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

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

Based on the manner in which you experience borrowing and lending, Texas-based Elevate Credit will be the very 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 financing over 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.

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