The Shapeshifter: Ken Rees of Elevate and Think Finance

The Shapeshifter: Ken Rees of Elevate and Think Finance

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Ken Rees may be the CEO of payday lender Elevate additionally the previous CEO of Think Finance, the payday mortgage lender that Elevate spun away from in 2014. Rees and Elevate offer installment loans that they claim are a much better alternative than pay day loans. This claim doesn’t endure, nevertheless, in light of Elevate’s interest that is extremely high all the way to 378.95per cent. Rees and Elevate have also acknowledged the high rates of interest in the loans they supply, with Rees saying they provide are an “expensive as a type of credit. they are perhaps not providing “rock-bottom” prices in addition to small print of these solicitations acknowledging that the loans” using their astronomical interest rates, Elevate raked in more than a half billion bucks in 2013 alone. Continue reading “The Shapeshifter: Ken Rees of Elevate and Think Finance”