What happened to LendUp?
"We are shuttering the lending operations of this fintech for repeatedly lying and illegally cheating its customers," said CFPB Director Rohit Chopra. LendUp, which had attracted attention from prominent Silicon Valley investors, expects to complete a wind-down of its operations in early 2022, a spokesman told Reuters.
How much can you borrow from LendUp?
LendUp products
Maximum borrowing amounts |
Single-payment loan |
Installment loan |
● $255 (when borrowing in California) ● $300 (Louisiana, Mississippi, Missouri, Tennessee, Texas and Wisconsin) |
● $400 (California, Louisiana, Missouri and Texas) |
As of Sept. 4, 2020 |
•
Sep 18, 2020
Is LendUp a legit company?
Customer satisfaction: LendUp has an A+ rating from the Better Business Bureau but is not accredited. The Consumer Financial Protection Bureau has catalogued over 70 complaints about LendUp loans.
What is LendUp phone number?