Company Profile Summary. Venmo, a subsidiary of Paypal (eBay), is a company that provides person-to-person payment services using its smartphone application. Venmo was founded by Andrew Kortina and Iqram Magdon-Ismailin in 2009 and maintains headquarters in San Francisco, CA.
What are the minimum credit requirements to receive a loan? Borrowers on Upstart must have a minimum FICO score of 620 as reported by a consumer reporting agency. Note, we do accept applicants with insufficient credit history to produce a FICO score. In addition, there cannot be any material adverse change in your credit report from the time the loan was offered to you and your funding.
The minimum credit score varies from lender to lender. A minimum score of 720 is required although give strong compensating factors, lenders will go down to 680. If you need a larger loan, then your option is a jumbo loan. In general, you will need a strong credit score, LTV under 70% and strong income.