It happens to everyone. We spend more than we make in a given month, or worse, every month. Sometimes there is a valid reason, such as an unexpected necessary expense like a car repair or medical bill. But too often, there is no apparent reason for our dwindling cash flow. Or is there? Advertisers and […]
Celebrating National Financial Literacy Month: 5 Articles to Jumpstart Your Financial Well-Being
April ushers in National Financial Literacy Month at a time when statistics show that most of us could use a refresher in financial education. Recent reports indicate that the average American has five times more in credit card debt than they do in savings. According to CreditDonkey, the average person’s credit card debt in the […]
Prosper Performance Update – February 2019
Today we are sharing performance data from the Prosper Portfolio for February 2019. Highlights from the report include: In February, 66% of originations were rated AA-B and the dollar weighted average FICO was 719, relatively flat month-over-month. Weighted average income of borrowers on the platform in February increased by $13,964 year-over-year. Weighted average borrower rate […]
How the Financially Savvy Put Their Tax Refunds to Work
Once you file your 2018 tax return, it’s time to celebrate with your refund, right? Yes, but just not the way you might think. Last year, the Internal Revenue Service (IRS) said the majority of taxpayers received an average refund of $2,800. Although spending a few grand on a big, shiny object might feel good […]
What Savvy Borrowers Should Know About Variable Interest Rates
When it comes to figuring out if a particular loan could be a good fit for your financial situation, interest rates are an important consideration. After all, your interest rate is a key factor in the total cost of borrowing. There are two main types of interest rates: fixed and variable. Here we’ll take a […]
Prosper Performance Update: January 2019
Today we are sharing performance data from the Prosper Portfolio for January 2019. Highlights from the report include: In January, 65% of originations were rated AA-B and the dollar weighted average FICO was 719, an increase of 2 points month-over-month. Weighted average income of borrowers on the platform in January increased by $15,509 year-over-year. Weighted average […]