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Ken Rees CEO of Elevate Credit Inc. Talks about the Importance of Technology in Financial Services in Sarder TV Interview

Ken Rees has a long career as an executive in the financial services industry, including being Chief Operating Officer of Think Finance Inc., CashWorks, InnoVentry, and is currently the CEO for Elevate Credit. In an exclusive interview with Sarder TV, the independent learning channel, Rees talks to Chitra Nawbatt, Sarder TV correspondent, about his career, the creation of his new company, effective leadership, and the importance of creating a learning culture in keeping a company vital and competitive.

“Ken Rees is a successful executive and entrepreneur and he has a lot to say about his field of financial services, the impact of technology in his industry and the importance of being a learning organization,” said Russell Sarder, CEO of NetCom Learning and creator of Sarder TV.

“We are excited to be able to offer this interview with Ken Rees as part of our learning video database so that others can learn from the experience of a successful entrepreneur and businessman,” said Sarder.

Ken Rees has spent almost his entire career in the financial services sector, much of it serving customers not well served by the traditional credit and banking industry. In the interview for Sarder TV, Rees talks about why it is important to provide financial services that allow individuals with poor credit backgrounds to get the credit they need while obtaining the ability to improve their credit history. According to Rees, his company, Elevate, helps customers gain access to free financial training and when they demonstrate responsible financial behavior they are rewarded with lower interest rates and additional products. Rees credits much of the success of his online company to being technology driven, allowing for the successful use of big data in innovative ways. These technological advances allow Elevate to use additional resources when making a decision to grants loan, other than the traditional use of credit scores. The Sarder TV interview with CEO Ken Rees provides an insiders view of the online consumer financial lending industry and demonstrates the importance of learning, technology and innovation to company success.

Sarder TV offers provoking, educational and candid interviews so that new entrepreneurs and aspiring business people can learn from them. The database is part of the international Learning Movement created by Russell Sarder to help spread knowledge and inspire a passion in lifelong learning. Operating on the premise that motivated individuals can learn from the experience, the success and the mistakes of others, Sarder TV provides a unique opportunity to see and hear influential personalities talk about the subjects that matter to them. Some of the past interviewees have included Ira Neimark, former CEO of Bergdorf Goodman, Susan Davis, CEO of BRAC USA, and Dan Hoffman, President and CEO of M5

Don’t miss this compelling and informative interview with Ken Rees at Sarder TV.

Sarder TV seeking additional leaders for interviews

Sarder TV is also seeking leaders to interview and is targeting leaders from Fortune 500 companies, and exceptional public figures like Bill Clinton, Oprah Winfrey, Jim Collins, Bill Gates, Warren Buffet and many more. According to the National Venture Capital Association, more than 30 percent to $ 600 million this year has been invested in Web-based education. For investors seeking an opportunity to participate in a multimillion dollar idea Sarder TV presents an excellent investment and is actively seeking investors. Several investors have already expressed an interest in this innovative idea. Investors interested in becoming a part of Sarder TV are invited to get in touch as well, contact us at here.

About Sarder TV

Sarder TV is a learning channel that contains a series of exclusive educational interview videos from top leaders in their industries, as well as motivational videos encouraging our public to succeed in their personal and professional lives, and many more. Russell Sarder, CEO of Sarder TV, has interviewed a series of leaders, who have shared their experiences and how they were able to achieve their success. Some of the names that Sarder has interviewed are: Ira Neimark, former CEO of Bergdorf Goodman; Russ Edelman, co-author of Nice Guys Can Get the Corner Office, Dan Hoffman, and David Hershfield, SVP Online Technology at RedCats.


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The Truth About Low Rate Credit Cards

The Truth About Low Rate Credit Cards

Low rate credit cards or as some know them as low APR credit cards can be very great for those individuals that carry a balance forward every month. The problem is that most people that really need or want low rate credit cards are unable to receive one because most credit card companies will only offer low rate credit cards to people with above average or excellent credit. This puts the majority of the population out of the market for low rate credit cards.

These low rate credit cards are out there, you can see them advertised on the television, on the internet and even in your email, but unfortunately, you may not qualify. The average rate for low rate credit cards is around 9 percent and some even go as low as 3.99 percent for certain individuals with an excellent credit rating. If you have credit that is less than appealing, you can always negotiate and possibly receive low rate credit cards if you have been employed with the same company for a certain amount of time, and the credit card company believes your income will stay steady.

However, many companies that offer low rate credit cards also have a pretty hefty annual fee or membership fee, which can be as high as 0. This can cost you more in the long run that owning a credit card with a higher APR from the start. Watch out for those introductory specials as well, just because the low rate looks wonderful, it may only be for 3 months and then the rate can go up drastically to up to 17%. You can always discuss these fees with the credit card company to see if they may waive this fee.

low rate credit cards may only be for an introductory period. You can even find a few with a 0% APR, the problem is once again that after the special there will be an increase. Some introductory specials for low rate credit cards are for 3 months, 6 months, 9 months, 12 months, and in some rare cases 15 months. If you are sure you will be able to pay off your balance before this period is over then it would be a great deal, however, if you will have it paid off you may notice that you will be paying 17% APR on your balance.

Just because, there are low rate credit cards out there does not mean that everything will be cheaper, the balance transfers can be expensive as well at around 3%. So, be sure that you read all the terms and conditions carefully before you even apply for low rate credit cards, or choose your Low APR Credit Card.

Many low rate credit cards offer a variable or a fixed rate of interest. If you choose a fixed rate of credit, this means that the rate will stay the same, however, with a variable interest the rate can fluctuate.

For more on low rate credit cards, Robert Alan recommends that you visit CreditCardAssist.com.

Article from articlesbase.com

All About Credit Cards – What You Must Know !

All About Credit Cards – What You Must Know !

Essential: All About Credit Cards – What You Must Know !

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A Discussion about “Mortgage Interest Rates”

(PRWEB) August 6, 2004

We are a mortgage information dissemination company. In our day to day business we see a lot of misunderstandings related to mortgages. We hope that this article about mortgage interest rates along with the associated resources will help you in understanding it.

Mortgage is a necessity that every prospective home buyer has to come across, at least once within his/her tenure of life. This necessity of the home buyer comes along with plenty of interest rates, which vary according to the suitability of mortgage lenders. While shopping for a home loan, every buyer tries to find out the best mortgage deal with desirable interest rates. This needs a thorough mortgage analysis regarding interest rates, from numerous banks as well as mortgage lenders. Here is an article which will help you a great deal, in solving your queries regarding mortgage interest rates.

Mortgage interest rates are the interest rates charged up by lenders from borrowers, in a mortgage transaction. There is a choice of interest rates and the rates are very similar from one lender to the next, perhaps identical. The process of interest rate calculation is subjected upon the competitive mortgage market, which determines the initial interest rate of the loan Different rates have different costs. Higher rates don’t cost as much as lower rates. This is because the lender is going to earn more interest over the life of the loan, so it makes sense to charge less. Alternatively, the lender charges more for a lower interest rate, because the lender will earn less interest over the long term.

While going up for the mortgage deal, a borrower should also know the various interest rate terms. Various terminologies related to mortgage interest rates are:

Initial Interest rate- This refers to the original, starting interest rate of a mortgage at the time of closing. This rate changes for an adjustable rate mortgage (ARM). It is also known as a teaser rate or start rate.

Prime Rate- Prime rate is the lowest interest rate that banks charge for short-term loans, to their best, prime or creditworthy commercial customers. Each bank quotes a prime-lending rate. (http://www.mortgagefit.com/prime-rate.html)

Face Interest Rate- Face interest rate is the percentage interest rate that is shown on the loan document.

Interest rate ceiling- It is the absolute maximum interest rate that a lender can charge for an adjustable rate mortgage (ARM), as specified in the mortgage loan agreement. This is regulated by the government.

Interest Rate Swap- Interest rate swap is a transaction between two parties in which each party agrees to exchange payments, tied to different interest rates for a specified period of time.

Interest Rate Buy-Down- Interest rate buy-down plan is an arrangement where the property seller, borrower or other party deposits money to an account. It can be released each month to reduce the borrowerÂ’s interest rate or monthly payments during the early years of a mortgage.

Fixed interest rate- Fixed interest rate is an interest rate, which is fixed and does not change during the term of the loan.(http://www.mortgagefit.com/fixed-rates.html)

Interest rate differential- Interest rate differential is a type of compensation, which is charged by the lender if the borrower pays off his mortgage principal prior to the maturity date. (http://www.mortgagefit.com/interest-rate.html)

Rate lock- Rate lock is a commitment by a lender to the borrower, promising a specified interest rate on a loan, provided the loan is closed within the specified period of time. (http://www.mortgagefit.com/rate-lock.html)

Because interest rates change very frequently, the longer a lender locks in a rate, the more risk that they have the market will move against them.

If you have any other queries related to mortgage, feel free to visit this site. http://www.mortgagefit.com