Sunbit focusing on short-term credit data to reach more borrowers

Sunbit, a point-of-sale lending company, is using recent credit file data to underwrite borrowers without FICO scores. Specializing in non-discretionary purchases like auto repair and medical expenses, Sunbit is trying to improve its loan terms by lending to more borrowers and creating more data points. To do this, the Los Angeles-based company is determining financial …Read More

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