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 →