Loan Servicing news and trends

Scratch Mobile App Makes Paying Off Loans Easy
Mobile Applications // September 18, 2018

Startup Scratch is working to make paying off student and personal loans simpler for borrowers through an easy-to-use mobile app. Earlier this year, it was reported that Americans are on pace to accumulate a collective $4 trillion in consumer debt by the end of 2018, with...

Lender Argon Credit Files For Bankruptcy
News // December 27, 2016

Argon Credit, the Chicago online lender, reportedly filed for bankruptcy protection last week, with negative implications for Ranger Direct Lending Fund of the U.K. According to a report, Argon Credit cofounder and Chief Executive Raviv Wolfe said in the bankruptcy filing that liquidity woes cause...

Quick Reads
LendingClub Promotes New Products to Offset Decline in Loan Originations

October 25, 2023
LendingClub saw loan originations continue to decline in the quarter ended Sept. 30 as bank investors remain cautious. In response, the firm is promoting new products that meet the needs of both investors and LendingClub in the current environment, executives said Wednesday (Oct. 25) during the company’s quarterly earnings call. Loan originations totaled $1.5 billion during […]

Scratch Mobile App Makes Paying Off Loans Easy

September 18, 2018
Startup Scratch is working to make paying off student and personal loans simpler for borrowers through an easy-to-use mobile app. Earlier this year, it was reported that Americans are on pace...

Lender Argon Credit Files For Bankruptcy

December 27, 2016
Argon Credit, the Chicago online lender, reportedly filed for bankruptcy protection last week, with negative implications for Ranger Direct Lending Fund of the U.K. According to a report, Argon Credit...