What is GreenSky Credit? Who started it and how can you get involved?
Recently, Bloomberg published an article entitled, “Instant Lending Made This College Dropout a Billionaire”. And in this article, they discuss how David Zalik found over $3 billion worth of success by founding GreenSky Credit in the year 2006.
GreenSky Credit is a way to take out a simple loan if you need to finance a home improvement, health care, or other similar things. Zalik makes the process quick, simple, and safer for lenders than traditional banks. To date, GreenSky has financed over $8 billion in loans to consumers.
GreenSky offers instant promotional credit to people who qualify for it.
Forbes also published an article entitled, “Handyman’s Helper: How GreenSky’s David Zalik Skipped High School On His Way To Becoming A Billionaire.” In this article, Forbes explains that GreenSky Credit is not on the hook when it comes to defaults since they are only a third party between lenders and debtors. This is part of what has contributed to so much of GreenSky Credit’s success since they have a lower rate of loss than banks that traditionally lend money directly to the debtors and are liable when people default.
Zalik is looking to take GreenSky to bigger and better places.
David Zalik is hoping that in the near future, GreenSky can find not only home renovations but plastic surgery and more. After all, it is a prime business model and people are need of lending money all the time in a bad economic state.
David Zalik is known for his success despite dropping out of school at a young age. This billionaire has started multiple companies over the course of his career and he shows no signs of slowing down or stopping any time soon. He has been listed by Forbes as one of the world’s top innovators.