<ul data-eligibleForWebStory="true"><li>The traditional credit supply chain is under strain, leading consumers to seek alternatives.</li><li>Late-stage delinquencies on revolving debt surged, with household debt reaching $18.2 trillion.</li><li>Propel Holdings specializes in providing alternative credit access to underserved consumers.</li><li>By using AI for cash flow underwriting, Propel can assess creditworthiness rapidly.</li><li>They aim to offer superior credit to the underbanked population.</li><li>Propel's average customer demographic is aged 35 to 54, with a primary product of a line of credit.</li><li>They operate in the U.S., U.K., and Canada, with the U.S. market constituting 90% of their business.</li><li>Macroeconomic factors influence their market performance in each country.</li><li>Propel's 'Goldilocks scenario' signifies a favorable environment for its business.</li><li>They are also expanding through a lending as a service (LaaS) offering to partner with other institutions.</li></ul>

Tight Credit Market Creates ‘Goldilocks Scenario’ for Alternative Lenders

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