We may be seeing a tipping point for debt — where gains in personal loan borrowing come at the expense of pricier credit card debt. It’s a change that also signals that consumers are refocusing on controlling the monthly expenses they can control. The Federal...
In navigating the credit cycle, in getting ready for what comes next, prudence is the best policy. Not just for the lenders — for the borrowers, too. So far into earnings season, the banking and credit card companies have noted that consumer has remained resilient,...
Online lender LendingPoint announced Tuesday (Sept. 19) that it had closed an up to $500 million credit facility on Aug. 22. In a press release, the company said the credit facility was arranged by Guggenheim Securities. LendingPoint noted it drew down $138.5 million of the...
Managing student loan debt can be a daunting task, but Credible wants to make it easier. And now it has the money to try. The San Francisco-based startup announced yesterday (Feb. 19) that it has raised a total of $2.7 million in seed financing, according...
December 05, 2022
JG Wentworth has acquired FinTech and personal loan lender Stilt’s digital lending platform. With the acquisition, JG Wentworth, a consumer financial services company, will accelerate its entry into consumer lending, the company said in a Monday (Dec. 5) press release. “The Stilt platform will provide industry-leading digital capabilities to JG Wentworth’s customers with a user-friendly experience and […]
September 20, 2017
Online lender LendingPoint announced Tuesday (Sept. 19) that it had closed an up to $500 million credit facility on Aug. 22. In a press release, the company said the credit...
February 20, 2015
Managing student loan debt can be a daunting task, but Credible wants to make it easier. And now it has the money to try. The San Francisco-based startup announced yesterday...
