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 […]
7 Financial Questions to Ask Your Partner
For most couples, discussing finances isn’t exactly romantic—at times, it’s downright awkward. This Valentines day, we want to help couples avoid those awkward and potentially damaging conversations. Here are seven important questions every couple should discuss before taking the next big step, whether that’s moving in together or getting married. How much have you saved? According […]
Simple Tips for Saving Money on Your Energy Bill This Winter
With much of the country battling record low temps, it’s never too late to look at ways to make your home more energy efficient. With a few adjustments, you can save money on your winter utility bills while staying warm and comfortable. We’ve compiled our favorite tips, many of which are easy and inexpensive to […]
Prosper Performance Update: December 2018
Today we are sharing performance data from the Prosper Portfolio for December 2018. Highlights from the December report include: In December, 62% of originations were rated AA-B and the WA FICO was 717, an increase of 9 points since year-end 2017. Average loan size on the platform was $13,305, approximately $296 lower than the first […]