LendingPoint
LendingPoint is a financial services provider offering personal loans and business solutions across 48 states and the District of Columbia, utilizing AI technology to assess creditworthiness.
Services
LendingPoint offers a range of financial services focusing on personal loans. Loan amounts range from $2,000 to $36,500 with Annual Percentage Rates (APRs) from 7.99% to 35.99%. Customers can choose repayment terms from 24 to 72 months. The company extends its services to consumers in 48 states and the District of Columbia, excluding Nevada and West Virginia. Their comprehensive business solutions include financing options tailored for healthcare providers, contractors, and financial institutions.
AI-Driven Credit Evaluation
LendingPoint uses proprietary AI-driven technology to assess creditworthiness. This advanced system goes beyond traditional credit scores, considering a broader set of financial indicators. This approach aims to provide a more inclusive lending platform by evaluating potential borrowers holistically.
Mobile App Features
LendingPoint offers a fully-featured mobile app designed to enhance user experience and loan management. App users can manage personal loans, track their spending, income, and debt, and monitor their credit scores. The app is part of the company's commitment to providing accessible and user-friendly financial solutions.
Security and Compliance
LendingPoint employs robust security measures to protect personal and bank information, including encryption techniques. The company operates under multiple state licenses and complies with the USA PATRIOT Act for identity verification, ensuring the integrity and security of its services.
Company History
Founded in 2015, LendingPoint has provided over $9 billion in loans. The company has grown significantly and now offers its services to consumers across 48 states and the District of Columbia. LendingPoint continues to expand its offerings and invest in technology to better serve its customers.