Startups are pitching rent loans to young tenants, stepping into a market long associated with payday lenders
New lenders are entering what was once the realm of payday lending, pitching loans for renters, as cities grow increasingly unaffordableJennifer Burnes says the paychecks from her work as a model and designer in Hollywood arrive sporadically, posing a challenge to paying monthly rent. “You know the check’s on the way, you just don’t know when, exactly,” the 22-year-old said.
That is why she’s turning to StayTony. It is among a handful of startups—like Domuso, Till and Uplift—offering loans to renters recently out of college, professionals moving to a new city, and others who want to build credit or could use assistance making rent payments.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
The New Mom Economy: Meet The Startups Disrupting The $46 Billion Millennial Parenting MarketProducts and services for new mothers have been insufficient for decades. But as more digitally-savvy Millennials enter parenthood with a purchasing power of $2.4 trillion and rising, innovators and investors are finally taking this long-neglected market seriously.
Weiterlesen »
China April bank lending seen moderating, policy support still on track: Reuters pollNew bank loans in China likely pulled back in April from strong levels the previ...
Weiterlesen »
China banks temper April lending as debt worries rise, but all eyes on trade threatChinese banks throttled back new lending in April after a record first quarter t...
Weiterlesen »
Amazon just launched a lending service in China while shuttering its local marketplaceThe lending program is aimed at growing the number of China-based merchants who sell directly to consumers in the U.S. and elsewhere.
Weiterlesen »
More China policy easing seen as lending slows, trade risks riseChinese banks throttled back new lending in April after a record first quarter t...
Weiterlesen »
Markets Insider is looking for a panel of millennial investorsMarkets Insider is seeking younger investors to join its millennial investment panel.
Weiterlesen »
The True Cost Of Rent To Own--And AlternativesRent-to-own sounds too good to be true. For a small recurring fee, you could take an item home from the store immediately, with the intent to pay it off later. With a rent-to-own arrangement, consumers get immediate access to new or used merchandise – such as furniture or household appliances – and in return pay […]
Weiterlesen »
I've owned 3 homes and rented 2, and I know which I'll choose going forwardHe's owned and rented several homes over the last few years in Denver, Portland, and Southern California, so he can see both sides.
Weiterlesen »
This Top Advisor Is An Advocate For Millennial WomenKathleen Entwistle was stay-at-home mom with an MBA, already active in the local library foundation and in her children’s sports teams, when she began teaching classes at her local YWCA to help women understand finances. Today she's one of Forbes' Top Women Advisors, managing $340 million in assets.
Weiterlesen »