Today we are sharing performance data from the Prosper Portfolio for May 2019 Highlights from the report include: In May, 66% of originations were rated AA-B and the dollar weighted average FICO was 717, relatively flat month-over-month. The weighted average income of borrowers on the platform in May increased by $7,957 year-over-year, to $103K. The […]
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Your Credit Score Just Dropped: Here’s Why
Did you get an unwanted surprise recently when checking your credit score? Before you panic over an unexpected drop, understand that everyone’s credit score fluctuates based on several factors, most of which have relatively easy fixes. Ask yourself if one of these common culprits is to blame for your credit score drop. Did you recently […]
Paying for a Summer Vacation: Your 3 Best Options
Summer is here and vacations are calling. Whether you’re dreaming of an exotic trip or a weekend getaway, it can get pricey fast. Wondering if you can afford a summer vacation, and if so, what’s the best way to pay for it? Estimate the Cost and Adjust As Necessary Last summer, Bankrate estimated a vacation […]
#MyProsperStory Spotlight
“I’ve lived most of my life paycheck-to-paycheck, always fearful of some catastrophic expense. Debt had become so normalized that I didn’t even blink as I took on more and more. I had my share of credit cards and paid more than the minimums, but never really made headway toward paying them off. As time has […]
Prosper Performance Update – April 2019
Today we are sharing performance data from the Prosper Portfolio for April 2019. Highlights from the report include: In April, 65% of originations were rated AA-B and the dollar weighted average FICO was 717, relatively flat month-over-month. Weighted average income of borrowers on the platform in April increased by $9,493 year-over-year. The weighted average borrower […]
5 Ways to Pay for a Home Improvement Project
If you’re dreaming of a new kitchen, master suite or outdoor deck and you’re not sure how to finance it, there are several options you can consider. The key is figuring out the best option for your situation. Your Home as Collateral Since you’re planning a home improvement, it often makes sense to secure financing […]