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LendUp's CEO posted a response here: https://library.gv.com/google-is-right-to-ban-short-term-loan-ads-but-i-wont-stop-offering-short-term-loans-here-s-why-3f38
by lpolovets 10y ago
LendUp's CEO posted a response here: https://library.gv.com/google-is-right-to-ban-short-term-loan-ads-but-i-wont-stop-offering-short-term-loans-here-s-why-3f386e6fbeba#.nhwfuxmo7 https://library.gv.com/google-is-right-to-ban-short-term-loa...
- illumen 10y agoIn conjunction with ex CTO of Zynga, who say they are not a gambling company.
- x0x0 10y agoblah blah blah, filled with mistruths too eg If your score is below 680 and you don’t already have a “respectable” credit line, there are few paths for you to get ahead. That's cap1's core customer base, and they report to all 3 CRAs and will allow you to move up in quality in their cards then transition to prime lenders.
- scarface74 10y agoAnd considering that you can get an FHA approved mortgage with a less than 5% APR (including PMI) with a 600 credit score, I can't help but agree.
- lujim 10y agoYou said it right there though. FHA approved which means Uncle Sam (who has a decent credit rating and the ability to print US Dollars) has your back AND it's considered a secured loan since the house itself is collateral.