Elevate Credit Innovative Financial Solutions Or Online Loan Sharks? JuryвЂ™s Out
According to the way you experience borrowing and lending, Texas-based Elevate Credit may be the very very first hot brand new technology stock of 2016 вЂ” or an ignoble, consumer-exploiting failure.
The pany, supported by Silicon Valley investment capital heavyweights, attempted to reinvent small-dollar lending over a decade ago and today peddles online installment loans that it states can change conventional, high-interest вЂњpaydayвЂќ loans that have now been derided by customer groups since the 1980s. (more…)