What is GreenSky financing?

What is GreenSky financing?

Full Review GreenSky is a technology company that facilitates home improvement loans up to $65,000. Its loans are funded by banks and offered to consumers through home improvement contractors and retailers who use GreenSky’s financing platform.

What credit score is needed for GreenSky?

GreenSky is a financing platform that services loans to fund home improvement projects on behalf of more than a dozen banks in the U.S. Borrowers with at least fair credit, or a credit score of at least 650, are the best candidates for a GreenSky Direct Home Improvement Loan; if you have poor credit, you won’t qualify.

Who owns GreenSky financing?

David Zalik is the cofounder and CEO of financial technology company GreenSky. The Atlanta-based company has facilitated $16 billion in loans for home improvement projects via a network of banks and 13,000 contractors. GreenSky has also begun to branch into financing for doctor, dentist and veterinary visits.

How do I contact GreenSky financial?

Please contact GreenSky customer support immediately at (844) 810-7713 to alert us of your concern.

Is GreenSky a good company?

Though not one of Credible’s partner lenders, GreenSky has an average rating of 3.6 out of 5 stars from over 240 reviews on the Better Business Bureau (BBB) website. It has earned an A+ rating from the BBB itself. In this review: GreenSky interest rates and loan details.

What bank does GreenSky use?

GreenSky’s partner banks—in 2016, they numbered 14 and included Regions Financial Corp. and SunTrust Banks—made loans online or through the GreenSky mobile app to customers of some 12,000 merchants ranging from retailers such as The Home Depot, Inc. to individual contractors.

Why did Goldman Sachs buy GreenSky?

GreenSky’s differentiated lending capabilities and market-leading merchant and consumer ecosystem will help accelerate the efforts of Goldman Sachs to create the consumer banking platform of the future, help tens of millions of customers take control of their financial lives and drive higher, more durable returns.

Are GreenSky loans secured?

GreenSky offers unsecured loans of up to $55,000 to help cover home improvement costs for people who qualify. It’s important to note that these are unsecured loans, which means that your home will not be used as collateral.

Does home Depot use GreenSky?

The Home Depot Project Loan is backed by GreenSky, but how you can use your funds — and how much you pay — will vary. If you don’t want to stay exclusive to Home Depot, read our guide to home improvement loans find the right fit for your next project.

What happened to GreenSky?

(“GreenSky”; NASDAQ: GSKY) today announced that they have entered into a definitive agreement pursuant to which Goldman Sachs will acquire GreenSky, the largest fintech platform for home improvement consumer loan originations, in an all-stock transaction valued at approximately $2.24 billion.

Does GreenSky have an early payoff penalty?

It’s simple – pay online or by phone, or schedule automatic payments to be drafted from your bank account. The choice is yours. And there is never a penalty for paying off your loan early. Apply today at www.greensky.com/consumer or call 866-936-0602.

How does GreenSky make money?

GreenSky ( GSKY 1.59% ) makes its money by offering a point-of-sale solution to connect consumer borrowers with regional banks. Its fee-based model relieves it of many of the growth constraints in traditional banking, and the company could see double-digit growth for years (if not decades) to come.