Podcast 130: Ken Rees of Elevate. The CEO and Chairman of Elevate speaks concerning the…
The CEO and Chairman of Elevate speaks in regards to the challenges associated with the short-term loan area and the thing that makes their business different
The short-term loan area has unique challenges. There clearly was frequently little to no credit information regarding the borrowers helping to make underwriting hard. Defaults are high and as a consequence rates of interest are high as well. The area has already established a reputation for bad actors therefore the CFPB recently circulated brand new guidelines to be able to guarantee more lending that is responsible. Some businesses, though, had currently embraced responsible financing.
My visitor in the episode that is latest regarding the Lend Academy Podcast is Ken Rees, the Chairman and CEO of Elevate, a brief term lender that went general general public early in the day in 2010. Ken is an experienced operator, having held it’s place in the short-term loan area for quite some time.
In this podcast you shall discover:
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