: E-Loan, as a division of Banco Popular de Puerto Rico, officially stopped issuing new personal loans in early 2022.
While E-Loan's original free score offer is a piece of history, federal law now mandates access to the same information through official channels. Free Credit Reports | Consumer Advice eloan-free-credit-report
It is important to distinguish between the original E-Loan brand and current similarly named services. : E-Loan, as a division of Banco Popular
: Executives likened withholding credit scores to preventing college applicants from seeing their SAT scores, arguing that transparency was essential for managing personal finances. : Executives likened withholding credit scores to preventing
Founded in 1997, E-Loan was one of the first online mortgage and auto lenders. At a time when credit scores were strictly for lenders' eyes, E-Loan's leadership argued that "people are flying blind" and that consumers deserved to see the data used to judge their financial worth.
: Existing E-Loan personal loans were largely transferred to Systems & Services Technologies Inc. (SST) for ongoing management.