Profile: Elevate Credit Inc (ELVT.N)
23 May 2019
Elevate Credit, Inc., incorporated on January 31, 2014, provides online credit solutions to non-prime consumers, typically defined as those with credit scores of less than 700. The Company uses advanced technology risk analytics to provide financial options to its customers, who are not well-served by either banks or legacy non-prime lenders. It offers online installment loans and lines of credit in the United States, and the United Kingdom. Its products, Rise, Elastic and Sunny, provide customers with access to priced credit and services while helping them with credit building and financial wellness features. Its products include credit building and financial wellness programs, such as credit reporting, free credit monitoring (in the United States) and online financial literacy videos and tools.
Rise-US installment loans
Rise is an installment loan product. As of March 31, 2016, Rise was available in 15 states in the United States. In Texas and Ohio, Rise is available through a Credit Services Organization (CSO) program that provides consumers access to installment loans offered by a third-party lender.
Sunny-UK installment loans
Sunny is the Company's United Kingdom installment loan product. In addition, Sunny offers a no-fee guarantee.
Elastic-US bank-originated lines of credit
Elastic, is an open-end line of credit that is originated by a third-party lender under a contractual relationship whereby it provides marketing and technology services to support the lender's origination of Elastic lines of credit. As of March 31, 2016, Elastic was available in 40 United States' states.
Elevate Credit Inc
4150 International Plz Ste 300
FORT WORTH TX 76109-4819