What are RISE's requirements for borrowers? This question is about RISE

RISE’s requirements include being at least 18 years old, having enough income or assets to make the monthly payments and having a Social Security number. You will also need to have a verifiable bank account to qualify for a RISE personal loan. RISE Requirements for Borrowers Credit Score: Not disclosed but known to target bad credit Income: Not disclosed, but subject to min income requirements by state Age: 18+ Citizenship: U.S. citizen or permanent resident Identification: Social Security number Bank Account: Verifiable checking account Residency: Live in one of the 31 states where it operates Before you apply for any personal loan, it’s a good idea to pre-qualify. While meeting all of the requirements gives you a good chance of approval, it’s never guaranteed. To pre-qualify with multiple lenders at once, check out WalletHub’s free pre-qualification tool.

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What are RISE's requirements for borrowers?

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This question is about RISE

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Grace Enfield, Content Writer

@grace_enfield • 04/11/22 This answer was first published on 04/11/22. 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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RISE’s requirements include being at least 18 years old, having enough income or assets to make the monthly payments and having a Social Security number. You will also need to have a verifiable bank account to qualify for a RISE personal loan.

RISE Requirements for Borrowers

Credit Score: Not disclosed but known to target bad credit
Income: Not disclosed, but subject to min income requirements by state
Age: 18+
Citizenship: U.S. citizen or permanent resident
Identification: Social Security number
Bank Account: Verifiable checking account
Residency: Live in one of the 31 states where it operates

Before you apply for any personal loan, it’s a good idea to pre-qualify. While meeting all of the requirements gives you a good chance of approval, it’s never guaranteed. To pre-qualify with multiple lenders at once, check out WalletHub’s free pre-qualification tool.

Answer Question

Does RISE verify income for personal loan applications?

RISE does verify income for personal loan applicants to confirm that people can repay what they borrow, but it does not disclose a minimum income requirement. You also have to meet other RISE requirements to be considered, such as be at least 18 years old and be a US citizen or permanent resident or immigration visa holder. You have a good chance of getting approved if you meet all of these requirements.... read full answer

RISE Personal Loan Requirements

Be at least 18 years old

Be a US citizen or permanent resident or immigration visa holder

Must have a Social Security number

Must live in one of the 31 states where it operates

Must have an active checking account

If you want a better idea of what personal loans you may qualify for with your income, you can use WalletHub’s free pre-qualification tool.

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What credit score do you need for a RISE personal loan?

RISE does not specify a minimum credit score requirement to get a personal loan, unlike many personal loan providers. Although there isn't a specified RISE credit score requirement, RISE will consider people who have bad credit, according to customer service. Most other lenders' credit score requirements for personal loans range between 585 and 700.... read full answer

Keep in mind that RISE will look at more than just your credit score when evaluating your application for a personal loan. RISE will consider your entire financial profile, including things like your income, existing debts and recent credit inquiries, when deciding whether to approve you.

If you're unsure of what your current credit score is, you can check it for free on WalletHub. You can also pre-qualify for a RISE personal loan online to gauge your chances of getting approved with your current credit score.

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How can you get RISE personal loan pre-approval?

You can get RISE personal loan pre-approval through the RISE website. RISE pre-approval allows you to see your odds of approval for a personal loan from RISE, as well as your potential interest rate, and the process will have no impact on your credit score.

How to Get RISE Personal Loan Pre-approval... read full answer

Go to the RISE website.

Click on Get Started.

Enter your name, Social Security number, email, mobile phone number, and direct mail/invitation code (optional).

Click Continue.

Once you receive your RISE pre-approval status, you can choose whether or not to actually submit an application. Getting pre-approved does not mean you're guaranteed to be approved if you apply, but your approval odds will be very high.

If you want to consider more options first, you can try out WalletHub's free personal loan pre-approval tool, which checks for pre-approval with multiple personal loan providers at the same time.

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