Based out of San Francisco, Social Finance, or more commonly, SoFi, first came online in 2011, offering refinancing solutions for student loans. SoFi claims to have refinanced the most student debt in the U.S., stating that members save an average of $288 a month.
The more than $4 billion lending company has since expanded to offer mortgages and personal loans. Per the company's website, it prides itself in cutting operating costs by offering a completely digital experience rather than brick-and-mortar branches. SoFi offered $3.1 billion in loans last year, earning an adjusted profit of $61.6 million on $134 million in revenue.
Its major investors include SoftBank (SFTBY) , Discovery Capital and Baseline Ventures, according to the New York Times.
The risks are likely different from what you've been told. Here's what you should be watching instead and how it could impact your investment decisions.
The issue is not CHK's debt, but whether it can service the debt, and the company's robust hedge book and the recent uptrend in natural gas pricing CHK show that it should be.
After reaching the age of 68, I know a lot more than I did back in 1968. Here's my note to myself as I was getting ready to go off to college and then on to the real world.
It's so nice to be in love and really get to know someone. But do you really know that person? Do you know your sweetie's credit score? Do you have your own checking account? Give me 60 seconds and I'll tell you why you should!
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