Home Capital, Inc. - Online Retail Lender


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Many have written in today to report that this Atlanta-based online retail lender is defunct. Word is that they've filed Chapter 11, and have let go of all the sales staff.

Their emphasis seemed to be non-prime 1st and 2nd originations; I'm not sure how much prime they did, if any.

Their web site is still up. More details forthcoming as we receive them.

Update, April 17: One of our regular correspondents writes in with this transcription of the phone message left on Home Capital's system:

Today is April 17. Home Capital has ceased its operations. If you are a customer in process, it is our intention that you will be contacted by a Home Capital representative with in the next 3 to 5 business days via phone or email regarding the status of your application. We do NOT have associates covering the telephones. However you may send an email and we will do our best to answer it in the next 3 to 5 business days.

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Important: This company is on our list of lending operations that have "imploded". However, please note that "imploded" is a somewhat subjective and does not necessarily mean operations are ceased permanently: it can mean bankruptcy filing, temporary but open-ended halting of major operations, or "firesale" acquisition. All information here is provisional, and may contain inaccuracies (especially newer information). If you are planning on doing business with this company or any other one listed on this site, you should inquire with them directly on whether they can still meet your needs. Many are still operating in some capacity.