- As of July 2017, the Federal Reserve Bank estimates the value of all consumer loans in the U.S. to be more than $1.3 trillion
- Total personal loan balances finished 2017 at $117 billion, up from 2016’s $102 billion
- Nation’s strong economy is helping to build consumer confidence in personal balance sheets, signaling strong performance across multiple credit product lines, including personal consumer loans
- “Mr. Amazing Loans” brand available online in 20 states, with plans to expand to additional states
Specialized fintech company and consumer loan provider IEG Holdings Corp. (OTCQB: IEGH) issues and services direct, unsecured personal loans under the brand name “Mr. Amazing Loans” through its state-licensed operating subsidiary, Investment Evolution Corporation. Residents of 20 states (and counting) are able to apply online for consumer loans of either $5,000 or $10,000 by simply going to the company’s website and application portal at www.MrAmazingLoans.com. With a fixed APR in the range of 12 percent to 29.9 percent with a non-revolving term of five years, Mr. Amazing Loans gives consumers the option of securing a loan without ever having to meet with a lender or pay extravagant payday lender rates.
As a licensed, direct lender with licenses or certificates of authority to lend in each state, Las Vegas-based IEGH originates, processes and services personal loans to a long line of satisfied, underbanked consumers who have…
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