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Prosper Notice of Data Breach

Prosper Marketplace, Inc. (“Prosper”), a fintech pioneer providing access to affordable financial solutions to consumers across the credit spectrum, today announced that notification letters have

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Prosper Performance Update – October 2025

The Prosper Performance Updates are designed to help our investor community better understand performance trends and provide important insights into the trends we are seeing and the information needed to invest through the Prosper platform.

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Prosper Performance Update – September 2025

The Prosper Performance Updates are designed to help our investor community better understand performance trends and provide important insights into the trends we are seeing and the information needed to invest through the Prosper platform.

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Friends warming up around bonfire in the backyard

Debt repayment myths that could be costing you money

Common debt repayment myths—such as believing carrying a credit card balance improves your credit score—can cost you unnecessary interest fees and slow down your financial goals. In reality, paying off credit card balances in full each month protects your credit health and saves money. Other misleading myths include assuming the debt avalanche method is always best, draining savings to clear balances, or treating all debt as harmful. The best debt payoff strategy is a realistic plan tailored to your budget and financial goals.

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Balancing Act: Why You Shouldn’t Empty Your Savings to Pay Off Debt

You shouldn’t empty your savings to pay off debt because operating without a financial safety net leaves you vulnerable to unexpected expenses that force you back into high-interest debt. Draining retirement accounts early also incurs severe tax penalties. Instead, maintain a starter emergency fund of at least $1,000 while applying a structured repayment plan—such as debt avalanche or debt snowball—to steadily reduce balances without sacrificing safety.

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The ‘no-spend’ challenge: Does it really work to save money?

A no-spend challenge is a short-term commitment to pause non-essential spending for a set timeframe to reset spending habits and accelerate savings. Participants focus solely on essential needs like rent, groceries, and medications for a weekend, week, or month. Setting clear personal rules, planning free activities, and reflecting on impulse spending patterns during the challenge helps you build stronger spending habits and take control of your budget long after the challenge ends.

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Prosper Performance Update – August 2025

The Prosper Performance Updates are designed to help our investor community better understand performance trends and provide important insights into the trends we are seeing and the information needed to invest through the Prosper platform.

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