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.
Today we are sharing performance data from the Prosper Portfolio for November 2019. In November, 62% of originations were rated AA-BB. The dollar-weighted average FICO on the platform was 719, relatively flat month-over-month.
Today we are sharing performance data from the Prosper Portfolio for October 2019 Highlights from the report include: In October, 64% of originations were rated AA-B. The dollar‑weighted average FICO on the platform was 720, relatively flat month‑over-month. The weighted average income of borrowers on the platform in October was ~$106K, relatively flat month-over-month. The […]