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Dec
Dec
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…)