Elevate give attention to credit for the non-prime debtor

Elevate give attention to credit for the non-prime debtor

“Our customers would be the riskier clients. There was a possibility if they can’t make their payments,” Rees explained that they won’t be able to make the payments, but we think that customers shouldn’t be worse off. We do“So we structured what. We don’t have any fees that are late we don’t have added on charges. We don’t sue customers that can’t make their re re payments. We make an effort to work with them … We think, let’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.”

“I 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,” he added if you have two-thirds of the U.S. that’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 – rate of savings, ine volatility and low fico scores. Continue reading “Elevate give attention to credit for the non-prime debtor”