Elevate Credit Inc (ELVT)
Elevate Credit is a subprime lender that focuses on providing responsible loans to low credit or no credit borrowers.
Many subprime lenders are involved in predatory lending which is in violation of the United States Council of Catholic Bishops’ Socially Responsible Investment Guidelines. However, Elevate Credit does the opposite and, instead of targeting vulnerable low credit individuals with predatory rates and terms, offers low credit individuals the opportunity to help build credit with reasonable rates and transparent terms. This is in line with the spirit of the guidance of the USCCB and promotes socially responsible business.
The stance of IWP Capital is that Elevate Credit is a "Pass" with no involvement in any controversial activities.