Hybrid subprime credit card lender preps ABS

credit card
By Jennifer Kang
13 Feb 2020

Fair Square Financial is issuing a subprime credit card ABS backed by loans originated through a bank partnership, a feature usually seen among marketplace lenders.

Fair Square is a consumer finance company that originates general purpose cards through Bank of Missouri and services the loans through CardWorks Servicing. The company uses "machine learning and advanced statistical techniques" to develop its risk model and marketing plan, according to a pre-sale report by Kroll Bond ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.