ATLC
- Atlanticus Holdings Corporation
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Overview
Company Summary
Atlanticus Holdings Corporation (ATLC) is a financial holding company based in the United States. Through its subsidiaries, the company engages primarily in providing financial services and products to underserved consumers. Atlanticus works towards expanding access to credit and improving financial literacy for individuals who may have limited access to traditional financial institutions.
One of Atlanticus' key business divisions is its online direct-to-consumer platform known as Fortiva�. Through Fortiva, the company offers unsecured consumer installment loans and lines of credit to individuals with non-prime credit scores. These loans are typically used for financing various consumer purchases, such as home improvements, medical expenses, and retail purchases.
In addition to consumer lending, Atlanticus also operates as a service provider to financial institutions and retailers. The company provides these partners with end-to-end credit solutions, including underwriting, risk management, and loan servicing. This allows financial institutions to expand their customer base and retailers to offer financing options to their customers.
Atlanticus employs advanced data analytics and technology to assess credit risk, enabling the company to make lending decisions quickly and efficiently. Their focus on individuals with non-prime credit scores sets them apart from traditional lenders and helps bridge the gap for customers who may face difficulty obtaining credit from traditional sources.
Overall, Atlanticus Holdings Corporation plays a vital role in the financial services industry by providing credit access, improving financial inclusion, and facilitating economic opportunities for underserved consumers.