Transform Credit (Together Loans): Is It Legit? + Alternatives
Last updated 09/29/2026 by
Andrew Latham
Edited by
Andrew Latham
Summary:
Transform Credit now operates as Together Loans. It is a state-licensed Chicago lender that makes cosigner loans of $3,000 to $10,000 at a fixed 35.99% APR with no fees. It is legit, but the money goes to your cosigner’s bank account, and complaint volume is high and rising. Below: how Together Loans works, what it costs, and five loans you can get without a cosigner.
Updated September 2026
Transform Credit rebranded as Together Loans; transformcredit.com now redirects to togetherloans.com, and the company says it is the same team and the same loan. The product is unusual: you apply with a cosigner who has strong credit, the loan is approved on the cosigner’s profile, and the funds are deposited into the cosigner’s bank account, not yours. Every borrower pays the same 35.99% APR, there are no origination or late fees, and on-time payments are reported to all three credit bureaus for both of you. If you don’t have a cosigner, or you don’t want one, the lenders further down approve borrowers on their own credit.
Get Competing Personal Loan Offers In Minutes
Compare rates from multiple vetted lenders. Discover your lowest eligible rate.
It's quick, free and won’t hurt your credit score
Transform Credit (Together Loans) at a glance
| What it is | A state-licensed personal loan company: Transform Credit Inc. (NMLS 1905055) and TL Financial Services LLC (NMLS 2766355), doing business as Together Loans. Some loans are issued by Medallion Bank, Member FDIC. Based in Chicago; lending since 2018 |
| Loan amounts | $3,000 to $10,000 |
| Cost | A fixed 35.99% APR for everyone. Example from the lender: $5,000 over 36 months costs $229.01 a month, $8,244.36 in total |
| Term | 24 to 60 months (24, 36, 48 or 60) |
| Fees | No origination fee, no late fees, no prepayment penalty |
| Cosigner | Required. The cosigner must be 18 or older and, per the lender’s screening question, have a credit score of 750 or more. The loan proceeds are paid to the cosigner’s bank account |
| Credit check and reporting | Hard pull on both applicants; payments reported to Equifax, Experian and TransUnion |
| Funding speed | Same business day if approved by noon Eastern, otherwise the next business day |
| States | About 40, including CA, FL, GA, IL, NC, OH, PA, TX and VA; not NY, NJ, MA, CT, CO, NV or WA |
Is Transform Credit (Together Loans) legit?
Yes. Transform Credit holds state lending licenses (23 are listed on its site, plus registrations in other states), some of its loans are made by an FDIC-insured bank, and it has been accredited by the Better Business Bureau since May 2026. It is not a tribal lender, and 35.99% is the ceiling most states allow for licensed personal loans.
The complaint volume is the thing to know before you apply. The BBB gives the company a B rating and lists 449 complaints closed in the last three years, 117 of them in the last 12 months, alongside a 4.62-star average from more than 1,600 customer reviews. The CFPB’s database holds 372 complaints against Transform Credit Inc., 144 in the last 12 months; the most common issues are improper use of a credit report and incorrect information on a credit report, followed by unexpected fees or interest. Trustpilot shows 4.6 stars from about 9,500 reviews. No enforcement actions by the CFPB, FTC or a state attorney general turned up. Read the cosigner agreement carefully: the cosigner is fully liable, and the money lands in their account.
Pros and cons of Transform Credit loans
5 loans like Transform Credit with no cosigner
If you can’t find a cosigner, these lenders approve borrowers on their own credit. Upstart weighs income and education alongside your score, Upgrade allows joint applications and secured loans, and Avant approves scores around 600. OneMain offers a secured option, and OppLoans serves borrowers with genuinely bad credit at a higher cost.
| Lender | Loan amounts | APR | Term | Origination fee | Best for |
|---|---|---|---|---|---|
| Transform Credit (Together Loans) | $3,000–$10,000 | 35.99% fixed | 24–60 months | None | — |
| Upstart | $1,000–$50,000 | 6.53%–35.99% | 36–60 months | 0%–12% | Thin credit files, no cosigner |
| Upgrade | $1,000–$50,000 | 7.74%–35.99% | 24–84 months | 1.85%–9.99% | Joint applications and secured loans |
| Avant | $2,000–$35,000 | 9.95%–35.99% | 24–60 months | Up to 9.99% | Scores around 600 |
| OneMain Financial | $1,500–$20,000 | 18%–35.99% | 24–60 months | 1%–10% | Secured loans and in-person service |
| OppLoans | $500–$5,000 | 129%–195% | 9–18 months | None | Bad credit with no cosigner |
1. Upstart – Best for a thin credit file with no cosigner
Upstart’s underwriting considers income, education and employment as well as your credit score, so borrowers with a short history can qualify alone. Loans run $1,000 to $50,000 over 36 to 60 months at 6.53% to 35.99% APR, with origination fees of 0% to 12%. Most loans fund the next business day.
2. Upgrade – Best for joint applications and secured loans
Upgrade lends $1,000 to $50,000 over 24 to 84 months at 7.74% to 35.99% APR. Unlike Transform Credit, a joint applicant shares the loan rather than receiving the money, and Upgrade also offers loans secured by a vehicle for borrowers who can’t qualify unsecured. Origination fees run 1.85% to 9.99%.
3. Avant – Best for credit scores around 600
Avant lends $2,000 to $35,000 over 24 to 60 months at 9.95% to 35.99% APR, with an administration fee of up to 9.99%. Most of its borrowers have scores between 600 and 700, and funds usually arrive the next business day.
4. OneMain Financial – Best for a secured loan and in-person service
OneMain lends $1,500 to $20,000 over 24 to 60 months at 18% to 35.99% APR, with origination fees of 1% to 10% depending on the state. Securing the loan with a vehicle can get you approved without a cosigner, and you can close at one of its 1,300-plus branches.
5. OppLoans – Best for bad credit with no cosigner
If your score is too low for the lenders above and you don’t have a cosigner, OppLoans arranges installment loans of $500 to $5,000 over 9 to 18 months at 129% to 195% APR. That is far more expensive than Transform Credit’s 35.99%, so treat it as a last resort, but it reports to the three bureaus and approves on your own income.
SuperMoney may be compensated by some providers listed; this doesn’t change how we evaluate them.
Why Look for Alternatives to Transform Credit Loans?
While Transform Credit works well for some borrowers, it’s not a one-size-fits-all solution. Here are common reasons to seek alternatives:
1. No Co-Signer Available
If you can’t find a co-signer, you’ll need a lender that allows you to qualify independently. Learn more about how to qualify for a personal loan without a co-signer.
2. Looking for Better Interest Rates
Interest rates vary widely among lenders. If your co-signer’s credit isn’t excellent, your rate with Transform Credit might not be the best. See what you need to know about personal loan rates before committing.
3. Need a Larger Loan
Transform Credit loans max out at $10,000. If you need more, check out how to get a $40,000 personal loan.
4. Want an Unsecured Loan Option
Transform Credit loans require a co-signer, but some borrowers may prefer an unsecured personal loan instead.
How to Compare Loans Like Transform Credit Loans
If you’re considering alternatives, here’s what to evaluate:
- Loan Amounts – Make sure the lender offers the amount you need.
- Interest Rates & Fees – Compare APRs and any hidden costs.
- Credit Requirements – Some lenders require a minimum credit score. Learn more about credit scores and what they mean.
- Approval Time – Need money fast? Some lenders provide same-day funding.
- Repayment Terms – Ensure monthly payments fit your budget.
For more insights, check out the pros and cons of personal loans.
Tips for Getting Approved for Transform Credit Loans
If you decide to apply for a Transform Credit loan, follow these tips to improve your chances of approval:
- Find a Strong Co-Signer – A co-signer with excellent credit increases your chances of approval and better loan terms.
- Check Your Credit Report – Ensure there are no errors affecting your credit score.
- Improve Your Debt-to-Income Ratio – Lenders prefer borrowers with manageable debt. Learn more about debt consolidation options.
- Consider Secured Loans – If a co-signer isn’t an option, a secured personal loan could be a good alternative.
- Apply to Multiple Lenders – Shopping around can help you find the best loan for your situation.
FAQs About Transform Credit Loans
Is Transform Credit legit?
Yes. Transform Credit, now Together Loans, is a state-licensed lender (NMLS 1905055) based in Chicago, and some of its loans are made by Medallion Bank. It is BBB-accredited with a B rating, but it has drawn 449 BBB complaints in three years and 372 CFPB complaints, mostly about credit reporting.
Is Transform Credit the same as Together Loans?
Yes. Transform Credit rebranded as Together Loans; transformcredit.com redirects to togetherloans.com, and the company says it is the same team and the same loan.
Can I get a Transform Credit loan without a cosigner?
No. Every Together Loans loan requires a cosigner. Upstart, Upgrade, Avant, OneMain and OppLoans all approve borrowers without one.
What credit score does the cosigner need?
The lender’s application asks whether your cosigner has a credit score of 750 or more, and approval is based on the cosigner’s credit. The cosigner must be 18 or older and have a bank account, because the loan is paid to them.
What is the interest rate at Transform Credit?
A fixed 35.99% APR for every borrower, with no origination fee. A $5,000 loan over 36 months costs $229.01 a month.
Does Transform Credit help build my credit score?
Yes. Payments are reported to Equifax, Experian and TransUnion for both the borrower and the cosigner, so on-time payments help both of you and missed payments hurt both of you.
How long does it take to get approved?
Decisions are quick, and loans approved by noon Eastern are funded the same business day, into the cosigner’s account.
Final Thoughts
Transform Credit, now Together Loans, is a legitimate way to borrow $3,000 to $10,000 with bad credit if someone with strong credit will cosign and is comfortable receiving the money. The flat 35.99% rate and zero fees are transparent, but the complaint record is worth a careful read of the agreement. If you’d rather borrow on your own, start with Upstart or Upgrade.
Key Takeaways
- Transform Credit now operates as Together Loans: cosigner loans of $3,000 to $10,000 at a fixed 35.99% APR with no fees.
- The loan is approved on the cosigner’s credit, and the money is paid to the cosigner’s bank account.
- It is state-licensed and BBB-accredited, but complaint volume is high: 144 CFPB complaints in the last 12 months.
- Upstart, Upgrade and Avant are the closest alternatives with no cosigner required.
Andrew is the Content Director for SuperMoney, a Certified Financial Planner®, and a Certified Personal Finance Counselor. He loves to geek out on financial data and translate it into actionable insights everyone can understand. His work is often cited by major publications and institutions, such as Forbes, U.S. News, Fox Business, SFGate, Realtor, Deloitte, and Business Insider.
Share this post:
Add
as a preferred source on GoogleTable of Contents