LendingPoint closes first revolving consumer loan ABS

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By Jennifer Kang
22 Oct 2020

Online consumer lender LendingPoint has closed its first ever revolving loan ABS backed by non prime loans in a move to expand its presence in the securitization market.

The Georgia-based marketplace lender made its securitization debut in 2019, and has since grown its ABS program into a larger part of its overall funding pool. LendingPoint provides online personal loans and point of sale loans to retail and service providers through its Merchant Solutions platform. 

“The ...

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