New personal loan provider selling plenty of loans

DirectMoney reported monthly unsecured personal loan settlements of $1.15 million in October 2015, up 47 per cent on September.

DirectMoney has now sold personal loans to approximately 490 borrowers. DirectMoney affirmed its ongoing focus on stringent credit assessment processes. DirectMoney executive chairman Stephen Porges said DirectMoney is building a position as a leading Australian marketplace lender.

Source: Mortgage Business