Having a bad credit score can make it difficult to get a loan. “Banks, credit unions, and financial institutions use credit scores and other factors of your credit history to determine the borrower’s ability to repay the loan,” says David Haas, co-founder of PowerPay, a financial technology company that provides loans for home improvement projects. “A…
As U.S. consumer lending climbs from the depths it fell to in 2020, signs are strong that banks and credit unions that want to regain, maintain or even grow market share will have their work cut out for them. Facing a combination of new competitors, new forms of consumer credit like “buy now, pay later”…
PowerPay, the nation’s fastest-growing home improvement financing technology company, has announced a new partnership with Roofr, an all-in-one roofing platform that offers powerful tools designed for roofers, by roofers. The partnership will allow over 13,000 Roofr contractors to access PowerPay’s consumer financing program. The partnership will provide thousands of Roofr contractors to access PowerPay’s consumer…
PowerPay platform has originated more than $1 billion in loans, eyes SPAC to fuel growth April 12, 2021, 8:12 am By John Egan PowerPay, whose platform provides unsecured home renovation loans up to $100,000, is looking beyond lending for its growth. The King of Prussia, Pennsylvania-based company is dipping its toe into the insurance and payment markets,…
Time spent indoors last year sparked an increase in remodeling projects to make the stay-at-home experience more comfortable. With the ongoing effect of the pandemic, this year appears to be on the same path. Despite the economic downturn caused by the pandemic, home renovation spending increased 3% last year to $271 billion, according to a new report from Harvard…
PowerPay Hits $1 Billion in Home Renovations Loans NEWS PROVIDED BY PowerPay Mar 08, 2021, 09:00 ET PHILADELPHIA, March 8, 2021 /PRNewswire/ — PowerPay, the nation’s fastest-growing home improvement financing provider, has surpassed $1 billion in loan originations following its launch in December 2019. Through its network of 7,000 home improvement contractors, the company has financed over 50,000 projects nationwide with…
PowerPay has launched a new ad campaign in the state of Texas to help homeowners that have been impacted by the recent storms. We know how difficult it is to pay for home improvements, especially in a time of need so we are letting homeowners in Texas know that we are standing by and ready…
PowerPay is helping people finance their home improvement needs: “We feel like we’re helping people during the pandemic to get things they need and want,” said cofounder David Haas. Home improvement is way, way up. Amid pandemic-prompted stay-at-home orders, people are getting sick of looking at the same old backsplash and dream of transforming their…
Being cooped up indoors 24/7 has made a lot of people turn a critical eye toward their homes. While some are opting to move to new homes in more spacious locales, many homeowners are using money they’ve saved by not eating out or traveling to make their homes more comfortable. In fact, on average Americans…
If you’ve ever considered moving to a tiny house, you may have pictured yourself living a Walden-esque lifestyle that offers sustainability, financial independence and the freedom to live just about anywhere you want. Tiny houses are small — about 400 square feet or less — but there’s a lot more to building one than just…