Debt Consolidation
Upstart
3.7
About Upstart
Upstart is a lending platform that partners with banks and credit unions and provides consumer loans using non-traditional variables like education and employment, to predict creditworthiness.
Loan options are available for borrowers with lower credit scores or minimal credit history. They also offer direct creditor payments for debt consolidation loans.
Overview
- Loan Amount
- $1,000 to $50,000
- Interest Rate
- 5.39-35.99%
- Loan terms
- 36 or 60 months
- Years in Business
- Since 2012
- BBB Rating
- A+
Editorial Rating
3.7
Good
Good
“Upstart offers fast loan options for borrowers with lower credit scores but does not having a mobile app”
Benefits and Features
No minimum credit score
Soft credit check to pre-qualify
Get funding in one day
Soft credit check to pre-qualify
Get funding in one day
Payment date flexibility
Available in all 50 states
Online application and approval
Available in all 50 states
Online application and approval
Pros
- Options for borrowers with new credit history
- Able to fund loans one business day after the borrower accepts a loan offer
- Offers direct payment to creditors for consolidation loans
- Allows borrowers to choose and change payment dates
Cons
- No mobile app
- Origination fee may change
- Only two repayment term options
- No rate discount for autopayments
