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by ieatbigcookies
3690 days ago
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“Tally solves problems that customers have managing multiple credit cards, incurring charges or fees, and not knowing which one to pay first,” Flynn said. “Theirs is an elegant solution that can apply to a lot of people.”
“The investment community has gotten comfortable with non-bank entities originating loan assets,” Brown said.
Institutional investors were pulling back from buying marketplace lender debt even before the Lending Club nonsense. IMO only dumb money is going to be interested in loaning money at less than credit card rates to consumers who will use the funds to pay off their credit card debt. Maybe a year ago.... |
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