“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 […]
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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 […]
Prosper Performance Update – March 2019
Always Over Budget? Dodge These Psychological Spending Traps
It happens to everyone. We spend more than we make in a given month, or worse, every month. Sometimes there is a valid reason, such as an unexpected necessary expense like a car repair or medical bill. But too often, there is no apparent reason for our dwindling cash flow. Or is there? Advertisers and […]
Celebrating National Financial Literacy Month: 5 Articles to Jumpstart Your Financial Well-Being
April ushers in National Financial Literacy Month at a time when statistics show that most of us could use a refresher in financial education. Recent reports indicate that the average American has five times more in credit card debt than they do in savings. According to CreditDonkey, the average person’s credit card debt in the […]