Today we are sharing performance data for the Prosper portfolio for May 2017. The weighted average coupon for assets originated through Prosper’s platform in May 2017 was 16.34%i, the highest for a monthly vintage since 2013. The increase was driven by a pricing increase in the AA, A, and B ratings, as well as a higher […]
Wonder How Personal Loans Work? Your FAQs, Answered
Your trusty, 10-year-old car breaks down and you need to pony up $2,000 for repairs. Or you’re short on cash but realize you haven’t yet booked your trip to the annual family reunion. While it would be ideal to have an emergency fund to tap for car repairs or extensive savings to draw on for hotel […]
Prosper Performance Update: April 2017
Today we are sharing performance data for the Prosper portfolio for April 2017. The estimated return on April 2017 production is 8.04% i, based on the estimated loss assumption of 7.64% ii. The coupon for assets originated through Prosper’s platform in April 2017 was 16.18% iii, an increase of 0.47% from Q1. The increase was driven […]
Prosper Performance Update: March 2017
Today we are sharing performance data for the Prosper portfolio for March 2017. The Prosper portfolio continues to deliver an estimated return above 7% for 2017 vintages. Estimated return on March 2017 production is 7.74% on gross loss expectations of 7.35%. The higher return expectations in the AA-B rating grades reflect the impact of the […]
Six Tips That Could Improve Your Credit Score
Excellent credit is something to strive for, but for most of us, we’re just not there yet. In fact, according to ValuePenguin, the average credit score is less than 700, which is considered only an average/fair score in the eyes of many lenders. Your credit score (also known as a FICO or a Vantage score) […]
Prosper Performance Update: February 2017
Today we are sharing performance data for the Prosper portfolio for February 2017. The Prosper portfolio continues to deliver an estimated return above 7%. During the month of February, we continued to see the expected shift in rating distribution of the book towards higher-risk ratings as a result of the implementation of our PMI7 credit model. […]