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Can Fintech Lower Prices For High-risk Borrowers?

Ken Rees could be the creator and CEO of on line fintech loan provider Elevate. The business serves credit-challenged borrowers at rates far less than alleged lenders that are payday. His company also is designed to assist clients boost their credit scoring and finally access increasingly reduced rates of interest. In this meeting, he covers exactly exactly exactly how technology is recasting their state of this marketplace for individuals with damaged ??” or no ??” credit. He participated on a panel of fintech CEOs at a current conference ??“ ???Fintech therefore the New Financial Landscape??? ??“ at the Federal Reserve Bank of Philadelphia.

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Ken Rees: Elevate credit had been started to be mostly of the fintech companies focused exclusively regarding the requirements of undoubtedly non-prime customers ??” individuals with either no credit history at all or a credit history between 580 and 640. More…