LendingTree Looks to Boost Borrowers’ Credit Score With Acquisition
The marketplace lender, which facilitates financing for consumers and small businesses, will pay $20.75 million for the credit services company, the firms said in a press release. Ovation Credit Services offers a credit repair software solution that integrates directly with credit bureaus. The firm also offers consumers credit improvement education.
“LendingTree is committed to helping all consumers meet their financial goals, regardless of where they are in the credit spectrum,” said LendingTree Founder and CEO Doug Lebda in a statement. “According to industry estimates, almost one-third of Americans have poor or bad credit, and our own consumer traffic mirrors this situation.”