Prosper Blog
September 20, 2016
Everything You Need To Know About Debt
By Remi Harrad
With more than 60% of Americans carrying some amount of credit card debt, debt consolidation can help you pay off what you owe faster and help to put you on a path to financial well-being. The first step is understanding what debt consolidation is and what it entails. If you are struggling with debt because you have multiple credit card accounts and loans, you might want to consider debt consolidation.
September 16, 2016
Performance Update: August 2016
By Brad Pennington
Today I am proud to share the Prosper Performance Update for August 2016. As you will see in the Update, estimated returns on the August production continue to be slightly above 7% on average.* The Update also shows that the 2016 portfolio is on track to have the highest Internal Rate of Return (IRR) target since 2013 and the highest average FICO to date. We believe this is a result of policy interventions made throughout 2016. Prosper also believes that these ongoing policy improvements will positively impact delinquency in the new 2016 vintages.
September 1, 2016
Good Debt vs. Bad Debt
By Jennifer Clark
By definition, debt is simply an amount of money borrowed by one party from another. And for most of us, debt is a necessary part of life. We borrow money so that we can buy goods or services that we otherwise could not afford right away. In this sense, all debt is the same: we take now and give back in the future. But because debt can have positive or negative consequences, it’s typically thought of as good debt or bad debt.
August 15, 2016
Dollars & $ense: The Importance of Being Financially Knowledgeable this Fall
By Jennifer Clark
As the sizzle and excitement of long summer days starts to fade into the background and back to school creeps into view, now is the time when millions of Americans should begin to focus on Fall and plan for what lies ahead.
August 9, 2016
Prosper Performance Update: July 2016
By Brad Pennington
Today, I am proud to share the Prosper Performance Update for July 2016. As you will see in the Update, expected returns in the first and second quarter of 2016 production are just above 7.4% on average.* The Update also shows that early delinquency for 2016Q2 vintages is below 2015Q4 and 2016Q1 levels.
August 1, 2016
#MyProsperStory Investor Q&A with Prosper Investor: Matt O’Malley
By Remi Harrad
Matt O’Malley is the co-founder, President and Chief Operating Officer at Looking Glass Investment (LGI), a private investment firm focused on marketplace lending as an alternative to traditional–and often volatile–equity markets. We reached out to learn more about LGI and Matt’s experience investing with Prosper. Here’s what he had to say: