Grace Enfield, Content Writer
@grace_enfield
No, Upgrade is not a direct lender because they do not handle the full loan process. Upgrade will consider your loan application and decide if you're approved, then the loan will be funded by one of their partners: Cross River Bank or Blue Ridge Bank. You will still make your monthly payments through Upgrade, though.
If you're interested in borrowing from a direct lender, you may want to look into SoFi or Wells Fargo. You can use WalletHub's free pre-qualification tool to see which lenders may approve you and what rates may be available to you.
People also ask
Is LendingPoint legit?
LendingPoint is a legit provider of personal loans that is accredited by the Better Business Bureau, which gives it an A+ rating. Also, LendingPoint personal loans have a rating of 4.2/5 from WalletHub's editors because they offer generous loan amounts and have fairly low APRs.
Why LendingPoint Is Legit
- LendingPoint has a Better Business Bureau rating of A+.
- LendingPoint is registered as a business in the states it services.
- LendingPoint...
How can you get LendingPoint personal loan pre-approval?
You can get LendingPoint personal loan pre-approval through WalletHub's free personal loan pre-approval tool. This will allow you to see your odds of approval for a personal loan with LendingPoint, as well as your potential interest rates, and the process will have no impact on your credit score.
How to Get LendingPoint Personal Loan Pre-approval
- Go to WalletHub's free personal loan pre-approval tool.
- Enter your desired loan amount and select the reason for...
Does a LendingPoint personal loan affect your credit score?
Yes, a LendingPoint personal loan does affect your credit score, both when you get funded and during the entire time that you are paying the loan off. Initially, a LendingPoint personal loan will affect your credit score in a negative way, but the long-term impact can be very positive, assuming you repay the loan on schedule.
How a LendingPoint Personal Loan Affects Your Credit Score
Hard pull: Before you get funded for a LendingPoint...
read full answer by Rick Bormin, Personal Loans ModeratorDid we answer your question?
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