GreenSky Credit offers retail customers best loan terms around

One of the more innovative companies to have emerged in the fintech sector over the last decade has been GreenSky Credit. The company was founded in 2006 by entrepreneur David Zalik. Since then, it has shown that it has what it takes to sustain phenomenal levels of growth. By 2018, GreenSky was worth an estimated $5 billion, with some analysts opining that the company’s rumored IPO could put its publicly traded value at close to $10 billion.

Best loans in the business

The secret behind GreenSky Credit’s success has been the company’s ability to create value through making frictionless loans at the retail level a reality for millions. GreenSky loans are markedly different from the products of any other fintech company currently in operation.

For starters, the company extends loans for big-ticket purchases. These can be elective medical procedures, the complete residing of a home or a large kitchen renovation with an estimated cost in the six figures. Previously, these types of purchases would have required a traditional bank loan, typically a personal or home-equity line of credit. And even those credit facilities often fell short of covering the entire cost of truly expensive goods and services.

By going after a niche that was severely underserved, GreenSky was able to create, overnight, an entire market that had not existed previously. And it was able to sustain and grow this market by offering loan terms that are truly astounding for their type and amount. The typical GreenSky loan involves zero interest and zero payment for the first full year. After that period, higher rates in the low teens kick in. But even these higher rates, which virtually none of the firm’s customers are ever hit with, are drastically better than the typical terms of a credit card.

These excellent loan terms are made possible by the fact that the vast majority of the company’s customers are in the prime borrower category, with FICO scores exceeding 800. The company’s lending partners trip over each other to get these high-performing loans on their books. And the majority of the company’s customers pay off their loans, in full, on short time horizons.

A New Step Forward. Orange Coast College and a new Planetariem

Orange Coast College is one of many colleges on the forefront of technology. It was founded in 1947 in the city of Costa Mesa, California. classes began there in 1948 and the campus has expanded to more than one hundred and fifty acres. Now the campus has taken another step forward with the one million-dollar donation from one of its retired professors. The professor’s name is Mary McChesney. Learn more: https://twitter.com/orangecoast?lang=en

She made the impressive donation on behalf of her partner Adelyn Bonin. The donation will go toward the building of a new planetarium. It will house a Foucault Pendulum and make the college the center of scientific study in California. It will be the only one of its kind in Orange County.

Orange Coast College will now rank with the best schools in the country once the new planetarium is complete. The new planetarium will seat more students than the previous planetarium did. It will be the center of scientific learning and discovery in the years to come.

The donor, Mary McChesney taught English and Spanish at Orange Coast College for more than thirty years. Her partner, Adelyn Bonin taught German until her retirement in 1983. Bonin died in January 2017. Mary knows that the donation will go a long way in enriching the lives of students at Orange Coast College, and she knows that her devotion to Orange Coast College will live as long as she is alive. This donation will make sure that the college she adores will be one step ahead in science and technology for many years to come. Learn more: http://www.latimes.com/socal/daily-pilot/news/tn-dpt-me-occ-planetarium-20170711-story.html

Orange Coast College is a place where technology and science come together perfectly. With the donation, the legacies of Mary McChesney and Adelyn Bonin have been firmly etched into the scientific history of Orange County College for many generations to come.