Today we are sharing performance data from the Prosper Portfolio for February 2020.
Highlights from the report include:
- In February, approximately 65% of originations were rated AA-B. The dollar-weighted average FICO score on the platform was 723, representing a 3-point increase month‑over-month.
- The weighted average annual income of borrowers on the platform in February was $116,000. This represents a 7% increase year-over-year and remained relatively flat month-over-month.
- The weighted average borrower rate for February originations declined by 24 bps month-over-month, due to a shift in Prosper Rating mix.
Portfolio insights and key charts can be found here.
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.
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Whether you’re looking for a personal loan for anything from debt consolidation to home improvement and healthcare financing, Prosper can help. And it doesn’t stop there as Prosper also offers the Prosper credit card, and home equity options in the form of a home equity line of credit.