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Elevate Center for the New Middle Class Partners with University of Georgia to Analyze Household Finance Challenges

Elevate Credit, Inc. (NYSE: ELVT) (“Elevate” or “Company”), a leading technology provider of innovative and responsible online credit solutions for consumers, today announced that its think tank internal, the Center for the New Middle Class (“CNMC”)will collaborate with Department of Financial Planning, Housing, and Consumer Economics at the University of Georgia (“UGA”) publish research and insights on the financial well-being of middle-class Americans. The two-year partnership will allow CNMC to showcase the data it has collected to better understand the unique challenges faced by unprivileged Americans, those with credit scores below 700. Over the past four years, CNMC has collected more than 20,000 consumer surveys, tracking 50 measures that encompass consumer household finances.

UGA’s Department of Financial Planning, Housing, and Consumer Economics, which studies financial, housing, and consumer issues that directly affect family economic well-being, co-author of papers with CNMC with the goal of publishing this research in a peer-reviewed journal. In addition to the academic research partnership, Elevate will serve as a departmental sponsor to advance the academic contributions of the PhD. students and teachers.

“We are extremely excited to partner with one of the leading universities in personal finance education,” said CNMC Executive Director Jonathan Walker. “CNMC was founded with a mission to engage thought leaders in improving the financial resilience of Americans. Our partnership with UGA will provide unprecedented insight into the challenges faced by unprivileged Americans and identify ways in which this growing demographic can be better served by financial institutions.

Elevate CEO Jason Harvison added, “We are proud to support and contribute to university activities that have the potential to make a difference in the lives of middle-class Americans. Our partnership with UGA provides us with a platform to share the substantial knowledge we have gained since launching CNMC in 2017. We are grateful to UGA for embracing this research and look forward to working with them to improve the well -Be economical to consumers. and families.

“CNMC’s vast amount of data and experience with middle-class consumers will provide our students with real-world information from which to ask questions and pursue research that will have a significant impact on the study. personal finance,” said Swarn Chatterjee, department head for Financial Planning, Housing and Consumer Economics at UGA. “We look forward to working closely with our partners at CNMC and Elevate to help shape the future of financial literacy and consumer well-being.”

For more information on CNMC’s mission, ideas and advocacy work, please visit www.newmiddleclass.org.

About Elevation

Elevate (NYSE: ELVT), together with banks that license its marketing and technology services, has created $9.5 billion in credit to more than 2.6 million consumers to date. Its responsible, technology-driven online credit solutions provide immediate relief to customers today and help them build a brighter financial future. The company is committed to rewarding borrowers for good financial behavior with features such as interest rates that can drop over time, free financial education, and free credit monitoring. Elevate’s suite of revolutionary credit products includes RISE, Elastic and Today Card. For more information, please visit http://corporate.elevate.com.

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