Individuals and communities have increasingly become “Earth conscious,” making heroic efforts to save our planet from climate change, deforestation, pollution and other threats. While taking personal responsibility to repair the world may seem like a daunting task, it is actually a lot easier—and more affordable—than you may think. After making an investment in Mother Earth you can even save money. That means more green in your pocket in exchange for a greener, cleaner planet.
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. This credit score plays a critical role in whether or not you’re approved for credit and has a significant impact on the loan offers that you receive.
Today we are sharing performance data from the Prosper portfolio for July 2017. Our risk team implemented a credit tightening in July aimed at removing certain populations of borrowers from originations on a go-forward basis. As a result of this credit tightening, the overall distribution of the book shifted slightly towards lower risk loans. This slight shift resulted in an overall portfolio coupon decrease of 45bps and an overall return estimate decrease of 26bps.
With the summer winding down, college students across the country are preparing for another year of learning, and many are also preparing to manage life expenses while they focus on schoolwork. Everyone knows the cost of tuition is sky-high, but housing, books, and miscellaneous living expenses can add up just as fast. According to the College Board, these costs can average an extra $15,000 on top of tuition and fees at a four-year in-state school.
Today Prosper reported significant growth during the second quarter of 2017. Driven by strong demand for its personal loan product, Prosper facilitated $775 million in loan originations through its platform, up 32% quarter-over-quarter and 74% year-over-year. The company also grew transaction fee revenue 32% quarter-over-quarter and 84% year-over-year. “We are very pleased with our second quarter […]
Today we are announcing that we’ll be discontinuing the Prosper Daily app as of August 31st. To help our users through this transition, we’ve teamed up with Clarity Money, a personal finance app that offers many of the same features as Prosper Daily. Since its launch in 2016, Prosper Daily has helped people track their […]