One of the pandemic’s most maddening features is its lack of predictability. And, while the Prosper team can’t know the future, we can promise you this: We will continue to serve our borrowers by working with them to manage the challenges they’re sure to face in the coming weeks.
Nearly 15 years ago, Prosper launched as the first peer-to-peer lending platform in the U.S. As of today, more than 1 million people have gotten a personal loan through Prosper!
It’s tax season, and to help Prosper retail investors navigate the process, we’ve created the 2018 Prosper Tax Guide. This guide has general information about the 1099 tax form(s) you may receive from Prosper. To access the Prosper Investor Guide for 2018, click here. If you’re a retail investor who holds Notes from Prosper, here’s […]
This week, Prosper crossed an important milestone on our journey to helping people achieve financial well-being: Over 1 million loans have been originated through the Prosper platform, totaling about $13 billion.
Today, in addition to sharing performance data from the Prosper portfolio for June 2018, we are excited to introduce our new Chief Credit Officer, Ashish Gupta. Ashish joined Prosper in 2017 and was appointed Chief Credit Officer in the beginning of July 2018. In his current role, Ashish oversees all elements of Prosper’s credit strategy, including pricing, underwriting strategy, verification strategy, loss-forecasting, model development, model governance and credit risk aspects of new product development.
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.