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.
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 […]
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!