Why this subprime loan provider funds loans through the Cayman Islands

Why this subprime loan provider funds loans through the Cayman Islands visit the web site Elevate Credit calls its clients in the usa plus the British the “New Middle Class”, attempting to sell them loans into the latter at a representative apr of 1295 %. It really is gearing up to float in ny this week and, if effective, the Texas-based company will function as “first tech IPO of 2016”. The business claims that unlike payday lenders, it's clear costs “in...

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