Online lenders tighten standards as recession fears grow

By Jennifer Kang
20 May 2019

Online lenders are shifting towards higher quality borrowers as fears of an imminent recession increase.

Lenders say they are moving up the credit spectrum this year, narrowing the range of FICO scores they will target for originations.  

“Online lenders have definitely tightened standards,” a personal loans ABS issuer told GlobalCapital. “Last year, we’ve seen some underperformance in the lower grades, the riskier part of ...

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