Prosper’s Monthly Performance Updates are designed to help our investor community understand performance trends on the Prosper Platform. During the month of May, approximately 96% of originations were rated AA-B compared to 80% the prior month, driven by credit tightening in response to the current environment. Read more for additional insights into May’s performance.
Secured vs. Unsecured Loan: What to Know Before You Apply
If you’re looking to apply for a loan, it’s important to understand all the options available. Not every type of loan will be right for your situation, so research is key. Loans are either secured or unsecured. But what does that mean? We’ll explore secured vs unsecured loans, how they work and the benefits they […]
Prosper’s COVID-Relief Programs Help Borrowers Impacted by the Pandemic
Over the past several months, as Americans across the country stayed home to help slow the spread of COVID-19, unemployment numbers have skyrocketed. Many people have been laid off or furloughed, making it difficult and stressful to stay on top of their finances. In response to the pandemic, Prosper has been actively working with its […]
