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Elevate Credit Innovative Financial Services Or Online Loan Sharks? Jury’s Out

Elevate Credit Innovative Financial Services Or Online Loan Sharks? Jury’s Out

Elevate Credit Innovative Financial Solutions Or Online Loan Sharks? Jury’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 — 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 “payday” loans that have now been derided by customer groups since the 1980s. (more…)