Elevate Reviews

Since its founding, Elevate and its partners have originated $10 billion in credit to more than 2.7 million nonprime consumers. Today, Elevate provides immediate relief to nonprime consumers (those with credit scores between 601 and 660) while helping them build a brighter financial future. As a financial marketplace, Elevate offers free financial literacy training, smart tools, financial solutions and credit monitoring.

Using credit data from TransUnion and insights from its own Center for the New Middle Class, Elevate aims to help consumers improve their credit scores, grasp the world of personal finance and understand how their personal values impact their financial standing.

Elevate is like a marketplace for ideas and loans specifically designed for nonprime consumers. Nonprime credit scores are between 601 and 660. Those in the nonprime tier sometimes have a decent financial history but can’t qualify for the best loans and credit cards. Elevate is designed specifically to help these users.

The company provides a host of information and interactive quizzes for you to explore. Users can take advantage of nearly every aspect of the site without paying or signing up for anything, although registering a free account is required if you want to save your progress.

Elevate offers a range of services, including personalized ideas for improving credit, customized reports and a borrowing marketplace. It splits its services into two buckets: smart tools and financial solutions.

Smart tools

Elevate’s smart tools are designed to help users understand their financial situation on a deeper level; they also provide helpful tips and insights into how users can potentially better their financial position.

• Score40: This free quiz shows users how to improve their credit score by up to 40 points.
• Money Mindfulness: This unique quiz helps users understand how mindset and values can have an impact on money management skills.
• Road to Results: This roadmap shows how users with similar credit backgrounds improved their credit scores.

Financial solutions

Elevate is not a lender and does not originate loans, but it partners with third-party lenders. Its financial solutions help customers find options for maximizing their budgets while improving their credit and financial futures. Lines of credit, credit cards and personal loans are not available in some states.

• Borrowing: Customers can get pre-qualified quickly with multiple lenders without negatively impacting their credit. Options include personal loans, credit cards and lines of credit.
• Auto refinancing: Customers can compare vehicle refinance loans from Elevate’s lending partners. Loan amounts range from $2,500 to $200,000.
• Banking: Customers can easily compare different banks in their area for factors like cashback rewards, annual percentage yield (APY) and monthly fees.

Elevate is mostly free, and it doesn’t charge for any of its resources. To track progress, you need to sign up for a free account. For those who take out a loan through one of Elevate’s partners, there may be additional costs. Costs range from lender to lender and can vary based on the type of product.

Elevate is designed specifically for those with credit scores between 601 and 660 (nonprime consumers), so not all users will find its information useful or relevant. That being said, if you’re simply looking to learn more about improving your credit situation and you fall into the nonprime consumer category, Elevate may be a good place to start — especially since all of its information is free to use.