Upstart Review

#9 in Debt Consolidation Loans

Upstart is a financial service that offers a unique approach to loans. Its loan approval process takes a more complete assessment of your financial health rather than focusing on your credit score. Upstart provides 3-year and 5-year fixed interest loans with loan amount from $1,000 to $50,000. With more factors to consider, Upstart is able to paint a more accurate financial picture and lower interest rates. It then matches you to lenders who can lend you more money for less. Upstart lets borrowers check rates in as little as a few minutes and let them get the money the next business day. All of this without affecting your credit score.

Company Profile

BBB Rating

A-

TrustPilot

9.7

CreditKarma

4.9

Participating States

Continental US, Alaska and Hawaii

Loan Matching Service

Direct Lenders

AFCC

IAPDA

FDIC Insure Trust Account

FTC Compliant

Loan Basics

Minimum Loan Amount

$1,000

Maximum Loan Amount

$50,000

Loan Terms

3 to 5 Years

APR

4.89%-29.99%

Interest Rate

Not Stated

Origination Fee

1%-6%

Late Payment Fee

$15 or 5% greater of the unpaid installment amount

Additional Fees

Upfront Fees

None

Consultation Fees

None

Fees and Charges

N/A

Prepayment Penalty

None

Qualifying

Proof of Income

Credit History

Financial Stability

Equity

Minimum Credit Score

620

Application

Online Application

Response Time

Within 24 hours

Direct Deposit

18+ Years of Age

US Citizen or Permanent Resident

Social Security Number

Home Address

Email Address

Checking Account

Customer Support

Email

Phone

Loan Consultants

Summary

Upstart is a great place to search for loans that can be used to consolidate debt. By considering several factors including your education, job history and area of study, Upstart is able to create a more accurate picture of your financial health hence enabling the company to lower your risk profile and interest rates. A good choice for borrowers with good financial profiles searching for a quick way to consolidate multiple loans.

Start your review for Upstart