Fintech lenders are taking an unprecedented step of using artificial intelligence (AI) to offer personal loans to consumers with low credit scores or even no credit scores. In fact, one fintech startup lending platform called Upstart is soon going to offer small-dollar consumer loans at a less...
When shoppers know they can buy what they want at a fraction of the total amount due at checkout, they may be more likely to make a purchase. After all, who wants to limit their shopping to payday when they can enjoy their new goodies immediately?
t fear regulatory action because the loans don’t contain controversial “balloon payments.” He also claims that Rise loans, unlike those of other last-resort lenders, offer customers a means to build up their credit score, and that interest rates can go down to as low as 36% for repeat...