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How do marketplace loans perform?

December 19, 2016

Technology has changed the ways in which consumers demand credit and lenders supply it. One of the more noteworthy shifts has been the emergence of fintech consumer lenders, generally characterized by no branches, an emphasis on agile and sophisticated use of technology, and reliance on both traditional and non-traditional underwriting data.

These lenders have focused on growing the unsecured personal loan market since 2013. They’ve done so with dramatic success: This market hit a milestone of $100 billion in outstanding balances in the third quarter of 2016.

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