reviewing the site, I accepted their offer. They currently offer a free payday loan to first time borrowers. If you borrow $200 and pay back the full amount by your next payday there are no charges. Miss the payment, however, and you will be charged 25% of whatever you fail to pay. It is very important with payday loans to pay off the full amount promptly and then build an emergency fund so you do not have to borrow again.

The Federal Trade Commission provides the following guidance to individuals seeking a payday loan:

• When you need credit, shop carefully. Compare offers. Look for the credit offer with the lowest APR - consider a small loan from your credit union or small loan company, an advance on pay from your employer, or a loan from family or friends. A cash advance on a credit card also may be a possibility, but it may have a higher interest rate than your other sources of funds: find out the terms before you decide. Also, a local community-based organization may make small business loans to individuals.


• Compare the APR and the finance charge (which includes loan fees, interest and other types of credit costs) of credit offers to get the lowest cost.


• Ask your creditors for more time to pay your bills. Find out what they will charge for that service - as a late charge, an additional finance charge or a higher interest rate.


• Make a realistic budget, and figure your monthly and daily expenditures. Avoid unnecessary purchases - even small daily items. Their costs add up. Also, build some savings - even small deposits can help - to avoid borrowing for emergencies, unexpected expenses or other items. For example, by putting the amount of the fee that would be paid on a typical $300 payday loan in a savings account for six months, you would have extra dollars available. This can give you a buffer against financial emergencies.


• Find out if you have, or can get, overdraft protection on your checking account. If you are regularly using most or all of the funds in your account and if you make a mistake in your checking (or savings) account ledger or records, overdraft protection can help protect you from further credit problems. Find out the terms of overdraft protection.


• If you need help working out a debt repayment plan with creditors or developing a budget, contact your local consumer credit counseling service. There are non-profit groups in every state that offer credit guidance to consumers. These services are available at little or no cost. Also, check with your employer, credit union or housing authority for no- or low-cost credit counseling programs.


• If you decide you must use a payday loan, borrow only as much as you can afford to pay with your next paycheck and still have enough to make it to the next payday.

National Payday is a sponsor of PLR. If you are interesting in becoming a sponsor, email prosperlending@gmail.com.

Sample Lending Club loans (earn 7.12% to 18.36% returns)

This week nearly 100 borrowers made it through Lending Club's hoops and are now looking for funding from lenders. As PLP pointed out, most of Lending Club borrowers are eliminated in the screening process. This is because they have a FICO lower than 640, a debt to income ratio higher than 30% or a current delinquency. All the following potential borrowers meet at least those minimum requirements. Jeff and Heather who blog about peer to peer lending on My Microfinance also have a loan in this week's listing. Like at least one other person, they are trying to refinance their Prosper loan through Lending Club.

Here are the borrowers added this week and the associated interest rate offered. Sign up and login to see the full loan details and borrower's credit profile. If you are a new lender there is currently a $25 referral bonus or $50 if you invest more than $1,000. There is also an additional 5% bonus for large lenders (over $4,000) and a recent interest .5% rate increase.

wedding loan
Recently accrued charges on my credit card due to preparation for a wedding that I cannot pay off immediately. Total charges are about $3800. I ussually carry a zero balance on my credit card but the expenses of the wedding made this rather impossible. (Ring, food, dress, accessories, etc.) I will use the money to pay off my credit card to avoid the high interest rate (11%). I would like to pay off the loan in 3 years or less. I want the monthly payments to be small enough so that making the payments would not be too taxing. ($100 - $150) Would like the option to prepay the loan without penalty.
Earn 7.75% and a $25 bonus

Personal Loan
Personal loan to pay off some overdue credit card bills, etc.......
Earn 12.36% and a $25 bonus

purchase work pickup truck
This loan would purchase a small pickup truck to use for my small but growing home repair business. I believe the pickup would allow me to bid on larger jobs, be more productive and thus provide me a better opportunity at a greater monthly income. Ive never been late or missed a payment on a credit card or personal/auto loan in my life.
Earn 11.09% and a $25 bonus

High Interest Credit Consolidation
Trying to further consolidate high interest college credit cards. Already reduced net interest by roughly 10% by refinancing through improved credit opportunities, but would like to reduce further.
Earn 8.38% and a $25 bonus

Consolidating debt
I would like a loan for $1500 to consolidate debt from medical expenses and credit card.
Earn 13.30% and a $25 bonus

Debt consolidation and new baby loan
Seek loan for debt consolidation from Holiday overspending. Loan will go towards paying off credit cards and other holiday related expenses.
Earn 12.04% and a $25 bonus

Paying for Grad School
I hope to use the money to consolidate two credit cards and in doing so free up enough monthly income to make monthly tuition payments.
Earn 7.75% and a $25 bonus

Rid the budget of 'Prosper'
Former lender and borrower at Prosper.com looking to refinance OUT of Prosper.com into a more fair and equitable situation with Lending Club lenders!
Earn 10.14% and a $25 bonus

Unexpected medical expenses
I need a surgery to help end my endo pain.
Earn 12.67% and a $25 bonus

Personal Loan
I would like to borrow $7,000 to consolidate some debt into one easy monthly payment. I am also seeking some extra money to get some dental work done. Thank you, Karen Kalata
Earn 7.75% and a $25 bonus

Looking to re-fi high interest cards
I am looking to re-fi high interest credit cards at a better rate. I've implemented my own debt re-payment acceleration program with the goal of having everything paid off in 3 years, but the interest rates on these two cards will cause it to be dragged out about a year longer than that. I'm already paying more on these cards than the payment on a three year fixed loan would be, so a loan at a substantially better rate would actually lower my payments.
Earn 10.78% and a $25 bonus

Pay down higher intererest credit card
I am a father with a new child - have mortgage, want to get rid of old card instead of having this debt over my head for 15 yrs.
Earn 10.78% and a $25 bonus

Payoff credit cards 2008
I am currently paying off my credit cards but would like to pay them off faster with a lower interest rate.
Earn 11.41% and a $25 bonus

tracey loan
I would like to consolidate my credit card to one payment. I have already gave lending tree my credit cards that I would like to consoildate. I really need your help.
Earn 12.99% and a $25 bonus

Personal Loan
To pay off Rooms to go loan with a higher interest rate
Earn 10.78% and a $25 bonus

Medical + Education
I recently graduated from college, and am planning on attending graduate school soon. However, shortly after I graduated I had to have a trip to the emergency room - with no insurance. So I have a $1500 hospital bill with no way to pay it back, and it will soon be going to collections. In addition, I am planning on applying to graduate school to become a teacher, but there are several tests I need to take as well as other expenses associated with starting graduate school that I can not afford (CSET, CBEST, etc.). The first use of this loan would be to pay off my medical bill so that it does not go to collections. Second, I would use the rest to get myself on my feet and get into graduate school.
Earn 13.30% and a $25 bonus

Credit card consolidation
I am a recent college graduate seeking to consolidate three credit cards used to get through school into one fixed term loan. Once consolidated I will close the accounts and live on a cash basis so I will be debt free at the end of the loan.
Earn 12.99% and a $25 bonus

school debt
Pay off higher intrest credit card debt accrued during college.
Earn 12.04% and a $25 bonus

Loan consolidation
I would like to consolidate my credit cards and lower the interest rate.
Earn 14.88% and a $25 bonus

Parents share for son's education
DOE says pay part of son's education
Earn 9.51% and a $25 bonus

Oil & Gas Investment
I need to finance the acquisition of two oil wells which are currently in production. The payback period is expected to be less than five years, but will have positive operating cash flows. The company can pledge the investment and royalty payments as security for the loan.
Earn 9.51% and a $25 bonus

New Business
I am in the process of becoming an independent trader/investor after 15 years in the financial services industry. The main reason for this decision to try a new endeavor is that it would hopefully give me more flexibility regarding in terms of my time so that I can spend more of it with my children. Some think I may be a little crazy to give up a relatively well paying job. But I wasn't making so much much money that not spending more time w/ the family was worthwhile to me in the long-run. Anyway, I still have a plan and it does involve some risk as trading/investing is obviously not an easy thing. It's something I've always wanted to try when I was younger but I think I now it's the right time to try it. While this loan will have no impact on my decision, it will help in terms of my funding. One of the biggest obstacles to be successful in trading independently is the mental stress of having to worry about funding. This would help a bit on this front.
Earn 10.14% and a $25 bonus

College Purposes
I need some extra money to help pay for school expenses like rent and the difference that I pay to the school per semester.
Earn 11.41% and a $25 bonus

Paying Off High Interest Credit Cards
I would like to pay off my high interest credit cards with a loan from LendingClub. This way I pay less in interest and the people here benefit as well. I LOVE this concept!
Earn 12.36% and a $25 bonus

Debt Consolidation
Basically I looking for a loan to consolidate all my credit card bills into one mothly payment. Also, this way I can quickly and easily eliminate this debt so that I mey be able to free up money for investing and/or other projects that I have in mind.
Earn 14.25% and a $25 bonus

Personal Loan for Expenses
Hello, I've been an attorney for about four years now. I decided to start out on my own. However, just to take care of some start up costs and personal expenses during this process, I'm in need of a loan.
Earn 10.14% and a $25 bonus

Loan Number One
My first loan to try and get out of credit card debt.
Earn 9.83% and a $25 bonus

debt consolidation loan
I want to consolidate my credit card and loan accounts to a more manageable monthly payment. Thanks for your consideration
Earn 10.46% and a $25 bonus

Planning a wedding and honeymoon
I would like to borrow $7200 to finance a wedding and a honeymoon. I also would like to furnish our new place without using assets that I currently own.
Earn 7.43% and a $25 bonus

Dental Expense Loan
I am in urgent need of dental work that I have put off while paying off other bills(including the $8,000.00, out of pocket, I paid for my childrens dental work). I know that my dental health is an important part of my physical health, I can't put this off any longer.
Earn 8.38% and a $25 bonus

Being financially proactive
Obtained a personal loan of $5000 date of loan 3/26/07 interest rate 19.99% Time 36 months present bal $3070 Would like to pay of loan and get better interest rate
Earn 10.14% and a $25 bonus

MY Loan
Needed to pay for unforseen credit card purchases.
Earn 10.46% and a $25 bonus

Loan
Want to consolidate debt that occured during college. I want to have it in one place and make one payment, have not been late on credit card payments in the past
Earn 16.15% and a $25 bonus

Debt Consolidation
I would like to get back on my feet after a rough couple of months helping out others and in turn putting myself in financial difficulty (helping my brother pay for school, etc.). I make a good enough amount of money to cover the loan in reasonable monthly payments because of holding down two jobs. The amount of $2,500 will help me get back on track with my monthly payments because right now I can't make them. Thank you.
Earn 12.67% and a $25 bonus

Get out of Debt
$5800 Parents $1600 Credit Card $600 Dentist
Earn 10.78% and a $25 bonus

Trailer
My business is expanding and I need a trailer to store and transport tools and ladders. This loan is for the purpose of purchasing the trailer.
Earn 9.20% and a $25 bonus

Payoff
consolidating bills covering myself and ex domestic partner. moving costs etc.
Earn 12.99% and a $25 bonus

Wedding
This loan will be used for a wedding within the next year and a half.
Earn 12.67% and a $25 bonus

Refinancing Credit Cards
Trying to refinance credit card debt with a better rate, which is currently at 16%.
Earn 9.20% and a $25 bonus

personal loan
Need the money to pay off some debt
Earn 9.51% and a $25 bonus

Party Store
Expand size of my party store front.
Earn 11.72% and a $25 bonus

Consolidation
Consolidating higher interest loans
Earn 15.20% and a $25 bonus

i would like to pay off my high debts
i would like to see if i can save by paying off my credit cards and consolidate them.
Earn 14.57% and a $25 bonus

Divorce Loan
10,000 loan request to help with debt incurred due to divorce.
Earn 7.75% and a $25 bonus

Combination Loan
I am looking to combine various debts into one payment.
Earn 14.57% and a $25 bonus

Education
This loan is going to help me pay my student loans.
Earn 10.14% and a $25 bonus

Paying for College
Need to pay for college, if paid in advance will decrease cost more than what I'd gain in tax savings.
Earn 9.20% and a $25 bonus

Consolidate debt
Looking to consolidate debt and pay for a condo assessment.
Earn 9.83% and a $25 bonus

Upgrade computer system
I am a dentist and I recently purchased my own office. I would like to upgrade my computer system. This will result in faster billing and increased productivity.
Earn 18.04% and a $25 bonus

Getting on the right path
I would like to use this loan to pay off a credit card. I am trying to fix my credit situation and get a fresh start. Your help would be greatly appreciated.
Earn 12.99% and a $25 bonus

surgery loan
I am going to have a double mastectomy with nipple grafts. I have waited my entire life to have this surgery done. I was going to take out a home equity loan, but I'm in the middle of a divorce and I will not continue to have home ownership. I am seeking a 3-5 year loan with an affordable rate.
Earn 8.07% and a $25 bonus

credit card consolidation
I will use the funds lent to me to pay off higher interest credit cards and to consolidate them. that way I can reliably make lower monthly payments, in which many will be made ahead of schedule.
Earn 10.46% and a $25 bonus

Credit Card Debt Consolidation
A friend of mine who is a "Lender" on the site invited me to join. I have maxed out my two credit cards (WaMu and Capital One). Though I pay twice the "minimum payment" every month, I am predictably getting charged ridiculous APR's that keep me from making a dent in the overall debt. I also have an overdraft "credit card" attached to my checking account at Wells Fargo, which ideally I would like to clear since the APR is also sky high. I have good credit, excellent references, and have a nominal "guaranteed income" every month in addition to my work income that ensures I can make payments toward a loan of this size. Happy to set up Automated Bill Pay, as well as provide any additional information requested. Best, Jesse M
Earn 12.04% and a $25 bonus

Debt Consolidation
Debt Consolidation
Earn 14.25% and a $25 bonus

Loan consolidation and personal expenses
Looking to pay off a Bank of America gold option loan, and to help with major purchases for home and room furnishings.
Earn 11.72% and a $25 bonus

Wanting Financial Freedom
This loan is needed to get me back to where I was not too long ago. A little less than a year ago I had ID theft in the amount of $9000.00. Even though I eventually got some of this back, everything snowballed and just created a complete mess for me. Had trouble paying even the most simple bills. This would help me close that chapter in my life where each day was a constant worry in terms of "I can't pay this and can't pay this and why did this happen"
Earn 13.30% and a $25 bonus

JK Loan
To consolidate few debts.
Earn 11.41% and a $25 bonus

Tax Liens
I would use this loan to purchase tax liens. I have been doing this for four years. 99.8% of the principle is returned with interest within 3 years. The other 0.2% may result in a foreclosure on the property.
Earn 10.14% and a $25 bonus

personal
I HAVE PURCHASED A DUPLEX, AND IT NEEDS A LITTLE COSMETIC REPAIR SO I CAN RENT OUT THE OTHER SIDE.
Earn 10.14% and a $25 bonus

Financing for business
I need a small injection of cash to take care of nagging businesses expenses.
Earn 10.46% and a $25 bonus

Michael
The loan is for auto repair
Earn 16.46% and a $25 bonus

Bills
Loan needed to consolidate current credit card and student loan bills.
Earn 12.04% and a $25 bonus

Consolidate Debt
Looking to consolidate debt
Earn 10.78% and a $25 bonus

Debt
10,000 to pay off credit cards
Earn 9.51% and a $25 bonus

thanks...
...for considering this loan. I believe my 800+ credit score speaks for itself so let's start helping each other to help each other. Let me know if you have any questions,
Earn 7.12% and a $25 bonus

Audi loan
I need this loan in order to purchase a vehicle.
Earn 11.72% and a $25 bonus

Need capital to make adjustments
I Need money to have in reserve for when clients get more than two months behind. I am taking on bigger jobs and need to pay for expenses before I get payed. I have been using credit cards but I have found that this is hurting my credit when they stay maxed out. Preventing me from getting better rates and increasing my limits. My goal is to use this loan to have the money on hand instead of using credit cards. I also need to fix a couple trucks.
Earn 18.36% and a $25 bonus

Credit Debt Consolidation
A loan to consolidate and pay off existing credit accounts so that some of which may be closed and to improve my overall credit.
Earn 11.72% and a $25 bonus

Debt Consolidation
Debt Consolidation
Earn 8.38% and a $25 bonus

fix car
I was in an accident and need to make some repairs that insurance will not cover.
Earn 7.43% and a $25 bonus

Vincent Howe's Peronal Loan Request
I wish to borrow the requested loan amount in order to consolidate debt from medical expenses.
Earn 13.30% and a $25 bonus

Electric Car Promotion and Consolidation
My business has a unique electric car prototype that I have financed entirely on my own. We need additional capital to complete our business plan in order to attract larger financing. Some of this will come in business loans from banks. However, I have used some of my personal credit cards to finance the prototype and that has reduced my credit scores from their previous 750 plus levels, even though I have a perfect payment history and no negative information at all three credit bureaus. Part of this loan will be used to further reduce the credit card debt and part will be used to prepare for the aforementioned purposes. With the business plan, there will be larger funding from angel investors and venture capitalists. Our electric car is among the first, perhaps the very first all electric lithium ion battery powered luxury sedans. Early green technology adopters are currently accustomed to paying a luxury price for an economy car just because it is electric. Our car is available to be ordered right now as a luxury car for a luxury price. The prototype was created by converting a brand new off the dealer show room floor 2007 Acura TL. We can perform the same conversion again for interested buyers who want delivery in a few months. The venture capital financed versions of the car will be available from a production facility in a year of two. These will include luxury, economy and mid range cars powered by both lithium ion and lead acid batteries.
Earn 16.46% and a $25 bonus

Security Deposit
Need for security deposit on an apartment.
Earn 10.46% and a $25 bonus

Grand opening
I have opened my own importing and exporting company and am requesting funds to help my company grow. As a new company I have acquired many expenses in which your funding can greatly help me.
Earn 10.78% and a $25 bonus

Refi of Debt Consolidation Loan
A while ago I got a loan with the bank that I work for, which consolidated the credit card debt I incurred after buying supplies/appliances to improve my house. The purpose of this loan is to see if I can get a lower rate through Lending Club.
Earn 11.09% and a $25 bonus

Wedding
Loan for wedding expenses
Earn 10.14% and a $25 bonus

Personal Loan~Pay off high interest cc's
I'd like to pay off some high interest credit cards. While I can afford the payments I have now, the interest rates and variable payment structure are both things I'd like to get rid of. This money will all go into current debt so my monthly expenditures will actually be less after I pay off the cards. Thanks!
Earn 11.72% and a $25 bonus

Electric Car Consolidation Part 2
This is my second listing for this business project. The project can use more funds in addition to the first listing for the same purposes. You can see more details at potentialdifferenceinc.com. My business has a unique electric car prototype that I have financed entirely on my own. We need additional capital to complete our business plan in order to attract larger financing. Some of this will come in business loans from banks. However, I have used some of my personal credit cards to finance the prototype and that has reduced my credit scores from their previous 750 plus levels, even though I have a perfect payment history and no negative information at all three credit bureaus. Part of this loan will be used to further reduce the credit card debt and part will be used to prepare for the aforementioned purposes. With the business plan, there will be larger funding from angel investors and venture capitalists. Our electric car is among the first, perhaps the very first all electric lithium ion battery powered luxury sedans. Early green technology adopters are currently accustomed to paying a luxury price for an economy car just because it is electric. Our car is available to be ordered right now as a luxury car for a luxury price. The prototype was created by converting a brand new off the dealer show room floor 2007 Acura TL. We can perform the same conversion again for interested buyers who want delivery in a few months. The venture capital financed versions of the car will be available from a production facility in a year of two. These will include luxury, economy and mid range cars powered by both lithium ion and lead acid batteries.
Earn 18.36% and a $25 bonus

Getting My Finances STRAIGHT!
I'm requesting a loan to pay off some high interest credit card debt that I currently have in order to be able to begin to save more money for a down payment on a house which I plan on purchasing in the next 2 years.
Earn 15.20% and a $25 bonus

12K loan, will pay back within 10 months
I have several high interest credit card balances and would like to pay them off all at once. I have NEVER missed a payment in my ENTIRE life on anything that was due. I would like a loan somewhere between 16K to 17K. I can pay it all back somewhere between 11 to 14 months. I am willing to pay interest up to 10%. Any help would be greatly appreciated. I just need to get this high interest debt off my back. I have worked for a union job for the back 1 1/2 years. It is virtually impossible for me to get fired unless I steal, which will definitely not happen. I don't pay rent, so I can afford to pay about 1400 dollars a month or whichever amount you perfer. The sooner the better. P.S. If you wish to know more info, please e-mail and I'll get back within the day's end. Thank you for your time.
Earn 9.51% and a $25 bonus

debt consolidate
Would like to consolidate bills.
Earn 12.67% and a $25 bonus

Wedding
I have paid for most of the wedding expenses but this loan will pay for the photographer that my fiance was asking for. I will definitely pay this loan off in full before the 36 month projected period.
Earn 10.78% and a $25 bonus

House of My Dreams Awaits in Brasil
I am wanting to buy a house in brasil, and my credit is so-so, also haven't had credit established for a long period of time. I am new to the USA. I am wanting to have a house in brasil and someday here in USA also.
Earn 13.62% and a $25 bonus

jeff's loan
to consolidate my debt to pay off sooner than paying accounts individually
Earn 16.15% and a $25 bonus

Number of borrowers on Lending Club increase

Several months ago I would often see new lenders on Lending Club complain about the lack of borrowers. It was difficult to invest very much money because there were just not enough requests for loans. Since Lending Club went nationwide and eliminated state lending caps the number of borrowers has significantly increased. Last week I listed the open loans on my post about refinancing a Prosper loan through Lending Club. From January 1st - 4th there were another 50+ loans as listed on the Lending Club statistics page.

Here are the borrowers you can invest in right now and the associated interest rate. Sign up and login to see the full loan details and borrower's credit profile. If you are a new lender there is currently a $25 referral bonus. There is also an additional 5% bonus for large lenders (over $4,000) and a recent interest rate increase.

bill
to pay a bill
7.43%

Holiday bills
Hello -- My name is Michael...I'm looking to lendingclub.com to help me pay the bills I've accumulated over the holiday period. Not only were my expenses unusually high, buying gifts for everyone, but the holidays are the only chance I have to see my family, and I don't get any paid time off, so my income was also unusually low. Most of the money will go to consolidate debt, but some will go to paying out-of-pocket expenses like rent that are now difficult because of my cash situation. The rest of the year, my income is much greater and my expenses much lower, so I should have no trouble paying off this loan. I already have one loan of this size from lendingclub.com for earlier moving expenses, and I've made every payment on time via their automatic withdrawal system. Thank you for your consideration, Michael
11.09%

personal
I am going to use this money to build credit. I am trying to build enough credit in the next year to be able to buy a piece of property I had to sell everything I owned after a divorce six years ago and now I am in need of a credit building. I own a mobile home presently but am looking to upgrade my living situation once I have a good credit standing.
8.38%

One More Step to Freedom
This loan will be used to consolidate my revolving debt (approximately $3200) and provide a short-term financial cushion to help me navigate through the slow off-season here on my tourist-dependent island. I am a good candidate for this loan because I have spent the last several years cleaning up my credit and will not allow myself to go anywhere but forward at this point. I have a come a long way in building up my credit worthiness. The sole cause of my past credit problems is due to mistakes I made years ago involving my student loans (listed as seven different accounts on my credit report because they're broken down by semester). A few years back, after falling way behind in my payments, I worked out a restructuring deal with the supplier of these student loans. They brought my account current and I have since had one simple payment per month. I have never been late in these payments, and this has allowed me to slowly watch my credit health improve as time treks on. I am very proud of this. The other three active debt accounts listed on my credit report are two credit cards and a computer loan, with a combined total owed of $3200. These accounts, as mentioned above, will be completely eliminated with this Prosper loan. I have been employed with the same company for four years now, and job security is no concern. However, I make less in the slower winter months than in the spring, summer and fall. This is the reason for the cusion mentioned above. Although I usually have more cash saved for these slow months, I have overextended myself a bit by sending in higher-than-required student loan payments this year. I have a lot to look forward to in my life. I have been blessed in 2007, having met the girl I hope to spend many wonderful years with. I also plan to be in a position to purchase my own home in the next few years. I am a solid candidate for this Prosper loan.
13.30%

Refinance College Debt
I got about $13,000 worth of college credit card debt by the end of last year. They are running between 20-30% a year on each credit card. In the past year I've paid off $3,00 of it, and I'd like to get rid of the rest as well. My income is pretty stable, I am an online marketing manager for BH Direct - an advertising firm in Los Angeles, making over $40k a year. In the past year, I've paid over $3,000 just in interest on the loans. Had I been able to get a lower interest payment, I could have knocked off another $2,000 in debt. This year, I'd like to get rid of most of my debt, and consolidate into one lendingclub account. If you are looking to invest your money into a place with stable returns, than you definitely would want to invest your money here.
11.09%

Consolidation
Consolidate my credit card loans.
13.30%

Business Funding
Business start up. Real Estate rehab on acquired properties for investment purposes.
18.36%

Hurricane Rita Caused a Pressure Wound
Reason for Loan: I will be using this loan to hire a personal assistant to help with my daily living needs. During the past two years since the Great Hurricane Rita Evacuation in Houston, Texas. I developed a pressure wound on my right buttock, shortly after the evacuation. Pressure wounds grow from the inside outwards. With my Spina Bifida Disability I'm confined to a wheelchair. I am fully independent but at 35 years old its time to ask for an assistants help. I do not have full sensation in this area of the wound. A normal drive to Dallas from Houston is 4 hours, during this evacuation it took me 29 hours. During driving long distances in vehicles its difficult to perform needed very often pressure lifts/reliefs. I had this pressure wound operated on Sept. 12, 2006 after staying flat on my back one month in the hospital I went home two weeks later it opened up again. I also had Osteomyelitis & MRSA it was treated with PICC Line IV antibiotics for the duration of those six weeks. Nov. 13, 2007 I'm back in the hospital again I had 2 (Nov.13th&16th) procedures of debridement the bone of infection. No MRSA was located this time thank God. I am once again on a PICC line for the next 2 weeks while I'm recovering from a 3rd (Nov. 21st) procedure muscle flap this wound is closed. (Dec.17) I had a 4th procedure to close an abscess. This started the healing process back from scratch. Two more weeks from today I can try sitting. I had this same procedure in 1992; in total I have had 47 surgeries. My business is my escape from all the procedures. With this loan it would give me the cushion I need to work at a pace until I'm 100% healed again. My financial situation: I have two major RACING clients one of them called me the day of my 3rd surgery, which happen to be the day before Thanksgiving. This client I have a contract for around 13K with a balance of 8K left on that contract over the next few years. I have a similar contract coming up starting in early 2008 which will be similar through summer of 2009 this contract will have lots of travel involved also. The main reason as you can tell I am a trooper and never say never to a challenge. My gross income has risen 15K in 2007. I have steady monthly clients good for at least $3000. I just need that extra financial cushion to help the lives of other persons who are disabled. With my consulting knowledge of the ADA and particularly Texas Accessibility Standards which I am State certified and there are only around 600 of us certified across the vast market of the borders of Texas!
10.78%

Need to refinance my car
Instead of taking out a home equity loan to pay off my car I would like to use LendingClub to pay off this car. I have loaned money on LendingClub and now I would like to be a borrower. My personal experience with LendingClub as a lender has been great, and as a borrower I look forward to the same. Love how this sytem works! Thank you.
7.43%

194 low
For new windows
10.14%

Consolidate my credit debt
I am looking to consolidate my credit card debt at a low APR now that I am working full-time and can start chipping away at that debt.
13.30%

Surgery
I am having foot and ear surgery and need funds to cover cost not covered by insurance. Loan will be for 2-3 years.
14.57%

Home improvement
several projects around the house that I just want to get finished. Tired of trying to do it myself, want to hire a professional.
10.78%

Pay off my debt
I have some credit card debt that I would like to pay-off. It makes sense to pay one lender as opposed to 5 credit card companies. I'd rather pay interest to one payee rather than split between 5 or 6.
11.41%

Car Repairs
I recently moved to Georgia with my vehicle and the axle is now totally damaged, I am requesting for someone to please assist me in coming up the the remainning $500 I need to repair it. I would greatly appreciate any help that I would be able to recieve. Thank You
12.99%

Promote music Album
to help promote my music album, play music radio, promote music in different states.
12.36%

cosmetic surgery
cosmetic surgery
12.04%

Our Wedding
Due to some unforseen events, the money set aside for our wedding needed to used and we have to pay cash for the remaining items. This is to make sure that our wedding day is the perfect day to start our lives as one.
8.38%

Jumpstart Sustainable Career
This money will be used to pay for tuition and housing at the Ecosa Institute in Prescott, Arizona. Their total immersion design programs focus on the the power of design in shaping humans' relationship with the natural world. This relationship seems to be moving towards sustainable technologies, innovative approaches to efficient design, an ecological literacy, and a new set of design skills such as taught at the Ecosa Institute. The 3 1/2 month intensive program (late Jan.-May 2008) delivers both philosophy and technical skills that I think will be crucial in the burgeoning fields of solar and water technologies, green building, and organic agricultural/landscape practices. I have a college degree, experience running my own construction business, and passion for design. Let's do it!
9.51%

Consolidate Debts
I have a few debts that I want to just pay off and have one low payment.
18.04%

Debt consolidation
I have a few student loans that I want to consolidate.
13.93%

Personal Loan
Personal Loan for credit card expenses from a vacation, paying off student loan.
9.83%

Consolidate debt
Will use loan to pay off bills and fix section of my roof.
8.07%

Engagement Ring
To buy an engagement ring.
8.38%

I want to pay off my high interest CC
Purpose of loan: This loan will be used to?Pay off and close my higher interest credit cards, therefore, I will only have one bill. This is much more manageable and the debt is repaid faster. My financial situation: I am a good candidate for this loan because? I am responsible and I do pay my bills. Several years ago I ran into a bit of trouble when my husband had 2 heart attacks in 10 months and could not work and our income was reduced by over 60%. But since then I have remanaged to rebuild with my own income and stay current with no DQ's in the past 5 years. I'm stable being a home owner. My last job prior I was with the company for 18 yrs. I have now been with this company for almost 4 in the same type of position without a lapse in employment. I have a $10,000 check sitting next to me that I have not cashed due to the interest rate attached to it. I will not be adding debt only managing more wisely the debt I have incurred. Someone is going to be getting the interest on my money, it might as well be the people who have faith in me. Monthly net income: $ variable as to what is going on an how much I put in my 401k plan or which insurances I carry. I pay my bills first but always try to put a little extra away. The deposit is dependant on my needed cash flow. Monthly expenses: $ Housing: $ 1400 Insurance: $ home insurance 54 a month, car insurance 67 a month Car expenses: $ car payment 165.00 pm. Gas and maintenance about $40 per week. Utilities: $ I heat with an alternative heat source, elec app 110 per month Phone, cable, internet: $ I carry the basic and it's not a necessary need. Currently i'm paying $60 for combine communication tools. Food, entertainment: $ 125.00 Per week Clothing, household expenses $ not a budgeted amount (as funds allow) Credit cards and other loans: $ I will be paying these off with loan so the only payment I will have on these are what is due to you my lenders. Other expenses: $ Again this is subjected to what bills need to be paid
13.30%

Excellent Credit History
Looking for a installment loan to consolidate some credit card debt. Excellent Credit History and make payments on time. Just looking for a lower APR. FICO is 729 Ideal APR is 13% or below.
12.67%

medical bills
trying to consolidate medical and credit card bills for lower interst payment. Had medical bills that were unexpected.
14.88%

Recovering from Chirstmas holidays
I am trying to get back on my feet, from Christmas, and I need a loan to pay electric, gas, and rent.
11.09%

Personal Loan for purchase of home
I am in need of a loan to purchase a home, I can not get a mortgage loan because my intention was to pay cash for the home. I was expecting this 22,000 to come frome somewhere else and now I am in need of the cash to complete the purchase, I do not have long and this is my dream home.
14.88%

Investment purchase
Purchased an equity in emerging markets for future use.
9.83%

Purchase candy vending route
Hello and thank you for considering my loan request. My credit utilization is high because I financed the closing costs and renovations of two rental properties on my credit cards. Not the wisest thing to do, but they are bringing in some nice monthly cashflow. I am now looking to purchase a bulk candy vending route in the Baltimore, Maryland area comprised of 28 machines with three different types of candy in each. Each machine brings in over $250 a month. $250 x 28 = $7000/mth. The owner is moving out of state and is in a rush to sell. The purchase price is $3500. As you can see, I will be able to repay this loan very quickly. Please help make my dream of expanding my passive monthly income a reality! Thank you for your time and attention.
12.04%

Starting off on the right foot...
Ahhhh, a familiar story... I accumulated credit card debt while in college and with recent health emergencies($3400 on card, $1300 on another). Interest rates are currently around 23%. I'm a bit old fashioned and I believe in living a debt-free life (or as close to one as possible) so I'd like to consolidate these, get a better rate, and cancel the cards for good. I am just starting my career, I just bought my first home, and I hope I can start my life off on the right foot. Well, that's my sob story!
11.41%

Ratherpaypeoplebackthanbanks
Re-financing high rent credit. We have great credit and payback history. Would rather pay that rent to other folks, not to banks. Not interested in paying bankers to support sporting and entertainment events; building larger buildings than the next bank.
9.51%

Wedding
I am having a wedding in June in which Me and my fiance need to borrow 5,000 to cover our expenses for the wedding.
9.51%

Moving - Need some money
Need a little bit of money to move.
10.14%

Improving Visibility
After 2 pretty good years, my window coverings business is ready to expand. I would like to take out a number of ads: weekly homebuyer guide, a local victorian home estate agent, and start a direct marketing campaign to new homeowners. We gross ~$3k/month part-time and would like to double our income. We are ready to grow and prosper!
10.14%

Credit Card Debt Loan
I need to consolidate my credit card debt to avoid high interest and periodic fees.
9.20%

Pay off Credit Card
I would like this loan to pay off two credit cards with rather high interest rates. I always pay well more than the minimum but am sick of getting hit with the high finance charge. I no longer purchase anything with either card and plan to continue doing that when they are paid off.
10.78%

Car upgrades
I'm in a custom car club and want to upgrade my car I also want to pay off my other loan with this one
9.83%

Rest of payment for Lake Condo purchase
Found a recent 2 bedroom lake condo foreclosure with a SEV $46K(value = $92K) for $39K that popped up yesterday. I went to look at and had it quickly appraised today by an old friend who's business last 5 years is appraisals and it's easily worth a more than asking, but Michigan is hit hard in a recession and 2) people don't search for lake condo's during the Winter time. I have about 25K liquid with more coming in; this will get me within reach of what I need for closing; figured to do LendingClub instead of a mortgage paperwork for such a short term loan or going to a credit card to get rest of the money, as I try to not use credit cards anymore. A little background, I've been an active lender on Prosper for most of 2007, and now trying out the borrowing side of LendingClub on top of being a new lender here too (iluvpcs). Here's my stat's at ericscc from prosper to see I also lend a decent about of cash ... http://www.ericscc.com/lenders/iluvpcs I don't know if I plan on letting this run 36 months, as I get extra money I will try to make extra payments but figure 2 yrs for this loan at least. I pay all dept on time as you can tell by my profile.
10.46%

loan consolidation
The money will be used to pay higher interest credit card balances.
12.67%

personal
To pay off credit card debt and consolidate bills.
15.83%

Welcome baby
This is to payback a loan from a family member that we borrowed from when our baby was born last year. We went from being a two income family to one income and needed money for baby things and to adjust to one income. We have a car we are selling, a 1999 Nissan Altima, with which we plan to repay this loan.
11.09%

Purchase new Snowmobile
I would like to purchase a newer model snowmobile for recreation use.
11.72%

A's2Zee's
Heart contentions, to leviate one credit card, school and only 1 payment before receiving diploma - and further schooling. And to get away from the up-down usage I've done to my bank accounts with maintainence fee's.
11.41%

mike click personal loan
personal loan to consolidate personal debt
12.99%

A. Schild's Chicago Real Estate Business
I'm seeking 2008 funding fund my real estate venture in Chicago, Illinois. Chicago has been and still remains to be a stable and relatively increasing Real Estate Market. Fact is, without question, that we are in a "shifting market", with buyers at the wheel. I believe 2008 and beyond will be great years for the real estate industry, but it will take education, honesty, and integrity of all the integral partners of the real estate transaction to re-instill faith to the American Homeowner and Homebuyer. This is my mission. I have outlined a seemless business plan for 2008 that embodies all these qualities and more, including a donation program to the largest non-profit organization in Chicago. These donations will come directly from my earnings as testemant to my service to the communities I serve. This funding will cover expenses such as direct-mail campaigns, supply management, technology upgrades, hiring an assistant to leverage skills and time, and perhaps, space rental for to-be team. I appreciate the consideration of this loan request and I look forward to a successful future. Together we can suceed.
15.20%

High-interest credit cards
I finished my Master's degree a little over a year ago and have been in my first professional job for 8 months. It's a great job that pays fairly well, but I am still struggling to pay off some credit card debt I accumulated while finishing my Bachelor's and Master's degrees. I have several cards with interest rates of 18.99%, 24.24%, 24.74% and 29.99%. I'd really love to finance some of this debt at a lower interest rate, especially the 29.99% card. I have no trouble paying my bills each month, but I also don't have much left over after paying them. I have no late payments on my credit report. Thanks for looking.
14.25%

Short Term Tax Loan
Need short term loan for payment of last year's estimated taxes. Need loan completed before Jan 15th. Expecting payments to arrive earlier than they did, the money is coming, however, it was delayed and I would rather pay a lower interest rate on loaned money than get penalized by the government with a higher interest rate.
9.51%

ghazi
just need it to pay off credit cards , fix my car and some extra cash
10.14%

Need a car for work
need 13000 to get a car for work and wrap up some bills.
8.07%

debt loan
tring to get a better rate than the credit cards.
13.62%

Hoping somebody granted my wish
I would like to use this money to pay off all my credit card debt, so i can get focus to save my money, thank you
11.41%

Refinance Prosper loan through Lending Club

In addition to expanding to borrowers from all 50 states, Lending Club recently made loan statistics more accessible to members. I was recently browsing through the loans and came across an interesting loan request from August 2007:

Loan title: Refinancing Prosper loan...
Loan description: I am looking to refinance my Prosper loan, which is currently at 22.75%.
Amount borrowed: $5,400
Lending Club interest rate: 12.17%

Wow - if the description is accurate then someone really reduced their interest rate by refinancing their Prosper loan through Lending Club. I attempted to find the original loan on Prosper but was unable to. There are only three loans on Prosper from Massachusetts that match the 22.75% interest rate and none of the personal information and credit history seems to match. It is possible that the borrower moved. The borrower may have also entered false information. Unlike the personal credit history, there is no way to verify the loan description information. If the provided information is accurate, then perhaps the borrower greatly improved their credit score between loans which could account for the great rate through Lending Club.

In addition, there are a couple of borrowers on Lending Club looking to invest the requested money on Prosper borrowers. LendingHelper says, "I will use the money from this loan to re-invest in Prosper...I have been a lender for 7 months, and see it as a good way to diversify my investments. Also, I want to analyze Lending Club from a borrower's standpoint." Another borrower, Tessvis, writes, "I am seeking a loan of $15,000 help me get back on track...and reposition my self to invest in a positive cash flow system such as Prosper." I recommend these borrowers and anyone planning on borrowing to lend read Matt's article Borrowing money to lend on Prosper: Wise or Foolish? It may be possible for some to work the spread but it is much harder than it looks.

Current loan requests on Lending Club are quite varied and include debt consolidation, tuition, investments, business funding, cosmetic surgical implants and much more. With the new national expansion the number of requests for loans has greatly increased. Lending Club is offering great incentives to those who want to invest including a $25-50 sign-up bonus and an additional 5% bonus to those who invest more than $4,000. On top of that, they just raised interest rates by .5%. It's a great time to invest. (If you are a new lender and want to receive the referral bonus you must sign up by clicking on a referral link such as this one.

Here are the borrowers you can invest in right now and the associated interest rate. Sign up and login to see the full loan details and borrower's credit profile.

Pay off Purchased Merchandise
- Pay off Dell Financial: $ 1300.00 - Pay off IRS for 2005: $ 1400.00 - Pay off Mac Comp : $ 1700.00 - Pay off Bill Me Later : $ 1000.00 - Pay off WAMU card : $ 1000.00 - Pay off Becu Visa : $ 1000.00
10.59%

Medical Expenses
Need extra money to pay unforseen medical expenses.
14.07%

CreditCardDebtConsolidation
I have several high interest credit cards that i would like to consolidate into one loan. These accounts are going to be closed as soon as i pay the balance. Bad decisions have led to this debt, but luckily my salary has increased and we can climb out of the hole and learn from our mistakes. The total amount is just under $15000 which will leave a small amount to pay some medical bills.
16.28%

Christmas
We just found out this week that my mom's cancer may be back and I want to make sure she has a wonderful Christmas.
12.49%

personal loan
As soon as possible
9.96%

RJS Business Loan
CPA requesting loan to assist in funding purchase of accounting firm to add to my current CPA firm. Firm being purchased has annual revenue of approximately $95K and has been in business since 1998.
13.12%

Consolidate Debt
I have $12K on a CC that is charging me an extremely high interest rate and they are unwilling to reduce the rate when I asked about it. I want to pay this credit card off and close the account so I can stop doing business with this Bank.
9.33%

PERSONAL LOAN
MY MOM IS HAVING A HARD TIME FINANCIALLY SINCE MY DAD LEFT HER. I AM GOING TO USE THE MONEY TO HELP HER PAY OFF AND CATCH UP ON SOME BILLS.
9.01%

Debt Consolidation.
I'm a member of the United States Air Force who returned to the U.S. last year. Made several charges to credit cards while moving into a new home. Credit card interest rates almost doubled, now trying to get them under control.
13.43%

Pay off Bills and Education
Loan is to help pay off bills and go to real estate investing school.
15.01%

personal loan
I need the loan to help me with my medical bills and medication and other expences. I'm in dire need of help and this loan would really help me out.
10.28%

debt consolidation
consolidating major debts
9.33%

major purchase
wedding expenses
10.91%

New Project
I started network engineering company a few months ago, and now we have the opportunity for a new project beginning in January that will net us enough cash to really get the business going. I need to purchase some additional equipment for the project, to qualify and complete it, that is what this loan is for.
9.64%

Open a nail salon store
I want to open a nail salon store and I need $25,000. It's in a good location. We plan to have 8 employees and a weekly revenue of $13,600. Me and my husband have a good monthly salary. I work for a nail salon store making $1000 a week. My husband drives a NYC yellow taxi and making $1500 a week. Monthly expenses: Apartment rental: $1300 Utilities: $80 Phone, internet: $105 Food, entertainment: $400 Household expenses: $100 Credit cards and other loans: $2500
11.86%

Cushion
Cushion pre-bonus
12.17%

Angela Kay Myrick
To consolidate high rate credit cards.
9.33%

Payoff personal debt
I am requesting this loan to payoff some personal debt so that I can refinance my home. This debt is in the form of judgements that was place on the property after construction. It is a commission fee of 5% paid to the developer and realtor that was to be paid after the house was appraised upon completion. The home was built year ago and we put all that we had saved up into this house. The house currently is appraised at $619,000. We owe $542,000.
13.43%

personal loan
needing money to move to a new place, and medical and dental expenses.
10.91%

Debt Consolidation Loan
Consolidate 2 credit cards
11.22%

Credit Card Debt
I would like to pay off my credit card debt and pay a lower interest rate.
9.01%

Personal Loan
I am a United States Marines serving my country like the rest of my brothers. I have been recently giving the opportunity to transfer to a different Unit. I am very excited about having to travel, so i would like a loan of $3,000.00 so i can put it for a down payment on an appartment, a car, and furniture. Thank you. Semper Fi
10.59%

Bill Consolidation
pay off several credit cards totaling approximately $15,000.00
9.01%

CREDIT CARD CONSOLIDATION
Im interested in a short term consolidation loan I asked for a 36 month loan, however I will pay the loan in full in about 24 months. thanks
10.59%

Auto loan
The banks seem to only have used auto loans for car years 2001 and newer. I am looking at some older BMW's and don't want to take out a personal loan at the bank for 10% or higher.
8.07%

Personal
I was interested in getting a personal loan in order to pay back existing debts as well as to have a little extra money in case anything goes wrong.
11.22%

Home repair
I recently purchased a home in need of serious repair. I purchased the home in a tax sale and had not seen the property prior to purchase. Upon seeing the home, I discovered that it had been in a fire. I am requesting the loan to repair the house and make it inhabitable.
9.96%

Pay down home equity loan
To pay down my home equity loan.
7.12%

Debt Consolidation
Consolidate monthly bills into one, lower payment
9.96%

aricsloan
consolidate credit cards and loan as one payment
15.01%

Paying down credit cards with high rate
I would like this loan to pay some high rate cards off.
16.28%

Funeral and related expenses.
The death of my Mother has brought about unexpected expenses related not only to the funeral but also to the removal of her furniture and apartment belongings. This is a sudden, one-time expenditure.
10.59%

FIRST
Consolidation of credit bills
11.54%

Eliminate high interest
Its time to get rid of this high interest debt. I have three credit card with high APRs. I am just throwing money away by paying these companies loads of interest. I know that paying off debt is a process and not an overnight miracle, so what I would like to do is tackle one of these at a time, starting with the one with the higher interest. If this works well, then I would most likely return to the site to get another better rate loan. I would much rather pay my fellow hard workers this money than these big time banks. I do have the high interest on the cars because of some credit issues in the past. Mostly stemmed from racking up debt while I was in college. Even with the troubles I have had in the past, I have managed to bring my score to up over 700. I've done that by not missing a payment in about 5 years, including the mortgages I have held. My past does not reflect my habits today, or my goals for tomorrow. I am very serious about getting rid of this debt, so I will not let you down. Sometimes it just makes me sick. If I can answer any questions for you, please do not hesitate. Thanks for considering.
9.64%

Debt Consolidation
I would like to consoladate 2 personal loans and a credit card for a lower interest rate
14.38%

Personal Loan
Paying of the bills from the holidays, and start planning for the family vacation to Disney World in March.
9.33%

Lower interest rate on credit card.
We would like to tear up credit card and pay it off at a lower rate.
14.38%

Implants
I would like a loan of $8,000.00 for the placement of cosmetic surgical implants. I would like to pay it in installments of 36 months without a prepay penalty
7.75%

Credit card loan
A loan to pay off a credit card. It is very high intrest and i need to get it paid off.
11.22%

1 payment
just want to consolidate all my loans and credit cards to one payment
17.22%

pay credit cards/get bus financing
I need to get debt paid off in order to get the best financing for my business loans. I'm needing finances for my home purchases for low to middle income families. As a real estate investor my next step is to start buying homes, I need the best credit score to get the best rate of financing.
10.59%

Manhattan Move
Moving Costs associated with Manhattan Apartment
9.01%

Pay off the IRS and Outstanding Debt
I will use the money from this loan as follows: 1. Pay off an IRS payment plan of 1,900.00 2. Pay off remaining debt on my credit report 1,200.00 3. Use the remaining balance to increase my savings account to gain a safety net for emergency situations.
11.22%

Ambitious start-up ready to grow
About APK Developments: Thank you for taking a look at my loan request. I trust you will find this to be a unique, and quite interesting, so I thank you for your support. My business is APK Developments, LLC, which started in 2002 to develop advanced shift systems for the motorsports market. These are semi-automatic shift systems for motorcycles, race cars which use sequential transmissions. In recent years, this has been a booming market due to advancements in manufacturing techniques which have made sequential transmissions more affordable, increasing their demand, and the demand for shift systems to extract the full potential of a sequential setup. The purpose of this loan is capital for the numerous R&D projects current, file for patents, manufacturing add-ons, and brand building. My current position: I work a day job, so this is done on the side, and has been treated as a hobby so far. This past year I took the next step to make this into something and funded heavily in setting up a place of business, as seen in the above photos. A couple years ago, the MS-100 was developed, which is the fastest air shift system on the market for drag motorcycles. Last year, the MS-120 quick shifter was introduced, which is the only system on the market for motorcycles that automatically adjusts each shift, so that each shift, is at it's optimum. This is one of the things to be patented. Currently, plug and play kits are being developed for popular bikes to provide the customer with a simple installation. Market indications for the MS-120 are great, as there are people waiting for plug and play kits to be available for their bike, however, I can not supply the demand without the needed manufacturing add-ons. Note that a number of these customers have been waiting for months, when they could have gone with the lower priced competitors products. This speaks volumes for my product, which is made to the highest standards. What's in R&D? A market I didn't forsee with these shift systems is that of mobility aids. I regularly get requests for a system to be developed to up and downshift a motorcycle for disabled riders. This niche would allow injured riders (the primary request) to get back on a bike. I have found one company that produces a viable system, however it is primitive, and I have heard of many comments on it's bulkiness. Everyone requesting me to develop a system compliment the quality present in my products, and hope to see the same in a system designed for this niche. This challenge in R&D has resulted in a system in development, that will need a number of patents filed. Secondly, is that of the race car market. With paddle shift systems gaining in popularity, there is a need for more cost effective systems for the middle levels of motorsports. For the lower levels (amatuer), higher quality systems at an affordable price. As for brand building: The website is being completely redesigned (almost done). The company logo has been updated. A marketing plan is in place, and needs to be executed. This is initially done by sponsoring motorcycle racers for the coming season, which is an investment in itself. For more information about APK Developments, and it's products, please visit APK Developments website at www.apk-developments.com Thank you.
9.64%

jgmn
I'm starting up a new Tax preparation/Financial services business in Atlanta,Georgia.The web site is www.novacrom.com (you can find personal information on it).We need $10000 for financing rent,publicity and payroll.
8.70%

debt consildation and invest.
The reason for this loan is that i owe about $10000 to credit cards. The rest of the money i would like to experience(invest) in what lendingclub offers. I work in a dealership as a salesperson and i own my own tow truck which generates about $400 a week. Am a very hard working person and i dont have too much expense.
10.59%

Jared's Debt Consolidation
I would like to consolidate 3 debts as well as improve my credit scores by having a good standing installment account over at least a 2 year period. The debt will pay off a $1700 Credit Card, a $650 Military Overpayment Debt, and a $3250 Personal Loan from a friend. This loan will help improve my quality of life greatly. Thank you.
9.96%

Medical
Hospital bills from an emergency admit as well as an emergency chest and stomach surgery.
18.36%

pay off everything
I am looking to pay off all of my bills. I have good credit, but alot of debt. I have closed all my credit cards but one. I want to pay off another loan that has a high interest rate. I still live at home so I do not pay rent.
17.41%

Investment Funds
Additional Investment Funds for portfolio.
10.14%

Equity building in home
We need to make some improvements in our home including kitchen upgrades, bathroom upgrades, home office improvements and build a workshop for my husband to work in. He is self employed and works with antiques and wood work. He required heart surgery in May of this year and was not able to work for several months. We are currently paying back medical expenses that our insurance did not cover. We are both self employed and my office is in the home. A workshop where my husband could work out of the elements would be very beneficial. He has been working outside on the carport and in the house! Needlessly to say this is diffcult on the house and our quality of life. He has recently been able to start back working and it sure would be easier if we had a place for him to work. I need to improve my office space as well. I have my own business as a marketing and public relations consultant and a professional fundraiser. I have been doing this for over 25 years and decided to start my own business about 5 years ago. The coming year looks very good for me. I have found a niche working with cities and rural areas on finding funds for infrastructure such as water, sewer, community centers, etc. I work with the government a lot to secure funds. I also do a lot of work with nonprofit organizations. Currently, I have 5 regular nonprofit clients and 3 towns as clients as well as other agencies that I do periodic work for. It is rewarding work and I enjoy it. My office is getting cluttered and needs to be reorganized for better work conditions and to be able to have someone come in and help on occassion.
14.25%

Add-ons
Fix minor things around the house I have been putting off.
7.43%

Debt consolidation
I have a Line of credit at Wells Fargo Bank that i would like to pay off. Interest rate was at 9.99% but the jump to 15.25% because i made one late payment. Applied for a HELOC but not enough equity in home. Credit Score is at 690. I am a registered nurse. Just about 9000/month b4 tax. Mortgage at 1800/month Credit/Loans 1000/month
11.72%

cell phone
I am consolidating my credit card debt as well as paying off my cell phone bill.
13.30%

Credit Card Payoff
Want to get out of credit card debt
12.67%

Daughter's Sweet Fifteen
I am looking to secure a loan in order to cover some expenses for my daughter's sweet fifteen party in February. The loan will be repaid by my husband, daughter and myself. Our incomes combined equal about $75,000 a year. Our monthly housing payment is $700 a month. I also have about 3 credit cards with small balances. Thank you kindly for taking the time to review my loan request.
14.25%

Small Debt Consolidation Loan
I would like to use this loan to consolidate credit card debt (1 @ 19% and 1 @ 15.99%). Also, remaining funds will be used to make repairs to my vehicle.
13.62%

Debt Consolidation
I would like to have one solid monthly payment that would be more affordable to me. I am a single mom and I receive no child support or any other income besides my work for that matter. Because of my divorce, I ended up in a lot of debt going from credit cards to loans with Credit Union. Borrowing money at a fixed monthly payment would the answer to my prayers.
13.30%

Loan to reduce debt
I am asking for a loan to help out my wife. A year ago we decided to use a debt consolidation service for her debts to try to have the interest rates reduced. While it worked in this regard, we also must pay a high monthly payment, plus a monthly charge. I believe we can save money by getting a lower interest loan and using this money to pay off all of these creditors once and for all. We have definitely learned our lesson about responsible credit. I ask you to help us out so that we can become debt free again and then be able to continue to save to that we may afford to buy a house some day.
8.38%

Consolidate and get out of debt!
I need this short term loan to help me pay off some bills. I am able and willing to to repay this loan and have over the last 4 years earned a good credit rating. Thank you for processing this request. God Bless, Brian
9.83%

Better habits and New Start for 2008
I have about 7500 dollars of credit card debt at an average rate of 20%. I'd like pay off these debts immediately, then allow the fine lenders at the LENDING CLUB to profit a more reasonable amount of interest from me.
9.83%

Car Repair
New motor for my Jeep + labor, plus a possible new clutch
10.78%

jump starting advertising and marketing!
I currently have a real estate investment business that I want to begin to market very aggressively. My business is beginning to expand and I am looking to advertise and market my business in other regions.
13.93%

Supporting My Education
Full time student -- need some extra money to help with expenses: books, computer, etc. My credit card company charges 30% interest and I'm hoping to get a better rate. I plan to have this loan paid off in two years.
8.38%

Eliminate high rate credit cards
I want to eliminate high rate cards that don't want to work with me to lower rates. Also will use some of loan to do some roof repairs
13.30%

dvd vending machine
I am requesting loan to finance a business that I was trying to start. It's a dvd vending machine that I can put to other business premises.
9.64%

Purchase of plow
To purchase a snow plow for business
9.20%

Jared Beiswenger
I would like to consolidate my credit card debt and my student loan debt, which totals around 7,000, and use the remaining 1,000 for a first and last month's rent payment on the place Im moving into January 1, 2008. The place is already fully furnished so all I have to worry about is the upfront costs.
9.83%

Convert wkshp into apt for daughter
Seeking funds to complete conversion of my workshop into an apartment for my daughter and her family to live in while she attends school and her husband recovers from a back injury. Most of the actual work has already been payed for and completed, but I need additional funds to pay for the permits and inspections prior to occupancy. Thanks.
11.09%

Loan Investment
I am using the proceeds of the loan to re lend to other Lending Club members.
7.43%

Just honorably discharged from military
Just honorably discharged from military service and receiving benefits
11.41%

Pay off bills
I need a loan for 7500 dollars to pay off my bills. I want one monthly payment for everything. This way I can cancel credit cards and not be so far behind each month.
12.99%

Refinance
Refinance credit cards on better interest rates
12.36%

personal
I am interested in consolidating my debt to lower monthly payments and interest rates.
15.20%

consolidate debt
I WICHT TO PAY OLD DEBTS WITH THIS MONEY
18.36%

Looking to Consolidate!
I have a personal loan and credit cards that I would like to consolidate. My credit is bad and I hope this will help me turn everything around. I have a steady job and am a good person who really has learned from my mistakes. I'm just looking for an honest way to get my life back on track.
15.83%

School tuition
I would like to attend CT school of Broadcasting and I have already secured $5,000.00 and need $7,440.00 more. My previous college education has been payed for by grants and myself/parents. This is my first loan for school that I am trying to obtain. I have previously paid off a car loan and now feel I am resonable enough and financially stable to obtain a loan for school. I have a full-time job as well as my real estate license for extra income and I also do PT internet sales. This may sound like alot but I know what I want (CT School of Broadcasting) and don't mind taking the extra steps to get it. I do seek financial assistance in pursuing my goal of attending school this spring. Thanks.
13.30%

Loan for Debt Consolidation
Loan request for Debt Consolidation due to Christmas over-spending. Loan will go toward paying off credit cards and other bills.
12.36%

Cosolidate debt
I have a one month old baby and my wife is on maternity leave and I would like a loan to consolidate my credit cards and my car payment into one payment a month.
10.14%

Stop Look Loan
The proceeds of this loan will be used to invest in a business opportunity with my brother. We have had a dream for some time to start a family business and now is the right time.
13.62%

Reducing current car loan APR
Unfortunately, due to the economic situation of my parents, I was forced to take up a car loan as soon as I turned 18 in order to secure transportation for school and work. I finally moved out and now hold a full time job while still attending school. This loan would enable me to pay off my car and get a better rate while having a similar monthly payment. Plus, I would reduce the payment period for up to one year. I've been engaged for more than a year and plan to marry this August. This loan would definitely reduce the amount of stress which my car loan has inflicted upon me already, especially in the future considering I'll be juggling the wedding along with my graduation at the same time. Ask me any questions, and I'll reply as soon as possible. Thanks for looking!
9.64%

Consolidation of Credit Cards
I would like to consolidate some of my credit cards into one payment, as well as help with some of the higher interest rates. My wife and I are currently looking at homes and it would be in our best interests for me to knock out my credit card balances. My financial situation: I work as a healthcare attorney and have a very stable position. I have no delinquent accounts and have had just one late payment over the past 5 years. I had one collection back around 2002, it has been paid in full, but lists as "Paid Charge Off." All derogatories come from this card, and have not one one late payment (30 day or otherwise) in 5 years. Monthly net income: $ 3574.71 Monthly expenses: $ Housing: $ 600 (split $1200 rent with wife). Insurance: $ 100 (car insurance) Car expenses: $150 (approx) for gas. I do not have a car payment. Utilities: $ 120 (Electric, Gas Combined) Phone, cable, internet: $ 250 Food, entertainment: $ 500 Clothing, household expenses $ 200 Credit cards and other loans: - Student Loans: $400 a month - Juniper Card : $175 a month - $5000 balance (some of this card would be paid off. - Discover Card: $90 a month (this card would be paid off with this loan.) - $2587 balance - Capital One Card: $15 a month - $400 balance - Direct Merchants Bank: $67 a month ( most of this card would be paid off with this loan.) - $2543 balance - Best Buy Card: $51 a month - $1500 balance - Kay Jewelers: $100 a month - $1100 balance This comes to approximately $2698 per month in expenses (please note that I have been making more than the minimum payments on several of these cards. After my monthly expenses and prosper loan I would put the rest toward lowering my other debt (cards). Thank you very much for your consideration, Mike
10.78%

Lending Club
My credit cards have an average APR that is higher than I want. I am considering different debt payment solutions.
8.07%

Better Rate
My intentions are to lower interest on charge cards to accelerate pay down and to improve cash flow. I am conservative and stay focused on my business.
18.36%

Ford Explore
Paying off Explore
13.62%

personal
personal
10.46%

Reducing my Credit Card APR
I have high interest credit cards. I would like to reduce the overall average APR by getting a better rate by LendingClub
15.83%

credit card consolidation
looking to consolidate credit cards and get out of debt.
13.62%


need a place to live
i need money to buy a Taylor on the oak wood homes lot they told me $4000 to deliver it and set it up. willing to pay up to 15% apr
11.72%

DVD Rental Machine Purchase
I want to buy a DVD rental kiosk. Vending is a long-time successful business and the DVD kiosk business is a ground floor opportunity exploding right now. MCDonald's has invested heavily in this concept (bought their supplier) and my target market are people who do not regularly go to McDonalds, but do rent movies.
12.36%

Debt consolidation
Last spring my wife was diagnosed with an acute leukemia which required 6 months of intense treatment and ongoing maintenance. During this time, she has been unable to work, and we have incurred additional debt and some medical expenses. At this time, we would like to consolidate and eliminate our high interest credit card debts. We seek a reasonable term with a reasonable interest rate. We have a solid history of paying our obligations on time and will continue to do so, happier in knowing that more of the payment is actually going toward the principal, and there is an end in sight. Thank you.
10.14%

$20,000 Loan Request
Requesting a loan for $20,000 for major purchase.
10.78%

Need loan to expand my constructbusiness
hi, i own a small construction business and like to expand in coming spring. for that reason i need some money to make down payment for a new pickup truck. plus i need some cash for over head expenses.
12.67%

PURCHASE MULTI FAMILY APARTMENT
I AM ACTIVE REAL ESTATE INVESTOR WHO OWN AND MANAGE MULTI FAMILY APARTMENTS BUILDING IN DIFFERENT LOCATIONS AND FEW MORE ARE UNDER PURCHASE & SALE CONTRACT. THIS LOAN IS TO HELP ME FOR THE DOWN PAYMENTS. I WOULD LIKE TO THANK ANYONE IN ADVENCE WHO PLACE THIER INVESTMENT IN MY INCOME PRODUCING PROPERTIES. YOUR INVESTMENT IS VERY SECURED. I KEPT AA SCORE GRADE. ALWAYS PAY ON TIME AND NEVER HAD ANY DELIQUENCY. CURRENTLY OWN: ______________ 2 UNITS APARTMENT = $1700. X 12 = $20,400. YR 5 UNITS APARTMENT = $4300. X 12 = $51,600. YR MORTGAGES/TAX/INS= $4650. X 12 = $55,800. YR NET INCOME = $16,200 YR UNDER CONTRACT: $775,000.00 _________________________ 27 UNITS RENTALS = $215,000. YR MORTAGE/TAX/INS = $132,000. YR NET INCOME = $ 83,000. YR
13.62%

Home Mortgage and Taxes
My wife and I split up. She lived in the house we purchased together and I moved into a condo. She was in the real estate field and when that went down she had no income and had trouble finding a job and making the payments. She talked me into getting a second mortgage so she would have a cushion and to pay back income taxes. That money went fast. We worked it out that I would move back into the house and she would move out. I would make the payment on the first and all the property taxes and half the back taxes and she would pay the second and the other half of the back taxes. She lost her job and I have been making all the payments. We thought about selling, but the house would be a short sell and we would get nothing out of it. I have our kids with me and with her not making payments, my credit score has went down and refinancing is impossible. I just want to catch up the mortgage and pay the taxes. I plan to sell the house when the market gets better. I can manage once I am caught up. I just need a little help.
14.25%

Looking to pay off credit cards
Rebuilding my credit, and looking to pay off my low limit credit cards (sub primers) and use that FICO boost to gain higher credit limits with prime lenders and then close out these low limit cards which i no longer need.
12.04%

Card loan
Paying off an old credit card
12.36%

changing cars
I am currently a student in Rhode Island. While attending school for an undergrad in business, I have also been working on a food delivery service. The car I have right now is not good enough on gas. The loan will help me acquire a hybrid.
9.83%

Consolidation Loan
The purpose of this loan is consolidate 3 higher interest credit cards. Thank You.
11.41%

Would rather pay you my interest!
Hello, I am interested in getting a better rate for my credit card balance. I am 39, have been happily married 15 years, have a great job with a university where I have worked for over four years, just received my third promotion in two years, and have excellent credit. I have NEVER defaulted or paid late on a loan. I have a very good interest rate already, 9.9%, but with my stability and good record I am interested in something better and would prefer to work with folks in the community than my big credit card company.
8.38%

Finally pay off ankle surgery expenses
Hello people...just found out about this website thru creditboards.com and I wanted to try it out. The purpose of this loan is too consolidate my med bills due to an ankle injury I suffered earlier this year (word of advice...never run down the stairs to catch a train!) The payment would go toward surgeon costs and to pay off the rest of my 6 day hospital stay. I'm currently at war with my insurance carrier because they refused to cover the cost of my second surgery to remove a screw from my ankle. So I want to take care of this bill now so that my credit stays intact and I will be able to negogiate a better mortgage rate for when I purchase my new house. Thanks!
12.99%

Bathrooms and Kitchen
My kitchen and bathrooms are in need of some serious work. I would like to take a loan out to pay for these repairs and also to add this to my credit portfolio. I have good credit and have never been late nor missed a payment. Thank you
10.78%

glebxx
loan is needed for paying tuition
10.46%

Help me get debt free
I am attempting to get this loan to consolidate my credit card debt, pay off whats left on my car and clean up a few issues on my credit report. We will be using about $3,000 of our savings as well as the loan to make this happen. My wife and I are wanting to apply for a house loan next year and this will help improve our credit score and get our debts paid much quicker because we will be able to pay more to the principle. Our debt that will be paid is as follows: WAMU- $688 (min pmt $15) Bank of America - 2400 (min pmt $65) car loan cap1- (about) $3000 (pmt $266) We also have about $2000 in old medical bills we'd like to pay. My total payments now are $346 / month on these debts. This loan with save me on interest and I will be able to pay them off much quicker. My income is $2150/ month Wife's income $1500/ month rent $800/ month Food $350/month Utilities $175/month Car(gas etc) $180/month School loans etc (including what's listed above) $660/ month Other exp (kids, entertainment, insurance etc) $400 Total income - $3650 net/ month Total bills - $2565 / month (including bills that will be paid with this loan)
13.93%

First Time Airplane Purchase
Loan Purpose My husband is a new Private Pilot and we are now looking to buy our first airplane. We�d like your help to buy an airplane for two reasons. First of all my husband would like to progress towards more advanced pilot ratings with an eye towards a future career change. Acquiring an airplane will allow him to train for those advanced ratings in a more economical fashion. Secondly we live in the Alaskan bush during the winters. This means that all of our supplies come in to us via aircraft and this acquisition will allow us to more readily access larger towns. We are considering the purchase of only airplane types that historically have held their value well such as the Cessna and Piper aircraft companies offerings. As it is with many others, it has been a lifelong dream of ours to own our own airplane � we�d be honored if you helped us to actualize that dream! Borrower Background / Explanation of high DTI I have been a public school teacher for around 13 years and my husband has been steadily employed by the National Park Service and now Chugachmiut, both incomes will be used for the purposes of loan repayment. We are both in our mid 30�s and own our own home and do not have any children, so other than a car payment this would be our only major expense. I earn $ 2,650/mo. net as a teacher, and my husband makes $1,500/mo. net for a combined monthly net of $ 4,150. We could only claim income from one of us, hence the high DTI. Monthly Expenses Before LC Loan: $ 2,145 Housing: $650 (only 8 months of the year, during the summers we live rent free in our summer house which is paid for.) Insurance: $80 Car expenses: $540 Utilities: $130 Food: $400 Loan payments : $220 Student Loan: $125 Monthly Expenses After LC Loan: $3,033. Bottom Line We always keep our promises - as is reflected in our credit history with no late or missed payments. Thanks for considering us as a possible investment. I know that if you choose to do business with us you won�t be disappointed!
12.67%

up keeps
To help purchase items and things for my family so we can live better after a rough year.
13.30%

Need to Consolidate 2 Card Cards
I have 2 Cards (13K and 6K). I would like to get a loan to payoff and close out these cards.
10.14%

college money
loan to pat for college expenses
12.36%

Medical/Payday Loan Vicious Circle!
Hello, and thank you for looking at my request. Due to unforseen medical expenses built on top of my usual bills, I borrowed on payday loans--doing this put me into a hole that I'm having a hard time getting out of, although I make good money. Unfortunately, most of my paycheck goes to pay down on these loans. I would like to use my Lending Club loan to completely pay off the payday loans and the remainder of my medical expenses so my paychecks will be free and clear again! Any help would be sincerely appreciated! Thank you!
13.62%

Clearing the table
Several of my credit cards recently reset to 24%+. A debt consolidation loan with a nominally better rate will allow me to reduce this debt much faster and ultimately allow me to attain much more favorable rate at which to refinance my mortgage by raising my credit score.
18.04%

Personal Loan
Need to pay off overdraft and finance a vehicle.
7.12%

Pay off High Interest cards
I graduated college in august and had no job...so naturally I payed for everything with credit and now I need to pay it off. Now that I have a decent steady job I am paying the cards off, but I would rather give my interest money to people who need it instead of the greedy card companies.
10.78%

refinancing a loan/planning a wedding
Seeking to refinance a current loan for a lower interest rate and upcoming wedding expenses. I greatly appreciate your assistance!
13.93%

new life awaits
lets see, I guess i would try to put a down payment down on house, cause i rent know,small investments,pay bills, and it be great not to be living pay check to pay check. finally get ahead for a change. Sean D Olds thank you
12.36%

Please help me pay off my MBA debt!
Would like to pay off my school debt for my MBA. I graduated last year but now my credit card interest for it is rising. Please help! Actually, lets help each other by letting me get you a nice return on your money!
9.83%