When the Federal Reserve next meets on March 21, many are speculating that there will be a rate hike. In addition, many indicators are pointing to the US finally entering a rising rate environment after years of record low rates. In light of this, it’s timely to provide Prosper’s investors with an update on our approach for portfolio pricing in a rising rate environment.
Today we are sharing performance data from the Prosper portfolio for January 2018. Credit tightening continues in the riskier grades, shifting the portfolio to an increased concentration of lower risk assets: 54.3% of assets were rated AA-B in January vs. 49.5% in 2017 Q4 and 41.8% in 2017. Additional highlights from the January update include: […]
If you’re not a fan of numbers or math, the word “budget” likely makes you squirm. Yet, if you’re trying to get on top of your finances—and who isn’t? —you need to make peace with budgeting. Thanks to digital tools, setting up and maintaining a budget doesn’t have to be as painful as long division or mental math. There are easy solutions for managing every part of the budgeting process and they make the life of every math-hating budgeter easier.
If you’re struggling with credit card debt you’re not alone. In fact, the average card-carrying adult has a balance over $5,000 on their plastics. You may be in good company, but you’re not in a good position! Once you’re in debt those credit card interest rates can to start accumulate quickly, making it hard to get on top of your finances.
Whatever special event you may be planning, budgeting is essential to ensure costs don’t spiral out of control and put you in debt. Even professional party planners will tell you that when there are multiple vendors and fees it can be easy to lose track of expenses. So, before calling the caterer or DJ, make sure you have a good idea of what you can reasonably afford and set a budget.
It’s tax season! To help navigate this process we’ve created a 2017 Prosper tax guide with general information about the 1099 tax form(s) you may receive from Prosper.