credit

  • Nova Credit launching from Y Combinator to give immigrants access to U.S. credit

    Nova Credit launching from Y Combinator to give immigrants access to U.S. credit

    Access to credit and establishing a credit history aren’t a luxury for people living in the US, they’re a necessity. A credit score is required to rent most apartments, get credit cards, and essentially make a way in the modern American world But for millions of immigrants (roughly 15 million) landing on U.S. shores — even ones who had successful jobs abroad —… Read More

  • Google to restrict ads for payday loans

    Google to restrict ads for payday loans

    Google announced today that it will no longer allow payday lenders to advertise on its systems because the loans often come with high interest rates and quick repayment requirements that push borrowers into debt. Payday lenders offer quick cash to low-income people, who are then required to pay back their loans within a short time frame. If they don’t, they face exorbitant interest rates… Read More

  • PayPal Credit expands to the UK with an interest-free option for purchases over £150

    PayPal Credit expands to the UK with an interest-free option for purchases over £150

    After separating from eBay, PayPal has been on a march to grow both its international business and transactions beyond basic e-commerce. Today it is taking a step to do both, with the U.K. launch of PayPal Credit — a service that lets consumers use their PayPal accounts to spread out online payments for goods as a replacement for traditional credit cards. It will give consumers… Read More

  • With $4.3 Million PayJoy Is Ensuring Smartphones Land In The Hands Of The Next 2 Billion

    With $4.3 Million PayJoy Is Ensuring Smartphones Land In The Hands Of The Next 2 Billion

    With Project Loon and Internet.org Companies like Google and Facebook are spending hundreds of millions of dollars each to ensure that everyone on the planet has access to the internet, but with a modest $4.3 million in equity and debt the new startup PayJoy is solving an equally important problem — getting actual smartphones into those people’s hands. Co-founded by Mark Heynen… Read More

  • J.P. Morgan, OnDeck And The Future of Alternative Lending Crunch Network

    J.P. Morgan, OnDeck And The Future of Alternative Lending

    Earlier this month, J.P. Morgan announced a strategic partnership with OnDeck Capital to originate, underwrite, and distribute loans targeted specifically at small businesses. As evidenced by a 28% single-day spike in OnDeck’s share price, this announcement clearly is a big deal to one of the leading FinTech companies today, and has major implications for the future of alternative lending. Read More

  • Leveraging Technology To Make Credit Credible Crunch Network

    Leveraging Technology To Make Credit Credible

    The small-dollar credit (SDC) market — think payday and auto-title lending — is ripe for innovation and disruption. Most of the $44 billion industry consists of high-cost, low-quality products that lead people into cycles of repeat usage and mounting debt. Regulatory burdens, reputational risk and the tough economics of making small loans profitable have limited the supply of… Read More

  • TC Cribs: Credit Karma’s Gorgeous Historic Office Meets Startup Style

    This week’s episode of Cribs takes us to free credit and financial management platform Credit Karma. This growing financial startup just put the finishing touches on its new office space in the Phelan – a historic building in downtown San Francisco that also houses Nextdoor and Medium. The Phelan sits just off of Market Street in San Francisco’s bustling financial district. Read More

  • Records Of 15 Million T-Mobile Customers Swept Up In Experian Hack

    Records Of 15 Million T-Mobile Customers Swept Up In Experian Hack

    T-Mobile announced on Thursday the personal information of about 15 million customers was swept up in a hack on Experian, a vendor that processes the phone company’s credit applications. The breach affects new applicants who required a credit check for service or a new device between September 1 and September 15. Experian said the hack did not affect its consumer credit database. Read More

  • Aspiration, A “Merrill Lynch With A Conscience,” Gains Traction

    Aspiration, A “Merrill Lynch With A Conscience,” Gains Traction

    As consumers, we can probably agree that bank profits are, well, gross. In the second quarter of this year alone, U.S. lenders wrung a record $43 billion from their customers. It’s the kind of stat that a small but growing two-year-old, L.A.-based investment company called Aspiration is increasingly using to gain new customers. In the words of cofounder and CEO Andrei Cherny… Read More

  • Apple Pay Now Supports Cards That Make Up 90% Of U.S. Credit Purchases

    Apple Pay Now Supports Cards That Make Up 90% Of U.S. Credit Purchases

    Apple Pay is gaining steam, just months after launch, with the company revealing to the NYT that it now supports cards from providers that make up 90 percent of the credit card purchases made in the U.S. In addition to ten new banks that are coming on board today, It’s now accepted in more places than ever before, with Staples, Winn-Dixie, Albertson and the Amway Center turning on support… Read More

  • Payments Network Dwolla Moves Beyond Cash With Launch Of “Dwolla Credit” In Partnership With ADS

    Payments Network Dwolla Moves Beyond Cash With Launch Of “Dwolla Credit” In Partnership With ADS

    Des Moines-based Dwolla, a company building web-connected infrastructure for managing digital payments, is today taking its first step to move beyond support for cash with the debut of “Dwolla Credit.” This new consumer- and merchant-facing service is being launched in partnership with Alliance Data Systems Corp (ADS), a provider of branded credit card programs, but Dwolla… Read More

  • With New Funding In Tow, Lendio And Creditera Are Helping Small Businesses Secure Loans And Avoid Bad Credit

    With New Funding In Tow, Lendio And Creditera Are Helping Small Businesses Secure Loans And Avoid Bad Credit

    Brock Blake and Levi King have founded more than six companies between them. Over the course of their various entrepreneurial endeavors, like many other small business owners entrepreneurs, Blake and King applied for dozens of business loans — and received dozens of rejections. When they did receive approvals, they usually came with terms, rates or amounts that made the loan more of a… Read More

  • Credit Karma Raises $30 Million Series B, Becomes More Like Mint As It Expands Beyond Credit Monitoring

    Credit Karma Raises $30 Million Series B, Becomes More Like Mint As It Expands Beyond Credit Monitoring

    Credit Karma, the free online credit monitoring startup founded back in 2008, is today announcing $30 million in Series B financing, in a round led by new investors Ribbit Capital and Susquehanna Growth Equity, with participation from existing investor Felicis Ventures. The company has now grown its user base to 10 million, and increased revenue by over 4,000 percent since its Series A in 2009. Read More

  • Now On Your iPhone, ReadyForZero Is Ready To Save You From Debt

    Now On Your iPhone, ReadyForZero Is Ready To Save You From Debt

    YC alum ReadyForZero, an online financial service that’s trying to get people out of debt faster, is today expanding to mobile with the launch of its first mobile app. For now, the experience is designed mainly to give you at-a-glance insight into your current debt situation. However, the mobile app also uses iOS push notifications to alert you to large purchases and payments which… Read More

  • Credit Sesame Brings Your Credit Score To The iPhone. For Free.

    Credit Sesame Brings Your Credit Score To The iPhone. For Free.

    Personal finance service (and TechCrunch Disrupt alum) Credit Sesame is launching its first mobile application today which gives users instant access to their current financial standing and their credit score. For free. And I don’t mean “free” as in free, but if you don’t read the fine print we’ll sign you up for our monthly service. I mean free as in free. Read More

  • Repossession going electronic with remote vehicle disablers

    Missing a payment on a leased car might get a whole lot dicier in the near future as more and more dealerships are equipping vehicles with devices capable of disabling vehicles remotely. Termed “electronic reposession,” drivers will be reminded to pay the car’s bill thanks to a non-stop series of annoying beeps if payment hasn’t been received within 24 hours of the… Read More

  • Circuit City stock below 50 cents, loses credit agency's confidence

    Tough times at Circuit City, which you can now buy outright for something like $38 and doing the CEO’s dry cleaning, as a credit agency has just warned manufacturers about shipping merchandise to the store. Seems the credit agency, Bernard Sands, isn’t sure whether or not Circuit City would be able to pay the manufacturers on time. So… a store, which, by definition, is in… Read More

  • Netflix to credit subscriber accounts for outage

    I know many of you experienced the outage on Monday, but Netflix is claiming that the majority of the 7.5 million members were not affected. And they’re totally doing you a favor by crediting 5 percent to your monthly bill. Steve Swasey, a Netflix spokesman had this to say, “The key thing here is: This was completely proactive on Netflix’s part. There’s no requirement… Read More

  • XM Offering Credit For Downtime

    You may have heard that XM was down for almost a whole day and then it came back online. When a service you shell out money for on a monthly basis goes down, you’d obviously expect a credit of some sort to occur so that subscribers don’t go canceling their subscriptions. Luckily, XM is smart enough to know this and is offering two-days of credit to subscribers. If you want to get… Read More

  • Downloaded Star Trek Off iTMS? Claim Your $25

    Because I actually have a life playing with my Polly Pocket playsets (TOO fun!), I didn’t notice that Star Trek: The Original Series had gone up on the iTunes Music Store, been taken down, and then put back up. For anyone who bought the entire first series before it was taken down, Apple is hooking you up. You’ll be rewarded with a $25 iTunes gift card code and you can keep… Read More