Features

LendUp is an online payday lender based in San Francisco, California. It markets itself as a socially responsible lender and an alternative to payday loans but its prime rates and terms are only available to repeat customers in specific states and its standard rates and terms are the same as regular payday lenders.

How Does LendUp Work?

LendUp has an online-only application that can process your application in minutes. If you are approved, you can get money in your account by the next business day. Note that loans must be submitted by 5 p.m. PT Monday-Friday (excluding holidays) to receive funds the next business day. Your exact funding time may vary based on your bank’s requirements. Customers who demonstrate financial responsibility by paying loans on time and taking financial education courses receive points that can qualify them for preferential rates and terms in eligible states.

What Are LendUp's Interest Rates?

Interest rates on your first loan vary depending on how much you borrow and whether it is a 7-day or 30-day term. Repeat customers who have made regular on-time payments on their past loans can qualify for lower rates as they progress through a tier system in eligible states. Rates depend on the amount, the length of the loan and the state of residence. They range from 90% to 1200% APR. 

How Much Money Can I Borrow?

The maximum loan for first-time borrowers is $250.

Which States Does LendUp Operate In?

LendUp currently operates in Alabama, California, Florida, Hawaii, Idaho, Illinois, Indiana, Kansas, Louisiana, Maine, Minnesota, Mississippi, Missouri, New Mexico, Ohio, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Utah, Washington, Wisconsin, Wyoming.

What Is the LendUp Application Process Like?

The application process can be as fast as 5 minutes. You can get cash the next business day if approved. Loans must be submitted by 5 p.m. PT Monday-Friday (excluding holidays) to receive funds the next business day. Exact funding time may vary based on your bank’s requirements.

How Is LendUp Better Than Other Lenders?

LendUp provides borrowers who regularly borrow from payday lenders the opportunity (where available) of gradually improving their rates and terms. This type of loan can be reported to credit bureaus. As you climb "the Lendup Ladder" by paying off your loan and taking out new ones, you earn access to more money at better rates for longer periods of time. At Platinum and Prime levels (in eligible states), you have the opportunity to report payments to credit bureaus, which could increase your credit score.

However, this won't help an occasional or first-time borrower who is stuck with payday-like high-interest rates and small loan amounts. Another real advantage for LendUp customers is that it doesn't have loan rollovers, which protects customers from falling into a cycle of debt.

 

  • Loan Amount
    $100 - $250
  • APR
    86.9% - 1228.49%
  • Credit Score Range
    450 - 650
  • Funding Time
    Same day
  • Loan Fee
    $13 - $43
  • Direct Deposit
  • Instant Decision
  • Online Application
SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Reviews

Write a Review

Sort by:

  • Rating
  • Date
  • Most Useful

0 votes

I have received loans from this company for about 6 months i am very satisfied nice place to lend from and reasonable timetable for payday loan.


0 votes

Here is how lendup rips off people They have a so called lendup up ladder,,you start at bottom at high interest,,as you go up the ladder,,,to top you reach so called prime rates And you supposedly have the ability to get installment loans,, You will never get the prime interest loan,,they have every excuse not to loan you But you can allways get the high interest 250 loan So ladder is fake,,and there's there ripoff


0 votes

My installment loan was repaid early. However, the check sent was $300 over what was actually owed. So far, I've gotten nowhere with them when asking for a refund of the overpayment. When you email their help desk, you get an ambiguous canned response back. I've called twice to be told my refund would take 60 days once they've confirmed my address. When I asked how they would confirm my address, they said they'd email me. No email has ever been received. The ... loan was paid on Oct 26th with an email confirmation from them. No refund of the overpayment and it's now Dec 7th. My guess is that because they were just ordered to pay back customers millions in a lawsuit filed against them, I'm not getting my money. My next step is to file a complaint with the Consumer Financial Protection Bureau or any other outlet I can. They may be great at sending money, but they're horrible at refunding it. More Less


0 votes

I love it low fee customer service are very friendly and the send you email to let you know when you loan due


0 votes

I recently climbed the ladder to the max possible. I received an email saying that if I paid my loan off early I would be able to get an extra 50.00 added to my next loan. So of course I paid off the loan early. The next email I received from them said, Thank you for your payment! You qualify to take another payment out with one click and no verifying. So of course I went to take it out due to some unforeseeable circumstances. Next ... thing you know they want to verify my income, I am self employed which they have known for a year already and i send my 1040 tax information in to them for the loan. They deny me! I called customer service which the lady tells me the laws of my state changed last month and they can only accept a 1099 or W2. I ask what state code was enacted for this new law? Of course I informed her I used to be a paralegal and can reference the law. She said she would email it to me. I waited a couple hours because she said I would have in my email right after we hung up. So I call back just to get an automated recording saying they were not accepting calls during the hours I called. My son thinking it was odd called off his phone and was able to get through for a call back. They love to stop your loan whenever they want or if they have to pay you back with a refund for paying your loan off early. BEWARE More Less

0 votes

Great payday alternative. Everything is super simple: registration, getting and repaying loan, contacting customer support. If you want your activity to be reported to the credit agencies, then read their FAQ first. Right now this option is available only for these states: CA, KS, LA, MN, MO, NM, OK, OR, TN, TX and WY.


0 votes

I hope people notice the recent negative reviews all seem to be strangely from the same person...

My review was only better than middle of the road because of the multiple fake bad ones. I haven't been able to utilize the site yet, but I can say the application is easy and quick, and they seem to help a lot of real people. I have gotten an unexplained error message at the end of my attempts to apply, but I hope to fix it soon.

0 votes

It's a great help if needed I have gotten 2 loans from them no problems better then payday but still little high


0 votes

I disagree with all of the negative reviews. LendUp has been nothing but a joy to borrow money from. Yes, it takes a few loans to get the ladder going. Yes, their interest rates are stupid high. Everyone wants to rebuild or build up their credit. If you have the capacity to be financial responsible with your loans - then Lendup will loan you the money and it will build your credit. But most people use payday loans is because they have bad credit. ... How do you get bad credit? From being a bad borrower. If you expect LendUp to change your horrible financial habits, they can't do that. Only you can are responsible for your financial habits. I have gotten about 40 loans. In aggregate, I have borrowed $11,000 dollars, paying a total interest of $913.84. I no longer have to rely on Lendup because from using them, I have learned how to be a good borrower and my credit has improved that if I were to need a loan, I would easily qualify for a loan from a bank. And most importantly, there are no hidden fees and they try as best as they can to not get you stuck in a cycle of never ending loans. Pro tip - if you are going to pay late or pay short and on time - call them. This goes with any loan or debt. Just give them a call, they hear it all the time and they will help you meet your obligations or offer solutions because that will improve their chances of getting their money back. The worst thing you can do is not communicate. More Less


0 votes

i have been dealing with LEND UP for almost 2 years started with a 500 limit always paid my loans back at least a week early i am now at the prime level where i can get reasonable rate on loans pay these people and they will help you i now have a 1300 limit plus L card


0 votes

All lies everything from building your credit to interest will drop after climbing there ladder.What a joke lend up will give you 200$ loans at 30$+ interest and it will take you 10 loans or more to get this reported anywhere on your credit report if they report it.Try getting to talk to someone impossible.Email only! Also for Illinois customers they will check to see if you have outstanding loans and stop you from taking anymore loans with them.Even if they have givin you a few loans they will stop ... you anytime they want but they wont go back and gove you the interest they took from you.So there is no getting anything as they say climbing the ladder thats just a way for them to get hundreds of dollars from up.They aren't dependable at all they will stop your loans instantly and you wont be able to contact them.They are liars and credit karma is worse for representing them on there web site!They are taking advantage of low income people trying to rebuild your credit.Best advice stay away from this company all there words and promises are lies and gimmicks!! More Less


1 votes

Lend up is not a predictable loan.What i mean is every time you need them they make new rules or different requests.They make it hard to get a loan.If you pay your loan off early they give you shorter period to pay back your next lian?Also don't try to reach them ,it's not gonna happen!They never return calls and there texts are never an answer to your question.So if your looking for a loan don't depend on lend up you will be disappointed.......


1 votes

210.47% to over 700% !!! You would need to be terribly desperate, this is not illegal ? It should be... And they are supposed to be the "good guy's" UNBELIEVABLE !


1 votes

I applied for a loan; however, I put a PO box down, which they do not accept. So it was denied because my "address could not be verified." So, I called to see how I could change my contact information. They said, "we are unable to change contact information." What?

1 votes

I've had a great experience so far! This is not loan company designed for consumers with a good FICO score. There are negative reviews about high rates and fees. We have poor credit therefore we pay the price for the credit mistakes we've made. What sets LendUp apart from the rest of the scam payday loans is the opportunity to work toward a better score. I've made Gold status on the LenUp ladder and I pay a small fee w/ lower interest. My fees/rates have been cut in half from ... what's charged at Silver level. Amazing what they are doing for people like myself. I will stay loyal to LendUp. Easy process, educational tools, and excellent customer service. More Less


1 votes

Credit Score dropped 25 points. What a load of S***. I've invested a lot of money in order to climb the ladder. Only to be bamboozled. LendUp was suppose to be a utility for credit building. Instead it caused more harm then good


0 votes

My cell phone bill was disconnected and I wasn't able to pay the bill since it was around the same time as my rent being due. I tried LendUp for the first time to help pay for the cell phone bill, and I was pleasantly surprised by how great of a company they are. The $250 that I was approved for went directly into my account the following day, and they took the money back out on the morning of the due date. They gave me a bunch of reminders ... (including texts and emails) throughout the month reminding me to have that money in my account on the due date. Thank you, LendUp. Sometimes people need a bit of financial help when going through hard times. More Less


1 votes

Li reke a lot of people who have tried payday loans and they trapped you well (NOT) this company they help you and NO MIDDLE man low interest that is what I like it's fast and easy I would not be wasting my time Writing a review if this company we're not true to what they offer


1 votes

I was denied from a lot of other loan places and I just so happen to stumble across lend up online and got approved money came the same day quick no hassle of anything I paid it off and took out another one and it has been a delightful experience from them.hopefully I can take out another one to help build my credit


0 votes

I applied but it didn't approve me because it can not verify residency. There is no option to verify all of my information or to correct anything that I entered incorrectly, it simply says it couldn't verify and that's it. Would love to know how to fix that.


1 votes

I recommend Lendup to anyone whose needs quick cash!! Money was deposited the next day! I would definitely use them again!! It's quick and easy! It took about 3 minute for the process!!


0 votes

Way too high of interest and say they report to credit agency's but 60 later still not there. They blame the Agency's but my truck payment shows after a week.


0 votes

Was approved for two loans and paid them off, just trying to re-build my credit. Now there is some kind of waiting period or something and although I am 'approved' for another loan, they will not let me take one out because of this waiting period. Their customer service is useless, and not helpful at all as far as letting me know how long this waiting period is. I am ok not using them any more. I guess they don't want my business.


1 votes

I could not believe how easy it was to secure a small pay-day loan right away. I even stopped in the process to check more reviews because I was afraid it was too good to be true. I just received the loan deposit, at the time they said I would. So far, so good. As long as the repayment process is as smooth, I will definitely continue using LendUp for all my instant cash needs.

I also really appreciate the point system they use for positive credit reporting and how ... they offer financial education courses as a way of earning more points. More Less


0 votes

It's for a car the family leaving the state with his family and he want to sell me his car I really like that car and I told him I would tried to get a loan


0 votes

Great Company! Fast approval. Loan amounts vary and increase the longer you stay with them. Interest is very reasonable. I'd recommend to my own mother!


New Review for LendUp

Rate your experience:

Cancel