Personal Loan News

30
Jan
Biggest Securitization in Marlette Funding’s History

Marlette Funding closed their first securitization of 2018, which also happened to be the biggest such deal in company history. On Jan. 29, Marlette Funding, LLC, said it had just moved ahead with its fifth proprietary MFT securitization. Marlette Funding is the parent company to Best Egg, a company which helps people get unsecured personal loans.In […]

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30
Jan
MetaBank Forms Partnership With Online Lending Company

MetaBank and Liberty Lending recently announced a three-year partnership involving personal loan lending. Last week, MetaBank and Liberty Lending announced the beginning of a three-year partnership between the two companies. MetaBank will begin offering personal loans to Liberty Lending’s customers; the program will be jointly promoted through a number of different

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18
Jan
Goldman Sachs Will Offer Personal Loans Aimed at Home Improvement Projects

Through their online loan platform Marcus, Goldman Sachs will now offer home improvement loans.Goldman Sachs is continuing to make efforts toward improving its performance in the consumer lending market. They are now offering home improvement loans through their online loan platform, Marcus by Goldman Sachs.The home improvement loans will be given as unsecured personal loa

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17
Jan
Third Quarter 2017 Showed an Increase in Personal Loan Delinquency

The American Bankers Association (ABA) Consumer Credit Delinquency Bulletin recently revealed that closed-end loan delinquencies increased in the third quarter. Delinquencies are tracked in eight categories for closed-end loans in a composite ratio.That ratio, although it increased in the third quarter by 12 basis points to a level of 1.68 percent, is still lower than [&he

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16
Jan
New York-Based Startup Raises $42 Million in Series B Funding

MoneyLion, which is based in Manhattan (above), just raised $42 million in Series B funding. MoneyLion, an app that helps consumers manage their savings, wealth management, and borrowing, just raised $42 million in a Series B funding round. The company was founded in 2013 and has since raised a total of $67 million. The startup is […]

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11
Jan
New Chief Financial Officer Named for Marlette Funding

Marlette Funding, LLC, recently appointed Mark Elbaum to the position of chief financial officer (CFO). Marlette Funding is the parent company of Best Egg personal loans, an unsecured personal loan product.Elbaum will be based at the company’s headquarters in Wilmington, DE. He’ll coordinate the accounting, finance, and capital markets activities, and collaborate with

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09
Jan
New Mexico Bill Proposal Would Provide Alternative Lending to State Employees

Recently proposed legislation would allow New Mexico state employees to take out short-term personal loans and then repay them through their paychecks.This bill was introduced by Democratic state Senator Bill Tallman, who previously worked as a city manager for several medium-sized cities across the United States. "It's a nice benefit we can give to state […]

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21
Dec
Startup Affirm CEO Clarifies that Product Is a Personal Loan – Not a Credit Card

Consumers looking for a personal loan option have another one to consider in Affirm, which is a startup from PayPal co-founder Max Levchin. With Affirm, consumers can access a loan, a form of credit, to buy items at a store, which was originally interpreted to be similar to how a credit card works.But Levchin has […]

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20
Dec
Braviant Holdings Launches a Personal Loan Product to Near-Prime Consumers

Braviant Holdings recently made the leap in to the personal loan industry, dishing out personal loans for up to $10,000 to consumers in California. The loans go through Braviant Holding’s Chorus Credit, a platform for online lending.Braviant Holdings, based out of Chicago, is a financial tech company whose services are aimed at those who find […]

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19
Dec
Marlette Funding Announces New Chief Strategy Officer

Sabrina Basht was promoted to the position of Chief Strategy Officer (CSO) for Marlette Funding, the parent of Best Egg, on Dec. 18. Basht has been with Best Egg since 2014, when she began as general manager, partnerships.During the last year, she’s been working on devising what the next step for the company will be […]

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