Near Prime news and trends

Americans Are Borrowing Like It’s 2008 … Sort Of
Alternative Finances // May 23, 2017

It took almost a full decade, but Americans’ debt level has reached a new all-time high, surpassing the $12.68 trillion peak it reached in the fall of 2008 — the same time that the Great Recession was earning its place in the history books. According...

ZestFinance To Power Near-Prime Consumer Loan Market
Merchant Innovation // July 16, 2015

ZestFinance, the financial technology company with a focus on credit scoring, said Wednesday (July 15) that it is moving into the near-prime consumer loan market. According to a Wednesday release from the company, ZestFinance is debuting Basix, an online loan offering that it says will...

Interviews & Exclusives
Priming The NearPrime Credit Pump

November 28, 2017
No one is born with an 800 or 400 credit score. As many as 50 million Americans pass through the 600 to 700 score rang at some point in their financial lives. And in the latest Data Drivers, Houman Motaharian, Chief Revenue Officer at LendingPoint, tells PYMNTS' Karen Webster that all credit is not created equal in an era of low savings.

Americans Are Borrowing Like It’s 2008 … Sort Of

May 23, 2017
It took almost a full decade, but Americans’ debt level has reached a new all-time high, surpassing the $12.68 trillion peak it reached in the fall of 2008 — the...

Quick Reads
ZestFinance To Power Near-Prime Consumer Loan Market

July 16, 2015
ZestFinance, the financial technology company with a focus on credit scoring, said Wednesday (July 15) that it is moving into the near-prime consumer loan market. According to a Wednesday release from the company, ZestFinance is debuting Basix, an online loan offering that it says will “provide much-needed credit for millions of middle-class Americans often denied […]