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?
Today Prosper reported growth in both transaction revenue and loan originations for the third quarter of 2017. Continued demand for Prosper’s personal loan product resulted in $822 million in loan originations through its platform, up 6% quarter-over-quarter and 164% year-over-year. The company also grew transaction fee revenue 5% quarter-over-quarter and 164% year-over-year.
When you ghost a person, you suddenly and with no explanation stop communicating, poof – into the ether, never to be heard from or seen again, you just cut it off. When you ghost on your finances you decide you’re not going to deal with them, you refuse to be in dialogue with the numbers and you won’t admit to yourself why.
There’s a chill in the air, grocery stores have their candy shelves fully stocked, and everything is just a little bit spooky, with plenty of haunted houses and new horror movies premiering. It’s the season to face our fears — and for many, nothing is quite as scary as our finances.
If you are like the majority of Americans, you have a mound of debt that you are eager to pay off. In fact, the New York Federal Reserve released a report that the total household debt for Americans reached $12.73 trillion in 2017, surpassing the 2008 peak. Yikes!
Today we are sharing performance data from the Prosper portfolio for September 2017. This month credit tightening in the higher risk segments continues to slowly shift the portfolio to a higher concentration of lower risk assets (44.0% of assets were rated AA-B in September compared with 41.9% in August).