Privacy Policy

This privacy policy sets out how FactorTrust uses and protects any information that you give FactorTrust when you use this website. FactorTrust is committed to ensuring that your privacy is protected.

FACTORTRUST ANNOUNCES NEW SERVICE TO HELP LENDERS COMPLY WITH MILITARY LENDING ACT RULE

  • Posted by FactorTrust
  • On June 30, 2016
ATLANTA (June 30, 2016) – FactorTrust, The Alternative Credit Bureau, announces the launch of its LendProtect MLA Check. The service is designed to help lenders to comply with the rule beginning Oct. 3, 2016. The service allows lenders to quickly search the applicant’s information, streamlining the verification of covered borrowers through the Department of Defense’s […]
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Deal Flow Wrap-Up: FactorTrust, United Sciences, Zipcar, Amazon

  • Posted by FactorTrust
  • On June 28, 2016
FactorTrust is partnering with LendUp, a silicon valley based consumer lending company. LendUp plans to use factor-trust data to support and build out their underwriting process. Roswell-based FactorTrust is an alternative credit bureau company that analyzes a consumer’s ability to repay beyond traditional data to serve the under-banked. Factor trust’s platform, “Lend Protect ATR”, simplifies […]
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FACTORTRUST TAKES STAND ON LOAN “STACKING” PROBLEM

  • Posted by FactorTrust
  • On June 27, 2016
ATLANTA (June 27, 2016) – Online lenders are facing a growing problem. As recently reported, many lenders are failing to detect the “stacking” of multiple loans by consumer borrowers.  This results in multiple lenders making loans to the same borrowers, often within a short period of time, failing to understand the borrower’s weakening ability to repay […]
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FactorTrust Announces New Customer Relationship with LendUp

  • Posted by jrafeedie
  • On June 16, 2016
Inventive Silicon-Valley-based Short-Term and Installment Lender Utilizes FactorTrust Data for Underwriting Consumer Loans ATLANTA (June 16, 2016) – FactorTrust, The Alternative Credit Bureau, announces a new customer relationship with Silicon-Valley-based consumer lending company LendUp. LendUp leverages FactorTrust data to expand its robust underwriting process. A 2015 Federal Reserve Board study found that 47 percent of Americans […]
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FactorTrust: Alternative Data Makes Buying Process ‘Less Obtrusive’

  • Posted by jrafeedie
  • On June 15, 2016
Alternative data “is definitely not being utilized as much as it should be”  in powersports lending, according to Ryan Keefe, director of marketing at National Powersport Auctions. The powersports space is “much more dynamic,” he toldPowersports Finance. Lenders have their own “unique formulas to determine credit risk” because they don’t use a standard forecasting or […]
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