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Elevate Credit, Inc. (NYSE: ELVT) announced its first quarter 2022 financial results, showcasing robust credit origination of $10.1 billion to over 2.7 million consumers. The company emphasizes its commitment to responsible lending by rewarding positive financial behavior with reduced interest rates and offering free financial training and credit monitoring. A conference call will take place on May 4 at 4:00 PM CT to discuss the results in detail.
Elevate Credit, Inc. (NYSE: ELVT) will release its Q1 2022 financial results after market close on May 4, 2022. CEO Jason Harvison and Interim CFO Chad Bradford will host a conference call at 5:00 PM ET to discuss the results. Interested parties can join the call by dialing 1-877-295-1828 (domestic) or 1-212-231-2934 (international), or via webcast on Elevate's Investor Relations website. An audio replay will be available shortly after the call until May 18, 2022 at 11:59 PM ET.
Elevate’s Center for the New Middle Class has published a white paper detailing the financial strain inflation is placing on American households, particularly comparing non-prime and prime credit consumers. Key findings reveal a 10% increase in non-prime households feeling significant pressure from rising gas prices, now at 35%. Additionally, 31% of non-prime households report high financial strain from healthcare costs, up from 21% pre-pandemic. The report underscores the limited credit access for non-prime consumers during these challenging economic times.
Elevate Credit, Inc. (NYSE: ELVT) has announced a partnership with the University of Georgia’s Department of Financial Planning, Housing and Consumer Economics. This two-year collaboration aims to publish research on the financial wellbeing of middle-class Americans, particularly non-prime consumers with credit scores below 700. Over four years, the Center for the New Middle Class has gathered over 20,000 consumer surveys, covering 50 financial metrics. The initiative seeks to enhance financial literacy and support academic contributions in personal finance.
Swell Financial Inc. has secured $10 million in Series A funding, led by Park Cities Asset Management, with participation from Elevate Credit (NYSE:ELVT) and Central Pacific Financial Corp (NYSE:CPF). The funds will support the Swell App, designed to help users manage spending and investments. The partnership encourages innovation in consumer finance, with minimal entry fees for investments. Notably, Swell's advisory board includes leaders from various firms, which is expected to enhance its market position.
Elevate Credit, Inc. (NYSE: ELVT) reported its financial results for Q4 and full year 2021, highlighting the origination of
Elevate Credit, Inc. (NYSE: ELVT) announced its participation in the Credit Suisse 23rd Annual Financial Services Forum on February 18, 2022, in Key Biscayne, FL. CEO Jason Harvison and CSO Chris Lutes will hold in-person meetings with investors during the event. Since inception, Elevate has provided $9.5 billion in credit to over 2.6 million consumers, emphasizing responsible lending with features like decreasing interest rates and free financial training. For details, visit corporate.elevate.com.
Elevate Credit, Inc. (NYSE: ELVT) will release its fourth quarter and fiscal year 2021 financial results on February 15, 2022, after market close. CEO Jason Harvison and Interim CFO Chad Bradford will host a conference call at 5:00 pm ET to discuss the results. Interested parties can join by phone or through the webcast. Elevate has originated $9.5 billion in credit to over 2.6 million consumers, providing responsible online credit solutions aimed at improving financial health.
