Online consumer lender LendingPoint is gearing up to issue its first ever rated ABS, according to documents filed with US Securities and Exchange Commission this month.
While LendingPoint originates loans to prime borrowers, the lender focuses mainly on the subprime borrower segment. The company makes use of alternative data points beyond personal credit scores, looking at things like job history and debt-to-income ratios. Its near prime borrowers have a score of 700 or below
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
Or sign up for a trial to gain full access to the entire site for a limited period.
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.