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.