What is Principal and Interest?

Woman learns what is principal and interest

One of the most common questions consumers ask is this: what is principal and interest? They’re both terms related to loans, but what do they mean? We believe that financial literacy is a core component of achieving financial empowerment. And understanding principal and interest is key to paying off debt. So let’s take a look […]

Secured vs. Unsecured Loans

Secured vs unsecured?

Should you apply for a secured or unsecured loan? Find out the difference between secured vs unsecured loans before you apply.

Is a Credit Card Balance Transfer Right For You?

Is a credit card balance right for you

A credit card balance transfer lets you move debt from one card to another that has a lower interest rate. Many credit card issuers offer a 0 percent, or otherwise low, introductory APR on balance transfers.

What is a FICO® Score?

Person checks their FICO Score

Most adults in the United States have at the very least, heard of a FICO® Score. However, most lack knowledge of the nitty-gritty of a FICO score – its meaning, how it differs from other credit scores, what it’s used for, why it changes, what a “good” FICO score is, and more. Luckily, Prosper is […]

7 Financial Questions to Ask your Significant Other

Financial Questions to Ask your Significant Other

Valentine’s Day is traditionally a time to celebrate what’s truly most important in life: love, in all its aspects. Finding your soulmate, building a life together, celebrating your partner and all that they mean to you: that’s Valentine’s Day. Love and money—that seems less intuitive for a romantic holiday. But what’s more romantic than setting […]