FreedomPlus
| Type | LLC |
| Industry | Credit (finance) |
| Founded | San Mateo, California, United States (2013) |
| Headquarters | San Mateo, California, United States |
| Area served | United States |
| Products | Personal loan |
| Website | www.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.