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.
Scores range from about 350-850 points. The higher your score, the better. The majority of scores are in the 600-700 range. Scores of 700 and above are considered prime and can get you much better interest rates on loans. Having a score below 700 does not mean you will be denied credit, but you'll pay more for it.