With its sophisticated merchant portal providing quick access to affordable installment loans, LendingUSA effectively bridges the gap between point-of-need loans and direct-to-consumer loans.
Sherman Oaks, California (PRWEB)
February 28, 2016
LendingUSA, a leading lender in the market and provider of consumer point-of-need financing, today announced the appointment of Mike Testa, former president of CareCredit, as new president. Mike will assume his role immediately, working with LendingUSA Founder and CEO Camilo Concha to scale and grow the company’s point-of-need and direct-to-consumer finance business.
“Recent technological advancements are transforming both the personal lending and customer-oriented lending industries in a massive way,” says Testa. “With its sophisticated merchant portal providing quick access to affordable installment loans, LendingUSA effectively bridges the gap between tailored loans and direct loans to consumers,” says Testa. “This puts LendingUSA at the forefront of our rapidly changing industry. It is a privilege and an honor to be named President, and I look forward to helping LendingUSA grow in this dynamic landscape.
Under Mike’s leadership, CareCredit – a specialty credit card company focused on the health, wellness and beauty markets, has become a leader in its industry. During his tenure as President, he oversaw the exponential growth of CareCredit, growing it from $ 100 million per year to nearly $ 5 billion per year in loan volume.
“In addition to his excellent track record, Mike brings a wealth of experience and expertise that will fuel our continued growth,” said Camilo Concha, Founder and CEO of LendingUSA, “We look forward to benefiting from his customer-focused results. oriented thought as we continue our push to the top of the mountain.
LendingUSA specializes in one-off, direct-to-consumer financing solutions, with a particular focus on a wide range of optional medical services and consumer goods and services. The Company’s proprietary technology combines traditional and next-generation underwriting and fraud detection techniques to approve loan applications in real time, often in seconds. LendingUSA builds strong relationships with its merchant partners by providing them with the tools and training to deliver the right financing to customers where they need it. LendingUSA also powers an exclusive network of websites that help thousands of people each month find and obtain financing for health care and plastic surgery loans, fertility loans, dental loans, legal loans, pet loans and many other needs. All loans are made by Cross River Bank, a New Jersey state chartered bank, member of the FDIC. Loans are currently not available in Connecticut, New York and Vermont.
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