Alternate Lenders Gaining Steam Among Millennials
According to a new report by CNN Money, there is a current trend in the housing market toward alternate lending opportunities, especially as many individuals may not qualify for traditional loans.
In the last week alone, two new companies – Lending Club and OnDeck Capital – went public, earning $870 million and $200 million respectively.
This shift is especially prevalent among the millennial crowd.
Image via flickr/