Last Updated: 04/18/2025
SuperMoney User Recommendation Score -50
Mostly not recommended6 total votes
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Highlights
Community Rating
Mostly not recommended
Amount Range
$500 - $2,600
APR (Fixed APR)
122% - 349%(Verified 10/31/2024)
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Number of Reviews
Echo Credit Review
Echo Credit is offered through Jora Inc., a direct lender founded in 2017 and based in Addison, TX. Echo Credit are available in 9 states.
Echo Credit FAQ
What APRs does Echo Credit offer?
Echo Credit offers an APR that ranges from 122% APR up to 349% APR.
Does the Echo Credit charge an origination fee?
No, Echo Credit does not charge an origination fee.
An origination fee is what some lenders charge for processing, underwriting, and funding a line of credit. These fees can range from 0.5% to 5% of the line of credit amount. Whenever possible, go with lenders that don’t charge origination fees.
Does the Echo Credit charge a cash advance fee?
No, Echo Credit doesn't charge a cash advance fee. Some lenders charge a cash advance fee every time borrowers withdraw cash from their line of credit. Typically, fees range from 0.5% to 10% of the amount withdrawn.
Does Echo Credit charge a late fee?
No, Echo Credit will not charge you a late fee .How much can you borrow via Echo Credit?
Upon approval and based on your credit worthiness, your Echo Credit personal line of credit will be assigned a credit limit of at least $500 and as much as $2,600. .
| Cash Advance Fee | N/A |
| Origination Fee | No |
| Prepayment Fee? | No |
| Late Payment Fee | No |
| Statement Balance Fee | No |
| Billing Cycle Charge | No |
What do you need to qualify for Echo Credit?
Applicants with a credit score of at least 540 and up to 649 may be eligible for Echo Credit. The minimum age to be eligible is 18 or the state minimum, whichever is higher. Echo Credit does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens are eligible to apply for the services offered by Echo Credit.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid personal checking account
- Proof of income
- Bank account information
- Proof of identity
What is the estimated funding time for a personal line of credit via Echo Credit?
Echo Credit will typically fund personal lines of credit within 10 business day s of approval.Does Echo Credit report your account activity to credit bureaus?
Yes, Echo Credit reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does Jora Inc. perform a hard credit pull?
Yes, Echo Credit performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
How to apply for Echo Credit
- Visit the Echo Credit website.
- Fill in the application form. You will typically need to provide general information such as your name, address, email address, Social Security Number, source of income and employment, and checking account information.
- Check the information is accurate and submit your application.
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