Payday Lenders Using Big Data

By | Jul 22, 2013

“A 30-day, $250 loan from LendUp carries a fee of $44, about half the rate offered by competitor payday lenders in California, says Orloff. Over time, LendUp aims to transition responsible borrowers into a 2 percent monthly interest rate loan that can be reported to a credit union or bank. The information helps borrowers establish […]

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