Does Upgrade offer credit-builder loans? This question is about Upgrade

Does Upgrade offer credit-builder loans?

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This question is about Upgrade

Grace Enfield, Content Writer

@grace_enfield • 12/01/21 This answer was first published on 12/01/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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No, Upgrade does not offer credit-builder loans. Alternatives to credit-builder loans from Upgrade include the Upgrade Cash Rewards Visa® and the Upgrade Triple Cash Rewards card, both of which are available to applicants with no credit history and will help you build credit if used responsibly.

If you're set on getting a credit-builder loan, there are some options available from other companies. Most major banks and credit unions do not offer them, however.

Notable Credit-Builder Loan Options

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Is Upgrade legit?

Yes, Upgrade personal loans are legit because Upgrade has an A+ rating from the Better Business Bureau and is BBB-accredited. Plus, Upgrade is registered to do business in the states it services, which is a legal requirement to be a legitimate lender.

Why Upgrade Personal Loans Are Legit

Upgrade is registered as a business in the states it services.
Upgrade has a Better Business Bureau rating of A+.
Upgrade has...

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How do I apply for an Upgrade personal loan?

To apply for an Upgrade personal loan, first check for pre-qualification and then enter your personal and financial information on the online application. Next, verify the accuracy of the information, submit the application and wait to receive a decision.

How to Apply for an Upgrade Personal Loan

Check for pre-qualification. Pre-qualification is a way to check your approval odds and potential rates before applying for an Upgrade personal loan. It doesn't hurt...

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Does Upgrade do a hard inquiry?

Yes, Upgrade will perform a hard pull when you apply for a loan, which may impact your credit score. This credit report inquiry will likely drop your credit score by about 5 to 10 points, but you'll be able to get back on track with a few months of on-time payments.

Upgrade's hard inquiry will stay on your credit report for two years, but it won't affect your credit after one year, and the impact may subside...

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