Late final summer time, Jeff Whiting was going back and forth along with his credit score union about whose name ought to appear on the title of the GMC Yukon he was making an attempt to finance. So the 35-12 months-previous Austin, Texas, attorney went in a special course, taking a $45,000 unsecured loan from an internet lender as an alternative.
Since 2011, Ant Financial’s Ant Micro Loan program has issued four hundred billion yuan ($sixty four.forty two billion) worth of loans, and the non-performing loan ratio is 1.5 p.c, the spokeswoman added. Consider Jim Burg. It has been a year since steelmakers began having trouble discovering vehicles to haul masses for the reviving auto industry. So Burg, whose company relies in Warren, Michigan, is lastly about to borrow cash from a bank to construct his fleet of flatbed rigs to eighty five from 70. To ensure, Bank of America … Read more