NEWPORT BEACH, Calif., July 20, 2016 (GLOBE NEWSWIRE) -- New England Funding Technologies, LLC (NEFT) today announced that it is formally changing its name to Lantern Credit, LLC and its website to LanternCredit.com.
Lantern Credit is a financial technology company transforming the way consumers manage their credit report data, handle existing debt and payments, and acquire new credit products by integrating and enhancing key components of the consumer credit ecosystem.
“Consumers are finding it difficult to understand their credit report, lack the ability to model the impact of their actions on their credit scores, and are frustrated by the inability to gain control over their credit worthiness,” said Chad Swensen, CEO of Lantern Credit, LLC. “We see Lantern as the way to illuminate the world of consumer credit, lighting the way toward a better financial future for consumers and financial institutions.”
The transformative technology developed by Lantern Credit enables consumers to control their credit scores, gain visibility into the impact of their financial choices, and increase their prospects for financial health through a free, self-service, cloud-based platform.
Unlike existing credit reports that are universally static, Lantern’s Interactive Credit ReportTM empowers consumers with tools to view a free credit report and score, model the impact of their financial actions, receive and accept offers directly from creditors, accept new credit offers, and make payments on existing accounts.
Financial institutions can use the Lantern Credit Platform to generate uniquely tailored credit offers to consumers by leveraging the most current and accurate information available on a consumer’s credit worthiness. The platform is available for licensing to financial institutions, strategic partners, and credit reporting agencies.
About Lantern Credit, LLC
Lantern Credit, LLC is a financial technology company working to solve systemic inefficiencies in the consumer credit market by developing a proprietary platform that integrates and enhances key components of the consumer credit, debt, credit reporting and scoring industries. The company’s transformative technology, including the Interactive Credit ReportTM, empowers consumers to model the impact of their financial actions on their credit scores and accept new credit offers. The Lantern Platform can be licensed by financial institutions, strategic partners, and credit reporting agencies. The company is headquartered in Newport Beach, California. For more information, visit www.LanternCredit.com.