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.
Credit cards are convenient and popular—76% of Americans have at least one—but have you ever stopped to consider how much your credit cards really cost? Your credit cards might be a more expensive way to borrow money than you realize, putting you on a path toward overwhelming debt and a declining credit score. The answer to how much credit cards truly cost depends on two main costs: fees and interest.
What would it be like to live debt-free? Can you imagine the positive feelings of freedom and financial well-being? Unfortunately, only 25% of Americans are living in this reality right now. If you want to start down the path toward a debt-free life, try borrowing a page from people who have already found success. Check out these 10 habits of debt-free people that you can adopt.