![]() ![]() In addition to the Rise installment loan, Elevate also offers a line of credit, Elastic, using FDIC-supervised Republic Bank & Trust (Kentucky), at an effective APR of about 100% in a number of states that do not allow that rate. Elevate was sued by the DC Attorney General for engaging in a rent-a-bank scheme and agreed to a nearly $4 million settlement and to stop usurious lending in DC. Rise also lends directly in a number of other states. 12 Payments of $514.60 each for a total of $6,175.20.Įlevate’s Rise uses FDIC-supervised FinWiseBank(Utah) and Capital Community Bank (Utah) to make installment loans of $500 to $5,000 with APRs of 99% to 149% in several states that do not allow those rates for some or all loans in that size range. ![]() ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |