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 […]

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 […]

Free FICO® Score Tracking Now Available in Your Personal Loans Account

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We know how important your credit score is to your financial well-being. That is why we have brought your FICO® Score to your Prosper account, for free! Did you know: 90% of top U.S. lenders use FICO® Scores as the gold standard for credit readiness. FICO is committed to credit education and empowering consumers to take better […]

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