FreedomPlus

FreedomPlus

TypeLLC
IndustryCredit (finance)
FoundedSan Mateo, California, United States (2013)
HeadquartersSan Mateo, California, United States
Area servedUnited States
ProductsPersonal loan
Websitewww.freedomplus.com
  • FreedomPlus is a lender that mainly focuses on underwriting loans to prime consumers.
  • FreedomPlus is the consumer brand of Freedom Financial Network, LLC.
  • FreedomPlus developed a proprietary underwriting process that delivers low-cost loans to borrowers and low-risk access to consumer loan portfolios for accredited investors.
  • FreedomPlus will be open to accredited investors to invest in pools of loans, but it is not a peer to peer lending company.
  • FreedomPlus focus on “emerging prime” borrowers with FICO scores between 620 and 749.
  • The company use traditional underwriting tools, such as credit scores, when underwriting loans.
    • It will also talk with borrowers to verify information and understand the goals they wish to accomplish with the loan, to try to find loans that fits borrowers' specific needs.

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