Teaching children money skills and other positive financial habits at an early age is one of the most important things parents can do to help their kids succeed. Unfortunately, this lesson often gets overlooked. According to the 12th annual T. Rowe Price Parents, Kids & Money Survey, while an overwhelming majority of parents acknowledge the […]
Prosper Blog
10 Ways to Reduce Air Conditioning Bills in the Summer
The entrance to warmer months means you switch your thermostat from heat to A/C. Yet, this change can cause your electric bill to skyrocket. The Department of Energy (DOE) reports that air conditioners use at least 6% of all electricity in the U.S. And with three-quarters of homes having A/C units, this costs homeowners a […]
How Much Equity Do You Need for a HELOC?
You may already know that a home equity line of credit (HELOC) may be one of the smartest ways to fund significant home repairs, pay for education costs or consolidate outstanding high-interest debt into a single loan at a lower interest rate. But how much equity do you need for a HELOC? In this post, […]
Wondering How Much Equity You Have? Try Our Home Equity Loan Calculator
You’ve worked hard to build equity in your home, but just how much is your investment worth? Our home equity loan calculator gives you a free and instant estimate of just how much money — aka equity — you’ve built into your home! There are two main financial tools which allow borrowers to generate funds […]
Prosper Performance Update – May 2021
Today we are sharing performance data from the Prosper Portfolio for May 2021. Highlights from the report include: In May, approximately 78% of originations were rated AA-B. The average loan size was ~$13K and average borrower income was ~$107K in May, both remaining relatively stable month-over-month. The median monthly payment on Prosper loan to Income […]
What Is a Personal Loan? Here’s Everything You Need to Know
As you explore different financial borrowing options, you may find yourself asking, “What is a personal loan?” For more than a decade now, personal loans nationwide have been growing in popularity, with Experian reporting 38.4 million personal loan accounts in late 2019. Once considered a last option for getting out of debt, today people are […]
