Credit history can haunt job seekers Reports used for much more than simple access to lending
Many banks offer some of the lowest rates available, which is a perk for borrowers with excellent credit. However, those with a thin or not-so-stellar credit history may want to explore alternative options for borrowing a personal loan. ...
History of Peer-to-Peer (P2P) Lending P2P lending, in its present form, dates back to 2005.4Early on, it primarily provided access to credit for people spurned by conventional financial institutions and for students who wanted to consolidate their loan debts at a more favorable interest rate. ...
As is the case with most peer to peer lending sites, the story of Mintos really begins with the credit crisis of 2008-09, when asset values of eastern European banksslumped by two-thirds. As a result, the banks shut their doors and loans became extremely hard to come by. This left the...
Even with the FHA and ECOA on the books, redlining continued in low- to moderate-income (LMI) neighborhoods. In its discussion of this period, the website Federal Reserve History notes, "There is some evidence that overt discrimination in mortgage lending persisted."5 ...
Credit-builder loan Build credit A loan designed to help borrowers with thin or no credit history build credit Bad-credit loan Designed for borrowers with bad credit A loan with low eligibility requirements that doesn’t charge predatory rates Quick loan Fast funding A loan that offers quick —...
The account comes with a free ATM card. Cons To earn the LevelUp rate, you need to deposit at least $250 each month into your savings account. If you miss a monthly cycle, you will earn a lower standard APY. Rate history for LendingClub's Savings account See how rates for this acc...
The government is countering an export collapse by flooding the economy with money to fuel domestic demand. Rapid credit growth poses a risk to the nation’s lenders and a concentration of credit in some industries and businesses may damage the stability of the financial system, the banking regu...
companies like Lending Club and Prosper took advantage of technology to approach lending at the lowest cost in history, enabling a brand new industry to rapidly scale and make headlines. While peer to peer lending as it was originally conceived eventually experienced hardships and is no longer even...
WhiteHorse Capital Provides New First Lien Credit Facility to Westinghouse WhiteHorse Capital provided a new First Lien Credit Facility to Westinghouse Electric & Manufacturing Company, LLC (“Westinghouse”), with proceeds used to support the acquisition of Midwest Equipment Sales, LLC (“MWE”)...