Some of the most common beliefs about debt are actually myths When it comes to debt, you’ll discover plenty of conventional wisdom and old wives’ tales floating around. But should you believe everything you hear? Definitely not. In fact, some of the most common beliefs about debt are actually myths. We debunk seven popular misconceptions […]
Prosper Performance Update: October 2018
Today we are sharing performance data from the Prosper Portfolio for October 2018. Highlights from the October report include: In October, 63% of originations were rated AA-B as Prosper continues to reduce the risk profile of originations on the platform. Dollar WA FICO for the month of October was 716, relatively flat month-over-month and an […]
Prosper to Launch New Digital HELOC Product
Prosper recently announced it will launch a new digital Home Equity Line of Credit (HELOC) product in 2019. The introduction of Prosper’s new HELOC offering marks another milestone for the company, which launched in 2005 at the first peer-to-peer lending company, with more than $13 billion in personal loans originated through its platform to date. […]
Holiday Shopping Season Is Here – Avoid These 5 Mistakes
American consumers are planning to spend an average of $1,000 on holiday shopping this year, up 4% from last year, according to a recent survey. With that much money on the line, it’s more important than ever to be a savvy shopper. With some thoughtful planning and smart strategies, you can still be on track […]
Understanding How a HELOC Works
If you’re planning to make a major home improvement or looking for a smart way to cover a large expense or purchase, you have several options for borrowing money, such as a personal loan or a home equity line of credit (HELOC). Personal loans have grown in popularity because of their simplicity and ability to […]
How to Give Yourself a Financial Checkup
Are you on the road to financial freedom or do you need to make a U-turn? Regardless of your financial situation, November is a great time to take a look at your personal financial situation and make adjustments. Why now, you ask? If you move fast, you will probably be able to make adjustments before […]