Anyone still using Prosper? Looking for advice....

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A VERY good friend of mine is creating a listing and here is the story.....

She has been married for about 3 years and has a 5 year old son with her husband. They have been seperated for 6 months now and has been trying to get a divorce. The guy is somewhat bi-polar I guess, because one day he is like ok lets be civil and then the next, he is like, fuck you! This guy has 2 other kids from a previous marriage and I guess really is a pretty good dad. The thing is that they had nothing that they owned together. His family owns a mechanic shop and he works for them and get paid like a measily 25k or so a year, but his old man pays ALL of his bills. The house they lived in was owned by the old man. All she wants is to be divorced, but the guys family is willing to spend any amount of money to make sure that he does not have to pay child support.

He has made it perfectly clear, that he does not care how much he see's the kid, but he refuses to pay child support and the only way that works is if he has joint custody or what not.

No that you have the back ground, here is my question....

She has limited credit history, not bad credit, but just not a lot of credit.

She found a lawyer who is a friend of a friend and he is going to charge 3k for the whole thing and she does not have it.

What should she include in her story on prosper? Should she make the guy look like an ass? Should she mention that she would like to have the ability to move out of the state or would that turn some bidders off?

I am 100% certain that she is going to pay it back and if she would have come to me 5 weeks ago, I would have stroked a check right away, but since then I have tied up too much money in a business venture, that I am already getting worried and may need to borrow some money from a friend myself.

Any ideas on how to help her write a profile that would get funded would be great.
 

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just cut and paste what you wrote here... but honestly I've rarely heard of anyone getting out of paying child support... also, that lawyer should be able to set up a payment plan for the $3000.
 
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just cut and paste what you wrote here... but honestly I've rarely heard of anyone getting out of paying child support... also, that lawyer should be able to set up a payment plan for the $3000.

I had not heard of it either, but I guess the way it works is that they will have joint custody meaning he has him just as much as her and the fact that they make ruoghy the same because of how his daddy pays all of his bills.

The lawyer is a friend of a friend and is giving her a break already and only charging the 3k. He did say that he would get started for 1500 and she can work on the other 1500, but I think that is all he willing to do.
 

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Trust me, he's not getting out of child support. Joint custody doesn't mean that one or the other gets out of child support. My wife has joint custody of our oldest and she still receives child support from her ex. He can say whatever the hell he wants to but in the end he will end up paying.
 
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First off, would 100% agree with everyone else...No way get's away without paying Child Support...

But let's get down to Business.......

What kind of job does She have ?? and How Much does she get paid ??
About ??? ( I know you said about the same $$ )
 

WVU

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He will be forced to pay child support, but it will not be much considering it is based on income. A measley 25k a year as you put it is not that bad considering his Dad pays all the bills.

As far as the prosper loan, just browse through all the other sob stories. Tell her to be honest and upfront about why her credit was not so great. Failed marriages = financial ruin so she will have to concentrate on explaining how she is going to repay the loan.

Prosper lenders do not really want to hear sob stories. They want to see credit worthiness and a real ability to repay the loans. Exact numbers do much better than vague promises.
 
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That was going to be my next question as WVU said....

They Only care about HOW and CAN she repay the loan.

No Credit isn't as bad as Bad Credit.....But can she Repay it !

She Needs to lay out a " Game Plan "
 

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I threw $100 in there way back when, when that thread first started just to see how it goes.

2 loans for $50 each very high risk. AVG 18%.
Both are paying like clockwork.

I was going to throw some real money in there later on, but got scared of all the subprime loans that was going into default.

If people are defalting on there houses at record levels, I can just imagine the prosper loans being even worse.
 
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Sorry for the delay guys, I was away all day......

I know nothing about child support myself, but what he had told her makes sense to me, that if they are going to have "joint custody" and she makes just as much as he does, I could see where there would be no child support. Like I said I am clueless as far as child support goes (knock/wood)....

She is a mortgage loan processor and made 31k last year with bonuses, but with the market the way it is right now, I am sure she will make less. She iis on a 25k a year salary though, so that is worst case.

She has already indicated her willingness to get a second job and I may even have her pick up a few shifts at my bar to help her out, but the only thing that would work for her is weekends because of her day job and she has her son every other weekend. (and everyday during the week except tuesdays)

Her bills are not bad at all and I know she is the type of person who is terrible at saving, but excellent at paying bills. She spends her extra money once bills are paid.

Her housing is about to improve as she is going to be living at a friend of mines investment condo that is at least 8 months out of foreclosure and he is giving a real sweet deal! (750k condo for 725 or so a month with utilities included)

So I guess the main question is on her sob story, should she tell the truth and make the husband look like an asshole or would that turn people off as she may come across as a bitch? Also, should leave the part out that she may wish to move her son out of state as this may also make people feel for the prick husband?

Thanks guys, I will be around later tonight as am doing the rare thing and staying in this Friday.
 

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ask for more money, sounds like she'll need it to cover moving expenses and also will need to hire a lawyer to handle the legal stuff that will take place once she tries to leave the state... sounds like a mess, my advice to you is to wish her luck as you're not sure what she should do.
 
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Buddy- I suggested that to her and she said she wants to do it obe step at a time and not get in over her head. I am sure she will not consider moving until she has a little nest egg of her own and not loan hanging over her head. She really is a level headed girl, guy was a real douche for letting her leave him.
 

Rx. Senior
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If it is only $3000, then why dont you just float the loan?


Even if she doesnt pay it back, it is only $3000. You probably will bet that much today!
 

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If it is only $3000, then why dont you just float the loan?


Even if she doesnt pay it back, it is only $3000. You probably will bet that much today!


Because her bet might lose....... umm I mean there could be unforeseen problems :missingte
 

Rx. Senior
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I have heard of alot of people deafulting on their prosper loans lately. Of course they have bad credit, but the amount of lenders on the site is wayyyy down now.

To be honest, as a lender, you can get more money by buying CD's than the interest that a A loan borrowed will give you
 
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If it is only $3000, then why dont you just float the loan?


Even if she doesnt pay it back, it is only $3000. You probably will bet that much today!


Simply put, if it was about 2 onths ago I would, but I made an investment and right now I am not able to. This is the lowest my cash on hand has been since the feds seized my accounts.... It is so bad, I am betting less now than what I was 19. I am waiting on some things to shake free to get me liquid again and I do not know when that will happen.
 

Rx. Senior
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Why would the FEDS freeze your accounts??


By the way NO ACHOVIES, that was hilarious! I know EXACTLY what you were meaning to say!
 
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Why would the FEDS freeze your accounts??


By the way NO ACHOVIES, that was hilarious! I know EXACTLY what you were meaning to say!

I was arrested for and later pled guilty to violation of "the wire wager act".
 

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