вЂњOur customers would be the riskier clients. There was a possibility if they canвЂ™t make their payments,вЂќ Rees explained that they wonвЂ™t be able to make the payments, but we think that customers shouldnвЂ™t be worse off. We doвЂњSo we structured what. We donвЂ™t have any fees that are late we donвЂ™t have added on charges. We donвЂ™t sue customers that canвЂ™t make their re re payments. We make an effort to work with them вЂ¦ We think, letвЂ™s just get smarter and smarter in regards to the underwriting experience then be since flexible as humanly feasible in the event that client has dilemmas.вЂќ
вЂњI suggest they have today are payday loans and title loans, it gives us a great opportunity to build a long-term growth model in this space,вЂќ he added if you have two-thirds of the U.S. thatвЂ™s not being served by banks and is looking for credit and the only options.
Rees said that he in addition to Elevate team think about america as a nation that is non-prime to 3 important components вЂ“ rate of savings, ine volatility and low fico scores. Continue reading “Elevate give attention to credit for the non-prime debtor”