moneytacks Elevate, a venture-backed company that uses big data to assess loan applications from people with low credit scores, has been called out as a predatory lender, including in Fortune last year. One reason among others is that the APR on some of its loans is a stunning 349 percent. Yet the company’s predecessor, Think Finance, which was founded in 2001 and quietly spun out Elevate into… Read More

Source: News