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

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

Based on the method that you experience borrowing and lending, Texas-based Elevate Credit may be the very very first hot brand brand new technology stock of 2016 — or an ignoble, consumer-exploiting failure.

The pany, supported by Silicon Valley capital raising heavyweights, attempt to reinvent lending that is small-dollar a ten years ago now peddles online installment loans that it states can change old-fashioned, high-interest “payday” loans that have now been derided by customer teams considering that the 1980s. Continue reading