The Performance Update for April 2020 is now available. In April, approximately 80% of originations were rated AA-B compared to 66% in the prior month, driven by credit tightening in response to changes in economic conditions related to COVID-19. Read the full report for more details.
The Prosper Performance Update for March 2020 is now available. In March, approximately 66% of originations were rated AA-B. The dollar-weighted average FICO score on the platform was 725, representing a 2-point increase month‑over-month.
The last several weeks have been unprecedented for our country and the world. At Prosper, we have been closely monitoring the rapidly changing environment and the impact that COVID-19 will have on overall unsecured credit performance.
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.
Today we are sharing performance data from the Prosper Portfolio for December 2019. The Prosper Performance Updates are designed to help our investor community better understand performance trends and to provide important insights into the trends we are seeing and the information needed to invest through the Prosper platform.