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- MyRichUncle abstract "MyRichUncle was a service mark of the defunct MRU Holdings, a former NASDAQ listed company that became the fourth-largest provider of private student loans in the U.S. in 2007. The company offered both private and federally guaranteed student loans. MyRichUncle pioneered the use of credit algorithms specific to the circumstances of student lending, developing a proprietary “human capital investment” approach to underwriting student loans in addition to utilizing traditional credit scoring. MyRichUncle actively fought to create a new level of transparency within the student loan industry and sought to position itself as the “conflict-free” alternative lender.MyRichUncle’s 2007 New York Times advertising campaign, which questioned the practice of financial aid offices having inappropriate “pay-to-play” relationships with student loan companies, is often credited as the catalyst in initiating the New York Attorney General’s investigation of deceptive lending practices in the student loan industry. Between May 2005 and September 2008, MRU Holdings originated over $550 million in student loans and became one of the largest providers of private student loans, behind top lenders such as Sallie Mae, Citibank, and JPMorgan Chase.On February 9, 2009, as a result of the worsening credit crisis and its reliance on major banks, such as Merrill Lynch and Lehman Brothers for equity and debt financing, MRU Holdings, Inc., the parent holding company of MyRichUncle, filed for Chapter 7 bankruptcy and suspended all its operations.".
- MyRichUncle wikiPageExternalLink NTA2007042070284.
- MyRichUncle wikiPageExternalLink 1060611291.html?dids=1060611291:1060611291&FMT=ABS&FMTS=ABS:FT&date=Jun+15%2C+2006&author=Jane+J.+Kim&type=8_90&desc=Student+Lender+Woos+Borrowers+With+Low+Rates.
- MyRichUncle wikiPageExternalLink www.myrichuncle.com.
- MyRichUncle wikiPageExternalLink idUKN2135632820070523?rpc=77.
- MyRichUncle wikiPageID "5747390".
- MyRichUncle wikiPageRevisionID "604713807".
- MyRichUncle hasPhotoCollection MyRichUncle.
- MyRichUncle subject Category:Companies_based_in_New_York.
- MyRichUncle subject Category:Defunct_companies_based_in_New_York_City.
- MyRichUncle subject Category:Defunct_financial_services_companies_of_the_United_States.
- MyRichUncle subject Category:Education_finance_in_the_United_States.
- MyRichUncle type Abstraction100002137.
- MyRichUncle type CompaniesBasedInNewYork.
- MyRichUncle type Company108058098.
- MyRichUncle type DefunctCompaniesBasedInNewYorkCity.
- MyRichUncle type DefunctFinancialServicesCompaniesOfTheUnitedStates.
- MyRichUncle type Group100031264.
- MyRichUncle type Institution108053576.
- MyRichUncle type Organization108008335.
- MyRichUncle type SocialGroup107950920.
- MyRichUncle type YagoLegalActor.
- MyRichUncle type YagoLegalActorGeo.
- MyRichUncle type YagoPermanentlyLocatedEntity.
- MyRichUncle comment "MyRichUncle was a service mark of the defunct MRU Holdings, a former NASDAQ listed company that became the fourth-largest provider of private student loans in the U.S. in 2007. The company offered both private and federally guaranteed student loans. MyRichUncle pioneered the use of credit algorithms specific to the circumstances of student lending, developing a proprietary “human capital investment” approach to underwriting student loans in addition to utilizing traditional credit scoring.".
- MyRichUncle label "MyRichUncle".
- MyRichUncle sameAs m.0f2j8z.
- MyRichUncle sameAs Q6944859.
- MyRichUncle sameAs Q6944859.
- MyRichUncle sameAs MyRichUncle.
- MyRichUncle wasDerivedFrom MyRichUncle?oldid=604713807.
- MyRichUncle homepage www.myrichuncle.com.
- MyRichUncle isPrimaryTopicOf MyRichUncle.