Debt Consolidation news and trends

Experian Teams With Paylink to Debut Debt Consolidation Solution
Partnerships // September 02, 2024

Experian has teamed with affordability software/payments firm Paylink to introduce a debt consolidation solution. The partnership, announced Monday (Sept. 2), leverages Paylink’s ReFi product to expand access to credit for a broader range of consumers through the Experian Marketplace. “Debt consolidation remains the number one...

Debt Consolidation FinTech Tally Shuts Down Amid Funding Drought
Debt // August 14, 2024

On its face, the shuttering of Tally, a FinTech focused on helping consumers manage credit card debt, offers a snapshot of how tough fundraising is in the technology arena, how cash, once burned, is tough to replenish. Beyond the cautionary tale for FinTechs overall in...

JG Wentworth Buys Stilt’s Digital Lending Platform 
Consumer Finance // December 05, 2022

JG Wentworth has acquired FinTech and personal loan lender Stilt’s digital lending platform.  With the acquisition, JG Wentworth, a consumer financial services company, will accelerate its entry into consumer lending, the company said in a Monday (Dec. 5) press release.  “The Stilt platform will provide industry-leading digital...

Consumers Still Tapping Cards to Spend but Credit Growth Slows
Consumer Finance // November 07, 2022

We may be seeing a tipping point for debt — where gains in personal loan borrowing come at the expense of pricier credit card debt. It’s a change that also signals that consumers are refocusing on controlling the monthly expenses they can control. The Federal...

Interviews & Exclusives
As Card Delinquencies Rise, Will Debt Consolidation Loans Have Their Moment?

October 09, 2024
Despite the volatility month to month on credit card debt, per government reports, the trend remains, generally, upward and to the right. And for consumers already shouldering that card debt, where historically high interest rates are a hallmark, even with recent interest rate cuts, personal loans and debt consolidation offerings beckon. The latest consumer credit […]

Quick Reads
Experian Teams With Paylink to Debut Debt Consolidation Solution

September 02, 2024
Experian has teamed with affordability software/payments firm Paylink to introduce a debt consolidation solution. The partnership, announced Monday (Sept. 2), leverages Paylink’s ReFi product to expand access to credit for a broader range of consumers through the Experian Marketplace. “Debt consolidation remains the number one reason consumers search for loans on the Experian Marketplace, however, […]

JG Wentworth Buys Stilt’s Digital Lending Platform 

December 05, 2022
JG Wentworth has acquired FinTech and personal loan lender Stilt’s digital lending platform.  With the acquisition, JG Wentworth, a consumer financial services company, will accelerate its entry into consumer lending, the...

LendingPoint Closed On $500M Credit Facility In August

September 20, 2017
Online lender LendingPoint announced Tuesday (Sept. 19) that it had closed an up to $500 million credit facility on Aug. 22. In a press release, the company said the credit...

Student Loan Marketplace Snags $2.7M in Seed Money

February 20, 2015
Managing student loan debt can be a daunting task, but Credible wants to make it easier. And now it has the money to try. The San Francisco-based startup announced yesterday...