CardIt
From Wikipedia, the free encyclopedia
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| Type | Private |
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| Industry | Consumer Internet, Credit Cards, Mortgage, Online payments |
| Founded | San Francisco, California (2006) |
| Headquarters | San Francisco, California, USA |
| Key people | Philip Mikal, Co-Founder Alexander Zada, Co-Founder |
| Products | Mortgage payments via credit card |
| Revenue | undisclosed |
| Employees | undisclosed |
| Website | www.cardit.com |
CardIt is an online payment system for monthly mortgage bills using a major credit card. Philip Mikal and Alex Zada were co-founders. CardIt is a California limited liability corporation with headquarters in San Francisco. It was founded in 2006 and has partnered with major technology and financial services companies.
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[edit] Criticism
Consumer watchdog groups such as American Consumer Credit Education Support Services argue that while Cardit's services may give some people added flexibility when making their mortgage payments, the service is just as likely to get many panicked consumers even deeper in debt, especially given the 2007 Subprime mortgage financial crisis.[1]
