Asset Classes
The types of assets in the private credit market primarily fall into two categories: consumer and corporate.
For consumers, they may face various financial needs that can be met through private credit, such as:
Buy Now, Pay Later (BNPL) Loans: Consumers can choose to make unsecured installment payments for goods and services through non-bank fintech lending companies.
Debt Consolidation Loans: Consumers can combine multiple debts into a single loan to manage their debt more effectively and potentially secure better interest rates.
Earned Wage Advances: Consumers can receive advances on their yet-to-be-paid wages from non-bank lending institutions.
Litigation Financing: Consumers awaiting legal settlements can obtain loans to access expected settlement or judgment amounts in advance.
Residential Mortgages: Consumers can take out loans to purchase homes, with non-bank lending institutions providing services even to those with lower credit scores or poor credit histories.
Auto Loans: Consumers can finance the purchase of vehicles through loans, with non-bank lenders serving even those with poor credit histories.
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