The online lending industry has expanded in recent years. Consumers want more lending options from banks. Borrowing money from a traditional bank takes more time than many consumers realize. Borrowing from an online bank is an easy way to save both time and money. It is also much easier to compare lending options online.
GreenSky is one of the most successful banks in the online lending industry. The company was founded in 2006, and it has increased sales each year since then. The company is based in Atlanta, Georgia. However, GreenSky serves customers all over the world. The GreenSky credit program is one of the most successful lending services the company offers.
When applying for a loan with GreenSky, the bank will ask a series of financial questions. Customers who have a healthy credit score will qualify for more lending options. The GreenSky credit program has strenuous rules for borrowers to follow. The leaders of GreenSky noticed that many online banks went out of business due to bad lending practices. Instead of taking this approach, the GreenSky credit program requires borrowers to have a solid financial background.
What are the Loans For?
One of the most common reasons that customers utilize the GreenSky credit program is for housing improvements. Many people have equity in their house that they want to use. With housing values increasing across the country, improving a home seems like a logical financial decision.
GreenSky offers multiple home equity lending options for customers. The company also has a dedicated customer service team ready to answer any questions from clients.
CEO of GreenSky
The CEO of GreenSky is also the founder. He had a goal to change the banking industry by offering online products with few fees. He also wanted to start a bank that focused on customer service. Although he has numerous goals for the coming years, he is proud of his success so far with GreenSky.
You have all probably seen it by now. Matt Badiali’s Freedom Checks video has gone viral — at least in terms of the investment community — and it paints a pretty picture. Matt is shown holding a giant check in his hand and spewing information about Freedom Checks. The question on everyone’s mind, of course, is this. What are Freedom Checks and should I be buying them? This article sets out to uncover what Freedom Checks are and if you should be purchasing them. Visit the website freedomchecks.com to learn more.
When Matt Badiali talks about Freedom Checks, he is certainly talking about Master Limited Partnerships or MLPs. MLPs have been around a while and they are nothing new to the investment world. Of course, most people don’t know about their existence, but many Wall Street investors have been playing with MLPs for years. One of the key things to know about MLPs is that they sort of act as a bit of a tax shield. MLPs are companies that act under Statute 26-F. Basically, they are companies that are allowed to skip out on federal tax given they return 90% of profits back to their shareholders.
Almost all MLPs are in gas and oil. There are some exceptions — including one that Matt is trying to pitch — but as a general rule of thumb, they are all in the transportation of oil and gas. In total, 560 plus companies operate as MLPs. The reason that these companies can act as a tax shield is that investors are taxed on capital instead of income, which makes a major difference. Read this article at Money Morning.
Freedom Checks is a fancy word that Matt coined to talk about them. It isn’t without due reason though. Matt Badiali believes that America’s reliance on foreign oil is decreasing to the point where oil company prices are going to go up. Matt just believes that this will have a major impact on several key companies acting as MLPs out there.
Whether or not he is right is difficult to decipher. In all honesty, Matt has been making incredible predictions in his Real Wealth Strategist newsletter. Which leads many to believe he may be making the right call. One thing is for sure, Matt seems to have an eye for future change, which has been proven again and again via his stock picks.