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In 2004, Quicken Loans became a defendant in a class action lawsuit on behalf of employees who had worked as loan consultants. In 2011, a jury ruled in favor of Quicken. [14] In August 2007, Quicken Loans discontinued second mortgages, home equity lines of credit, Alt-A products, and deferred interest loans. [15]
The Quicken brand had extended to other personal and household areas, including healthcare, but these extra applications are now defunct. Quicken Health Expense Tracker was a free online tool for healthcare consumers enrolled in participating health plans.
As of 1999, it was the number one site for online lending, with Quicken Loan's later online offering playing catch-up in second after E-Loan declined a buyout offer. [1] As of 2017, E-Loan is focused on its personal loan referral business, and as of May 15, 2017 all of its deposit customers were transferred to Popular Direct. [2] [3]
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Sources. Finance Rate on Personal Loans at Commercial Banks, Federal Reserve Bank of St. Louis.Accessed July 22, 2024. Commercial Bank Interest Rate on Credit Card Plans, All Accounts, Federal ...
When you can't qualify for balance transfers or personal loans, borrowing from your 401(k) might be an option. This approach lets you borrow up to 50% of your 401(k) balance or $50,000, whichever ...
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