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Credit Card Companies’ Focus On Subprime Increases Rate Of Missed Payments

PYMNTS

Credit card companies have not been shy when it comes to lending to subprime customers , but according to new data from TransUnion, that strategy is starting to backfire for the credit card issuers. percent for credit cards issued in 2014 and 1.5 percent for credit cards issued in 2013.

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Cryptocurrency risks, rewards and red flags for financial institutions

Abrigo

Today’s cryptocurrency platforms also offer crypto-backed loans, allowing users to leverage their portfolios as loan collateral in a system similar to securities-based lending. But instead of providing a fraction of a percent in interest, cryptocurrency platforms often offered interest amounts closer to 10% on certain digital assets.??

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Opploans Personal Loans Review: For Borrowers With Bad or No Credit

MyBankTracker

APRs are lower than predatory lending options. In the short-term, you can give your score a small boost by reducing your credit card debt and avoiding applying for credit cards in the months before you submit an important application. The best way to reduce this ratio is to pay off existing debts, like credit card debt.

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Chime, Uniswap, and the future of finance could soon struggle

Lex Sokolin

To the extent it pipes people to banking product, that goes to a $500 million market capitalization public company that makes prepaid cards. Instead, it is replacing payday lending as an industry. lending/trading/saving), and are computing concurrently on a giant programmable blockchain network. No shenanigans.

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