LendingPoint is an online lender that exclusively offers personal loans ranging from $1,000 - $36,500 with APRs of 7.99% - 35.99%. LendingPoint loans are good for people with a credit score of 660 or higher who need fast funding. Here are some essential things to know about LendingPoint:
Pros:
Quick funding time: As soon as the next business day
Compare Personal Loan Rates from WalletHub Partners
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LendingPoint Reviews
The WalletHub rating is comprised of reviews from both WalletHub users and ratings on other reputable websites. The rating was last updated on 07/08/2025.
LendingPoint personal loans are available to people with excellent credit, bad credit, and everything in between. However, they are much more beneficial for applicants toward the bad-credit side of the spectrum. LendingPoint’s minimum credit score requirement is 620, which is one of the lowest among major lenders that offer unsecured personal loans.
The higher your credit score, the less beneficial getting a personal loan from LendingPoint becomes, relative to other lenders. LendingPoint’s APRs range from 7.99% - 35.99%. People with excellent credit can get rates as low as 6% from other major lenders, so LendingPoint’s starting rates are extremely high in comparison. However, the maximum of 35.99%, which people with bad credit are much more likely to get, is right in line with what other lenders charge.
LendingPoint is an online lender and a WalletHub partner. If you’re interested in applying for a personal loan from LendingPoint, you can check for pre-qualification on LendingPoint’s website. You can also use WalletHub’s free pre-qualification tool to check which other lenders have a high chance of approving you, too.
LendingPoint Review Highlights:
LendingPoint APRs:7.99% - 35.99%
Origination fee:0% - 10% (varies by state) of the loan amount
Late fee:Up to $35 (varies by state) late fee, but only if you are 15 days late on paying
Loan sizes: $1,000 - $36,500
Repayment periods:24 - 72 months
Credit score requirement:620
Minimum income requirement: $35,000
Other LendingPoint requirements: Have a Social Security number and be at least 18 years old. Be either a U.S. citizen or permanent resident and have an open U.S. bank account.
Funding timeline: As soon as the next business day
Joint applications: Not allowed
While LendingPoint is great for people with bad credit, its high starting rates make it not the best choice for people with higher credit scores. Below, you can see how WalletHub rates LendingPoint in our three major categories: Terms, Requirements & Application, and Reviews & Transparency.
LendingPoint Ratings by Category:
Category
Editor’s Rating
Terms
3.3/5
Requirements & Application
3.8/5
Reviews & Transparency
4.3/5
Overall Score
11.4/15
These scores reflect how close a loan offer is to WalletHub’s definition of a 5-star loan. For more information, please read WalletHub’s full methodology.
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LendingPoint
shellym330 @shellym330
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1 Star Rating
This company is a scam. I had a payment agreement with Lending Point where every payment sent was confirmed towards the agreement. I paid off the total agreement as per the signed agreement and received confirmation on the last payment. One month and one day later, I received a call from collections saying my payment is one day past due. Despite several attempts to speak with a supervisor or someone in the corporate office to rectify this, there has been no response. This company is getting reported to the BBB.
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Product: LendingPoint Personal Loans
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LendingPoint
paul grauber @paulgrauber
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1 Star Rating
This company engages in predatory lending. Definitely steer clear of this company. I needed a hardship for my three-year loan; the payment decreased by $120 a month, however, the loan term length was extended by several years. This is predatory lending!
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Product: LendingPoint Personal Loans
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LendingPoint
Jerilyn Breitkreutz @jerilynb53
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3 Star Rating
I have a loan at Lending Point and am never getting another one there! The interest is way too high! I make my monthly payments automatically, on time, and the balance has hardly gone down.
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LendingPoint
Lee Pierce @leep_25
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3 Star Rating
Verified Customer
They don't update as frequently as other loan suppliers do. I've paid my bill on time every month, and it hasn't updated on my credit score for the past eight months.
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Product: LendingPoint Personal Loans
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LendingPoint
ian_anthony_doherty @ian_anthony_doherty
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1 Star Rating
These people are scam artists and predatory. I have been lied to several times on the phone and cannot even get the correct loan payoff amount.
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Product: LendingPoint Personal Loans
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LendingPoint
Tobi Ogedegbe @togedz
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1 Star Rating
AVOID THIS COMPANY. I paid off my $10K loan early and called their staff to ensure my account was closed properly. A week after the payment was posted, they deducted an additional $700 from my account, causing my account to go into overdraft. I called and provided confirmation of the account payoff, and they told me I would be refunded in 24 hours. Seventy-two hours have gone by; they have not responded to my emails or calls, and I have had to escalate this issue with my bank.
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Product: LendingPoint Personal Loans
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LendingPoint
heatherw_75 @heatherw_75
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5 Star Rating
Verified Customer
During Covid I was able to afford necessary dental work totaling $7,000 with lending points differed interest program. Towards the last 1000 left to pay I was experiencing some issues with funds due to an emergency. I called lending point. I had a great customer experience with Jim. I called inquiring into hardship programs or options. Usually it seems employees will give you the ‘run around’. Jim was genuinely caring. He helped me with all that I needed. The companies I stick with are the employees that make it worth it. Thanks Jim!
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Product: LendingPoint Personal Loans
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LendingPoint
Melissa CB @melissacb
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1 Star Rating
THIS COMPANY GETS A NEGATIVE 5 STAR RATING! This company went into my bank account and filed claims against bills I had previously paid. Once the bank reversed the charges, making it look like they deposited money into my account, they had me send the money back to them as a verification process! I WAS SO STUPID AND DESPARATE!! Now the vendors I paid are calling stating that I owe them the money that this company stole! No one will answer the phone or call me back, however, throughout their entire VERIFICATION PROCESS, the representative called me every 5 minutes! WHAT A SCAM! THESE PEOPLE ARE PREDATORY LENDERS TO THE 10TH DEGREE!! I WAS ALREADY STRUGGLING! THEY STOLE MY MONEY AND NOW I AM FURTHER BEHIND THAN I EVER WAS!! STAY AWAY FROM THESE PEOPLE!! HAVE NO IDEA WHAT I WILL DO NOW!! THANKS ALOT! I HOPE YOU ALL ROT TO THE CORE!! GOD WILL KEEP ME BUT YOU WILL SUFFER YOUR OWN TWISTED FATE!
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Product: LendingPoint Personal Loans
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LendingPoint
Nicholas R @nicholasr_97
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1 Star Rating
Verified Customer
Hasn't reported to my credit since June. It's now mid November. I paid it off beginning of September. I called mid October to report the issue.
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Product: LendingPoint Personal Loans
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LendingPoint
alba nicole @sunnyvon01
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1 Star Rating
If I could give less than a 1 star review I would. My account was accruing high interest more than once a day, when I called to give the money back, I told them I wanted to pay the full balance, they give me the exact amount that the app shows, I confirmed it with two different agents because I had called twice, the day after my account still had a balance, and the agent was telling me it was part of the principal and not an interest so they couldn’t wave it, I told them that I had the amount confirmed by two agents and the app and they said all I could do was open up a case, and while that case was open and being investigated, the balance was still going to be accruing interest. A total scam, I would never recommend them to anyone.
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Product: LendingPoint Personal Loans
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LendingPoint
Kacie @kacielu01
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1 Star Rating
Verified Customer
Not helpful at all. Much rather upstart. The interest rates are very high and they are not willing to work with you to get them lower over time.
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Product: LendingPoint Personal Loans
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LendingPoint
achufusim @achufusim
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1 Star Rating
They took my card information, account number, and routing number instead to them to put in money, they took everything I had in my account. I am a victim here and I would advise you to stay away from them
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Product: LendingPoint Personal Loans
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LendingPoint
Michael Brown @mikkesous41
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1 Star Rating
Lending point and finwise bank are predatory lenders that use customers to exploit high intrest rates and origination fee's there customer service and Management team are difficult to work with and are also affiliated with Costal community bank These banks hide behind Lending Point to avoid the customers awareness to who actually is ripping them off .
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Product: LendingPoint Personal Loans
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LendingPoint
Willie @whb_1
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5 Star Rating
Verified Customer
Thank you Tammie for all of your 5 star help today. I really appreciate how professional, courteous, knowledgeable and patient you were. It was a pleasant experience resolving my issue and coming up with a great solution.
Thanks again
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Product: LendingPoint Personal Loans
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LendingPoint Q&A(49 questions)
Get answers to your questions about LendingPoint below. Editorial and user-generated content is not provided, reviewed or endorsed by any company. Please keep in mind that it is not a financial institution’s responsibility to ensure all posts and questions are answered.
It is fairly easy to get a loan from LendingPoint because you'll need a credit score of just 620+ to qualify and the application process is simple and quick. Other requirements to get a loan from LendingPoint include being at least 18 years old, having a bank account and having enough income to afford the loan.
Requirements to Get a Loan from LendingPoint
Minimum credit score: 620+
Minimum income: $20,000+ annually
Age: 18+
Citizenship: U.S. citizen or permanent resident
Residency: All states except Nevada and West Virginia
Identification: SSN and government issued ID
You should have a good chance of approval if you meet all the requirements, but it is never guaranteed. The exact APR that you receive will depend on factors like your credit score, debt and income, too.
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's requirements include being at least 18 years old, having enough income or assets to make the monthly payments and having a credit score of at least 620. You will also need to have a verifiable bank account to qualify for a LendingPoint personal loan.
It is not hard to get approved for a personal loan from LendingPoint if you have a credit score of 620 or higher, enough income to afford the loan, and a valid bank account. Also, you will have to be at least 18 years old, be a U.S. citizen or a permanent resident, and have an SSN.
Your LendingPoint approval odds are good if you have a low debt-to-income ratio and meet LendingPoint's requirements to get a loan. Some requirements include being at least 18 years old, having enough income to make monthly payments and having a credit score of 620. If you meet all the requirements, your approval odds are high, but approval is never guaranteed.
No, LendingPoint does not approve everyone. To qualify for a LendingPoint personal loan, you need to be at least 18 years old, have a credit score of 600 and have enough income to make the monthly payments, among other requirements. Even if you meet all the requirements, you still may not get approved.
You need a minimum credit score of 620 to get a personal loan from LendingPoint, according to the company. That means you can get a personal loan from LendingPoint with bad credit. Generally, a higher credit score will give you better approval odds for a LendingPoint loan and will also likely get you better loan terms.
LendingPoint is a direct lender, which means they handle the entire loan process, from application to funding and beyond, instead of simply matching you with another lender. Direct lenders are the only ones that handle your information, so it's more secure, and they make the loan process faster by removing middlemen.
In the end, your loan comes directly from LendingPoint, not through a partnering bank or credit union. Getting a loan from a direct...
LendingPoint offers personal loans that can be used to finance dental work. LendingPoint's personal loans offer loan amounts of $1,000 - $36,500, repayment periods of 24 - 72 months, an APR range of 7.99% - 35.99% and an origination fee of 0% - 10% (varies by state).
However, if you're looking specifically for a lender that offers dental loans, you should look into SoFi, LightStream and Peerform. To see the top-ranked offers, visit the dental loans page on WalletHub. You can also use WalletHub's free pre-qualification tool to...
It takes 1 to 2 business days to get money from a LendingPoint personal loan, in most cases. That includes both the time it takes to get approved and the time it takes for the funds to be delivered after approval. Keep in mind that this is a typical applicant's experience, and in some cases it could take longer.
How to Get Money From LendingPoint as Fast as Possible
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