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Pave No Longer Making Personal Loans

July 24, 2017
Loans, Personal Loans, Personal Loans Reviews
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We adhere to strict standards of editorial integrity. Some of the products we feature are from our partners. Here’s how we make money.

Pave personal loans

Pave, an online lender that rewarded borrowers who used loans for self-improvement with a lower interest rate, stopped lending in June 2017.

The New York-based company focused on young borrowers who wanted to enroll in educational courses, pay down credit card debt or cover relocation expenses for a new job.

Pave did not give a reason for the change but said it is exploring strategic options.

Existing loans will continue to be serviced, according to the company.

If you are looking for a personal loan, consider these other options:

Updated July 24, 2017. 

Amrita Jayakumar is a staff writer at NerdWallet, a personal finance website. Email: ajayakumar@nerdwallet.com. Twitter: @ajbombay