Tagged: subprime

February 24, 2024 @ 2:32 pm By Omar Faridi  |  

Varun Surapaneni from Neuberger Berman notes that the percentage of past-due loans “to riskier consumers has begun to flatten, while newly issued paper is carrying higher interest rates.” In an update titled, A Turning Point in Sub-Prime Credit, Varun writes that “after a challenging period… Read More

May 25, 2021 @ 8:12 am By JD Alois  |  

A UK court has rejected a plan to address mis-selling by sub-prime lender Amigo (AMGO.L) causing shares to sink by 50%. Amigo offers loans to individuals from £2,000 – £10,000 over terms between 12 and 60 months, with a maximum APR of 49.9%. In 2020,… Read More

October 6, 2015 @ 11:01 am By Erin Hobey  |  

Not yet a toddler, the three month old loan service Basix has hit some enviable milestones. California-based online lending startup, ZestFinance, has secured a $150 million debt financing deal with global investment giant Fortress Investment Group for Basix. Founded in 2009 by former Google CIO Douglas Merrill, ZestFinance… Read More