While it’s easy to see how savings are an important part of financial well-being, it can be tricky to figure out exactly how much to save in each phase of your life. So, we’re breaking it down and providing practical guidelines to help you nail the numbers for your 30s, 40s and 50s.
In March, we discussed Prosper’s approach to portfolio pricing in a rising interest rate environment. Prosper is committed to delivering value for both sides of the platform by providing a fair price for borrowers and a reasonable return for investors. With this objective in mind, we have been increasing the borrower rates on our platform since March to stay in-line with changes in the interest rate environment (Exhibit A).
Managing debt can be stressful. What if there was a solution that could help you simplify your life? For some people, debt consolidation is an ideal option. Debt consolidation can give you more time to repay your debts, help you save money and streamline your bill-paying process.
Today we are sharing performance data from the Prosper portfolio for April 2018. Prosper is continuing to migrate to a lower risk book. In April, 55.2% of assets were rated AA-B vs. 53.5% in March.
Having better control of your day-to-day and month-to-month finances means you’re better able to absorb bumps in the road, make progress toward your financial goals and, ultimately, have the financial freedom to make choices to enjoy life. We all make mistakes on the path to achieving financial well-being — but the good news is, it’s not too late to fix many of these slip-ups.
Today we’re pleased to announce that Prosper now offers qualified borrowers access to loans up to $40,000. At Prosper, our mission is to help people advance their financial wellbeing. Personal loans offer people a smart alternative to high-rate credit cards for things like debt consolidation and costly home improvement projects. Now, with this new higher loan amount, we are excited to give people even more purchasing power with Prosper’s fixed-rate, fixed term loan product.