Results for tag: "Nondepository Credit"

The Nondepository Credit market is a sector of the Credit and Loans industry that provides credit and loan services without the use of a depository institution. This type of credit and loan is typically provided by non-bank lenders, such as finance companies, credit unions, and other financial institutions. Nondepository Credit is often used to finance consumer purchases, such as cars, furniture, and appliances. It is also used to finance small business operations, such as equipment purchases and working capital. Nondepository Credit is typically more expensive than traditional bank loans, as the lender is taking on more risk. However, it can be a good option for those with limited access to traditional banking services. Some companies in the Nondepository Credit market include LendingClub, Prosper, Avant, SoFi, and Upstart. Show Less Read more