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 […]
If you’re like the average American who has thousands of dollars in credit card debt, you might be considering a credit card balance transfer. Such offers can be a real solution for lowering your credit card interest rate and paying off your balance sooner; however, there are some caveats to those benefits that you need […]
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 for March 2019.
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 […]
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 […]