LendKey in the Press

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After Hiatus, Student Loan Refinancing Re-Emerges, But Should You Do it?

Published March 14, 2014 | FOXBusiness Read the Original Article. As the country’s outstanding student-loan debt tops $1 trillion, financial institutions are increasingly offering borrowers the chance to reduce their interest payments, a market that many borrowers have been afraid to enter. The latest figures from the Federal Reserve of New York show the country’s student-loan debt […]

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Student-Loan Refinancing Makes Reappearance: More Lenders Give Borrowers a Chance to Cut Interest Payments

Wall Street Journal Feb. 25, 2014 Read the Original Article.   More banks, credit unions and other lenders are refinancing student loans, giving borrowers the chance to cut their interest payments. RBS Citizens Financial Group Inc. began refinancing private student loans in January, for example, while Discover Financial Services Inc.said it would get into the related business […]

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LendKey leases new office space and plans to continue expanding in Blue Ash

Blue Ash Advance Read the original article. Founded in 2009, LendKey is a New York City-based, privately held, venture capital backed firm that offers cloud-based technology to provide the essential infrastructure for any party to quickly, securely, efficiently, and profitably lend to anyone else. Blue Ash resident Raymond Dury became LendKey’s Chief Information Officer in 2010. He commuted […]

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Suze Orman: How to Borrow Money Like a Pro

Oprah Magazine By Suze Orman February 2014   Read the original article Here are savvy strategies for dealing with loans. Q: I have several student loans. (I’ve deferred payment on them.) Should I consolidate them before I apply for a mortgage? A: I assume your loans are in deferment not because you have claimed economic […]

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Student Loan Borrowers Get Relief From Small Lenders

FoxBusiness February 3rd, 2014 Read original article.   Student loan borrowers who feel trapped by high-rate private loans finally have more options to refinance their debt, but not everyone will be able to find relief. In January, Citizens Bank became the latest to offer private consolidation loans that provide lower and sometimes fixed rates to […]

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Why Banks Shouldn’t Write off the Student Loan Market

American Banker Read the original article. As I read “Worrisome Spike in Student Loan Write-Offs” in the January 2, 2014 American Banker, I realized this data rich account told only part of the story. There is another dimension worth telling. The “stubbornly high rate of student loan delinquencies” and write-offs cited in the story combined both […]

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LendKey Adds Eight New Clients in December, Ends 2013 with 275 Clients

Summit Credit Union Among Eight New Clients Using LendKey’s Cloud-Based Student Lending Platform New York, NY – January 13th, 2014 – LendKey, the cloud-based lending technology company located in New York City, today announced the addition of eight (8) new lending clients in the month of December, raising the total list of clients utilizing its […]

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Welcome to the Software-as-a-Service Future

Credit Union Times Vince Passione January, 8th 2014 Read original article.   The Software-as-a-Service Era has finally arrived as the latest evolution of the service bureau model that had its origins in the days of the expensive and bulky mainframe computers. Technology outsourcing has been making a muscular comeback for a number of reasons—weak margins, […]

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Invest in Gen Y:

Careful underwriting and due diligence can make private student loans a valuable asset.   Credit Union Magazine Walt Laskos January 2nd, 2014 Read the full article. If Gen Y represents the future of your loan portfolio, wouldn’t it be wise to offer the types of products and services these younger members need? One of the […]

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NYC-based lending tech company leases new space in Cincinnati

Cincinnati Business Courier Tom Demeropolis Read original article.   LendKey, a cloud-based lending technology company, opened a new office in the Cincinnati area. New York City-based LendKey signed a five-year lease for 8,500 square feet of space at 4445 Lake Forest Drive in Blue Ash. LendKey provides the student lending infrastructure for more than 260 […]

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