“I know 2 people that have received a pre-screened letter - though neither really wanted a loan.”
This is interesting. It suggests to me that the low-risk clusters which UPST identifies in their datamining are also being used to develop targeted marketing campaigns based on the demographics of each particular cluster. This is a logical and expectable application of their technology.
I think I’ll put more money into the company; I like the way they’re operating.