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. Get...
After the rather spectacular fireworks display that Lending Club had going on this time last year, it was not great surprise when the bond buyers who had been snapping up P2P marketplace debt suddenly got a case of cold feet and starting fleeing those marketplace...
Signs of increasing weakness in consumer credit have been mounting for the last several months. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
A lot has been said and written about payday loans. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...
When OnDeck completed its IPO in 2009, it entered the public markets with a massive amount of buzz, ending the day with a share price north of $20 dollars and a valuation around $1.9 billion. Get the Full Story Complete the form to unlock this article...
As an alternative to Federal Plus and private student loans, more students are looking to income share agreements as a way to fund higher education. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
For a lot of Americans, mainstream financial services represent a menu full of goods that aren’t desirable, aren’t affordable or just aren’t applicable. And this isn’t through any fault of their own — the marketplace has changed. Consumers who used to work 9-5 jobs are now...
Alternative lending was supposed to be the way SMEs broke through banking barriers to gain access to capital, enabling them to boost growth opportunities, investment options, commercialization of innovations and employment. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
In a filing Monday, Prosper has reported net losses for 2016 that have more than quadrupled — yet another sign that marketplace lending has a lot of rebuilding to do in 2017. Get the Full Story Complete the form to unlock this article and enjoy...
