There is a popular stereotype that millennials are too busy drinking expensive lattes and eating organic avocado toast to make progress toward financial goals. However, actual spending data shows that spending habits of millennials do not really differ much between the generations from other generations.
If you’re considering personal loans, you may want to understand how companies determine loan offers that are customized just for you. The short answer is your credit history. Three credit agencies (TransUnion, Equifax and Experian) track a large amount of data tied to your credit history, and the credit story this data tells factors into your credit score.
Today we are sharing performance data from the Prosper portfolio for February 2018. In addition to the update, we recently made pricing changes on our platform in light of the 25bps Fed rate increase. This update is part of our ongoing efforts maintain a balanced marketplace that builds value for both borrowers and their investors.
Earlier this week in anticipation of the Fed Rate hike, we discussed Prosper’s approach to portfolio pricing in a rising rate environment. Our goal with rate-setting is to deliver value for both sides of the Prosper platform by providing a fair price for borrowers and a reasonable return for investors.
It may still be cold in some parts of the country, but despite what any groundhogs may have to say about it, it is officially spring. Before we get into the full swing of summertime fun and relaxation, however, it’s time for a little spring cleaning. A financial spring cleaning.
When the Federal Reserve next meets on March 21, many are speculating that there will be a rate hike. In addition, many indicators are pointing to the US finally entering a rising rate environment after years of record low rates. In light of this, it’s timely to provide Prosper’s investors with an update on our approach for portfolio pricing in a rising rate environment.