Elevate Credit Fourth Quarter and Full Year 2020 Earnings Release Available on its Investor Relations Website

Rhea-AI Summary

Elevate Credit, a tech-enabled provider of online credit solutions for non-prime consumers, announced its Q4 and full-year 2020 financial results. The company has originated $8.8 billion in non-prime credit to more than 2.5 million consumers, saving customers over $7.9 billion compared to payday loans. The conference call discussing these results is scheduled for February 8, 2021. Elevate aims to support responsible borrowing with decreasing interest rates and free financial training.

Positive

• Originated $8.8 billion in non-prime credit.
• Saved consumers over $7.9 billion versus payday loans.
• Supports borrowers with decreasing interest rates and financial training.

Negative

• None.

Elevate Credit, Inc. (“Elevate”), a leading tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, today announced financial results for the fourth quarter and full year 2020. Elevate has posted its release to its Investor Relations webpage at http://investors.elevate.com/press-releases.

Conference Call

The Company will host a conference call to discuss its third quarter financial results on Monday, February 8 at 4:00 p.m. Central Time / 5:00 p.m. Eastern Time. Interested parties may access the conference call live over the phone by dialing 1-877-407-0792 (domestic) or 1-201-689-8263 (international) and requesting the Elevate Credit Fourth Quarter and Full Year 2020 Earnings Conference Call. Participants are asked to dial in a few minutes prior to the call to register for the event. The conference call will also be webcast live through Elevate’s website at http://www.elevate.com/investors.

An audio replay of the conference call will be available approximately three hours after the conference call until 11:59 pm ET on February 22, 2021, and can be accessed by dialing 1-844-512-2921 (domestic) or 1-412-317-6671 (international), and providing the passcode 13715014, or by accessing Elevate’s website.

About Elevate

Elevate (NYSE: ELVT) provides online credit solutions to consumers and banks in the United States who are not well-served by traditional bank products and who seek alternative options to payday loans, title loans, pawn, and storefront installment loans. Elevate, and the banks that rely on its marketing expertise and license its technology services, has originated $8.8 billion in non-prime credit to more than 2.5 million non-prime consumers and has saved its customers more than $7.9 billion versus the cost of payday loans. Its responsible, tech-enabled online credit solutions provide immediate relief to customers today and help them build a brighter financial future. The company is committed to rewarding borrowers’ good financial behavior with features like interest rates that can decrease over time, free financial training and free credit monitoring. Elevate’s suite of groundbreaking credit brands includes RISE, Elastic and Today Card. For more information, please visit http://www.elevate.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210208005871/en/

FAQ

What are Elevate Credit's Q4 2020 financial results?

Elevate Credit announced it originated $8.8 billion in non-prime credit during Q4 2020.

When will Elevate Credit discuss its financial results?

Elevate Credit will host a conference call on February 8, 2021, at 4:00 p.m. Central Time.

How much have Elevate Credit's customers saved?

Customers have saved more than $7.9 billion compared to payday loans.

What is Elevate Credit's commitment to borrowers?

Elevate Credit is committed to rewarding good financial behavior and providing financial education.