Latest News Headlines
Commercial Credit News
|Elevate UK reaches its one millionth loan milestone|
|Friday, 21 October 2016|
Elevate Credit International Limited (“Elevate UK”), provider of short term loans via Sunny.co.uk, has today announced that it has funded its one millionth instalment loan in the UK.
To celebrate the landmark milestone, Sunny has written off the total loan for the customer.
With decreasing access to mainstream banking for their emergency credit needs, consumers are increasingly turning to alternative lending sources for a short-term solution. Since the Sunny instalment loans product was introduced in January 2015, more than one million loans have now been issued in less than two years.
Scott Greever, Managing Director of Elevate UK, commented: “Issuing our one millionth Sunny instalment loan is a significant milestone in our company’s history. We know our Sunny customers love the ease and transparency that comes with using our product, and this is reflected in our 5 star Trustpilot rating and 93% customer satisfaction scores.*
“Elevate UK is focused on helping customers reach a better financial future, bringing a better alternative to UK short-term borrowers, and we are looking forward to helping more people as we grow even further.”
This milestone builds on the recent success of the company following another significant milestone in Elevate’s history. Last month it announced that it has hired its 500th employee, highlighting successful growth on both sides of the Atlantic.
Elevate UK offers two loan products, Sunny Now and Sunny Plus where customers can borrow £100 - £2,500 with rates that can be over 50% cheaper than payday.
Forums International Ltd
Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.
Find out more here.
The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.
CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.
As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.
Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.
GTS Media Ltd
81 Cambridge Road
Registered in England No: 05483197