GreenSky Credit Gives Loan Applicants a Reason to Smile

For many years in the past, the process of accessing loans from the financial lenders and the creditors have been a nightmare to many individuals. This has been caused by the bureaucracy that has been in with the operators of these financial institutions who never cared about the customers. All that they cared about was getting their profits as high as possible, by extorting their customers. However, since the establishment of GreenSky Credit, the situation in the industry has tremendously changed. The processes involved before the customers access the credit have been reduced into a simple process of picking a gadget and pressing the button to receive the bank accounts.

GreenSky Credit, with the leadership of its CEO, Zalik David, has brought a new revolution to the lending industry. With the introduction of their online platform for the communication between the lenders and the borrowers, the loan application process is never the same again; it’s cheaper and simpler. The beauty of this platform is that it’s not managed by the individual lenders, GreenSky Credit does the management through its well-trained staff who understands the needs and challenges of the customers. What transpires in the process of loan application using the electronic platform is that the customer logs into the platform. They then initiate the process by filling in their basic details that are relevant to the identification and verification of their identity. Then they transmit the details to the GreenSky Credit admins.

The new process:

After the reception by the GreenSky admins, the details are transmitted to the primary lenders who are in contract with GreenSky for the funding purposes. They scrutinize the information and then decide on the amount of loan that the applicants should access. Then the verdict is sent back to GreenSky Credit who then disburse the illustrated funds to the borrowers’ accounts. This process, unlike the traditional process, takes less than 48 hours for the borrowers to receive their funding. As a result of this online platform by GreenSky, the customers have now been relieved the pain of making endless queues at the financial institutions waiting for their loan approvals. They can now initiate and finish the process while still in their homes.

https://www.kununu.com/us/greensky-credit/reviews

GreenSky Credit CEO, David Zalik Skips College to Found Billion Dollar Company

Forbes recently published Lauren Gensler’s article “Handyman’s Helper: How GreenSky’s David Zalik Skipped High School on his Way to Becoming a Billionaire”. The article discusses the CEO and now billionaire’s path to entrepreneurship.

GreenSky Credit’s CEO and co-founder, David Zalik, moved to the U.S. from Israel when he was four years old. Though he performed brilliantly on his standardized tests, receiving incredibly high scores, he decided the conventional path simply wasn’t for him. Zalik decided to skip high school and go right to college. Auburn invited him to take classes when he was only twelve years old. Luckily, his father worked at Auburn University, so Zalik could simply ride his bike to campus. However, he quickly became distracted by his computer assembly company, MicroTech, and decided to drop out of college at a younger age than most high school graduates. At only fourteen, David Zalik was not only a college dropout, but he was also an entrepreneur.

He sold MicroTech for a few million dollars at the ripe age of 22 when he decided to move to Atlanta. After investing in real estate, he began heling companies create web and mobile apps for companies. It was his consulting experience that led him to create GreenSky Credit. GreenSky Credit was founded in 2006 in Atlanta.

Zalik refused to do things in the typically Silicon Valley startup way. Zalik rarely spoke to the press, he never speaks at the conferences he is invited to, and he refused to raise outside capital for nearly ten years. Instead, Zalik decided to borrow heavily himself in order to launch the company. GreenSky Credit’s CEO has led the company to grow to more than 900 employees, opening call centers in Cincinnati and Kentucky. GreenSky Credit has also facilitated more than $5 billion in loans and hopes to reach $20 billion by 2020.

The company has been listed as one of the top three financial technology companies in the country by CB Insights, a machine intelligence platform that analyzes startups, private company financing, and angel investments. CB Insights listed GreenSky Credit as second only to Stripe and SoFI

https://resources.greenskycredit.com/healthcare/case-study-the-cosmetic-dentists-of-austin