LendingPoint, a near prime lender, has significant room for growth with the closing of their latest credit facility; the company...
Online near prime lender LendingPoint to boost expansion into point-of-sale with acquisition of LoanHero. Source
LendingPoint is a near prime lender; in the interview the LendingPoint team discusses how their algorithms work to take thousands of attributes to determine which ones are most predictive; the company is now partnering with hospitals for patients to obtain credit on the spot; LendingPoint originated around $28 million in loans in October with about 60% of applications coming through mobile devices. Source
CEO Tom Burnside from LendingPoint provides his insight on how to be successful in the online lending business in this featured blog post; gives five factors for success; Tom Burnside is optimistic about the industry's growth and potential as well as the success of LendingPoint; in 2016, LendingPoint gained steadily as it continued to focus on providing credit for underserved consumers through fair credit underwriting. Sponsored Blog Post
Often in these pages we focus on the more established online lenders, many that have been around for 10 years...
It’s not often we report on acquisitions in fintech. From my perspective this is because the industry is still relatively...
LendingPoint plans to expand its online balance sheet lending services nationwide with support from a new partnership with FinWise Bank; LendingPoint currently offers loans in 26 states with nationwide expansion now planned for the first half of 2017; the firm uses a proprietary credit model that seeks to provide loans for fair credit consumers with credit scores ranging from 600 to 700; LendingPoint has funded more than $185 million in loans; its loans range from $3,000 to $20,000, with terms from 24 to 48 months. Source
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[Editor’s note: This is a guest post from Tom Burnside, CEO of LendingPoint. LendingPoint is a Platinum Sponsor at...
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