Elevate Credit Introduces Elevate.com, a Data-Driven Financial Wellness Platform for Non-Prime Consumers
May 25 2022 - 8:00AM
Business Wire
Elevate Credit, Inc. (NYSE: ELVT), a leading tech-enabled
provider of innovative and responsible online credit solutions for
non-prime consumers, today announced the launch of the new
Elevate.com. This groundbreaking website was specifically designed
for non-prime consumers providing a financial marketplace and
empowering educational tools for improving financial resilience.
The site reimagines financial literacy to upend the traditional
approach to financial wellness by leveraging credit data from
Transunion, consumer insights from the Center for the New Middle
Class, and Elevate’s customer experience expertise gleaned from
years of serving American households. The website offers engaging
content to help consumers improve their credit scores, understand
how their values impact their finances, and demystify the world of
personal finance.
“Elevate.com combines insights that are grounded in data to
create a cutting-edge user experience that can address the complex
needs of the non-prime population—more than 170 million Americans,”
said Jonathan Walker, Executive Director of the Center for the New
Middle Class, Elevate’s internal thinktank that conducts research,
surveys and focus groups on the non-prime demographic. “Using
longitudinal data and statistical analysis, our team designed a
destination for anyone seeking flexible credit options and
actionable guidance on the path to financial resilience.”
In order to help the non-prime population tackle financial
obstacles with confidence, Elevate.com features an array of unique
resources:
- Personalized ideas for how individuals can increase their
credit scores by up to 40 points
- Customized reports with value-based actions to help visitors
realize their financial goals
- Ability to explore how other people in similar circumstances
improved their credit scores
- Step-by-step credit repair instructions to avoid paying a
company for the service
- Detailed explanation of how credit reports and scores work and
what consumers can do to achieve better financial health
- A borrowing marketplace where visitors can access a range of
financial products depending on their unique needs
None of the resources on the website exist behind a firewall and
all of them are free. Visitors will need to sign up for an account
in order to save information and track their progress.
Matt Komos, Vice President, Global Head of Scores and Attributes
at TransUnion added, “The tools on Elevate.com provide a consumer
the ability to utilize individual, anonymous credit score data to
help them understand their own credit journey relative to other
consumers. We commend Elevate for developing financial wellness
tools that are innovative and data driven. These tools are poised
to make a meaningful impact on the lives of those facing financial
setbacks, which are oftentimes outside of their control.”
“There is nothing else like Elevate.com in the marketplace
today,” said Jason Harvison, Chief Executive Officer of Elevate.
“We are leveraging our twenty years of experience in the industry
with our deep relationship with TransUnion to give consumers an
unprecedented view into the workings of financial improvement. I
couldn’t be prouder of our efforts.”
About Elevate
Elevate (NYSE: ELVT), together with the banks that license its
marketing and technology services, has originated $10.0 billion in
non-prime credit to more than 2.7 million non-prime consumers to
date. Its responsible, tech enabled online credit solutions provide
immediate relief to customers today and help them build a brighter
financial future. The company is committed to rewarding borrowers’
good financial behavior with features like interest rates that can
go down over time, free financial training and free credit
monitoring. Elevate’s platform powers a suite of groundbreaking
credit products includes RISE, Elastic, Today Card and Swell. For
more information, please visit http://corporate.elevate.com.
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company that
makes trust possible in the modern economy. We do this by providing
an actionable picture of each person so they can be reliably
represented in the marketplace. As a result, businesses and
consumers can transact with confidence and achieve great things. We
call this Information for Good®.
A leading presence in more than 30 countries across five
continents, TransUnion provides solutions that help create economic
opportunity, great experiences and personal empowerment for
hundreds of millions of people.
http://www.transunion.com/business
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Investor Relations: Solebury Trout Sloan Bohlen, 817-928-1646
investors@elevate.com
Media Inquiries: Solebury Trout Laurie Steinberg, 845-558-6370
lsteinberg@soleburytrout.com
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