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Credit Score

04 Jun

Beware the Plummeting FICO Score

in FICO Credit Score

Learn how rising debt levels, COVID and FICO 10 are impacting consumer credit scores...

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Recent Posts

The Right Way to Borrow Money From Someone You Know
LendAmi Success Story: Teaching Children Fiscal Responsibility
What to Include in a Loan Agreement
LendAmi Borrower and Lender Survey
LendAmi Helps Simba the Rescue Cat Run Again

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Disclaimer: LendAmi is not a lender. LendAmi does not match lenders with borrowers. LendAmi is a platform that allows two parties that already know each other to negotiate their own loan terms including loan amount, interest rate and repayment schedule and then track that loan together. Since LendAmi is not party to any loans transacted on its platform, LendAmi is not involved in choosing, approving or agreeing to loan terms. LendAmi does not run credit checks, enforce the payment of loans from one party to another or report to credit bureaus. The LendAmi platform allows users to track loans between $50 – $5000. Users choose and agree to their own interest rate within their local guidelines and determine the length of the loan. LendAmi allows users to choose payment schedules that are weekly, bi-weekly, monthly, quarterly, annually or lump sum with no restrictions on loan length. Users will be able to view an amortization schedule showing the total cost of the loan. An example loan in the amount of $1000 payable in monthly installments over a 12-month period at 5.75% interest will cost the borrower a total of $1057.20 including interest and platform fees. Users must be 18 years of age or older to use LendAmi. LendAmi may or may not operate in your State or US. Territory and its availability is subject to change.

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