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  Upgrade Personal Credit Line

Upgrade Personal Credit Line

in Personal Lines of Credit from Upgrade

Claimed

Upgrade Personal Credit Line

Claimed

in Personal Lines of Credit from Upgrade

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2 users don't recommend
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Highlights
Highlights
Community Rating Mostly recommended
Loan Amount $500 - $50,000
APR (Fixed APR) 6.46% - 35.89%
Number of Reviews 5

Overview

Where does Upgrade Personal Credit Line do business?

Upgrade Personal Credit Line is a marketplace lender based in San Francisco, CA. that was founded in 2016. Upgrade Personal Credit Line is offered in 43 states (and Washington, DC).

What are the APRs offered via Upgrade Personal Credit Line?

Upgrade Personal Credit Line offers personal lines of credit with fixed APRs starting from 6.46% to 35.89%.

Does Upgrade Personal Credit Line charge an origination fee?

No, Upgrade Personal Credit Line 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 Upgrade Personal Credit Line charge a cash advance fee?

No, Upgrade Personal Credit Line 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 Typically, fees range from 0.5% to 10% of the amount withdrawn.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 Upgrade Personal Credit Line charge a late fee?

Yes, Upgrade Personal Credit Line may charge borrowers a late payment fee.

Does Upgrade Personal Credit Line charge prepayment fees?

No, Upgrade Personal Credit Line does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the line of credit off and close the account.

How much can you borrow via Upgrade Personal Credit Line?

Upon approval and based on your credit worthiness, your Upgrade Personal Credit Line personal line of credit will be assigned a credit line of at least $500 and as much as $50,000. .

Upgrade Personal Credit Line Fees
Cash Advance Fee N/A
Origination Fee N/A
Prepayment Fee? No
Late Payment Fee N/A

What do you need to qualify for a line of credit with Upgrade Personal Credit Line?

Applicants with a credit score of at least 620 can apply for a line of credit via Upgrade Personal Credit Line. The minimum age to apply for a line of credit is 18 or the state minimum, whichever is higher.

Upgrade Personal Credit Line only considers borrowers who are employed, or have a regular source of income or benefits

Active duty servicemembers and their covered dependents are not considered covered borrowers. In other words, they are eligible to apply for a line of credit via Upgrade Personal Credit Line. Their rates fall within the limits of The Military Lending Act. Only U.S. citizens and permanent residents can apply for a line of credit.

To qualify, applicants may need to provide the following documentation:

  • Driver's license
  • Applicants must have an active and valid checking account
  • Proof of identity
  • Proof of citizenship or residence permit
  • Proof of income

Does Upgrade Personal Credit Line report your account activity to credit bureaus?

Upgrade Personal Credit Line reports your account activity to the following credit reporting agencies:

  • Transunion

Making regular and on-time payments on a credit card that reports your account activity to credit bureaus will demonstrate that you consistently manage debt well and can help increase your credit scores.

How to apply for Upgrade Personal Credit Line

  • Visit the Upgrade .
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
  • Check the information is accurate and submit your application.
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Contact

  • Headquarters
  •   275 Battery Street
    San Francisco, CA 94104 USA

Message from Upgrade

Two members of our founding team, Renaud Laplanche and Soul Htite, are the co-founders of Lending Club, a pioneer in marketplace lending that facilitated over $28 billion in loans and made credit more affordable for nearly 2 million American families over the last decade. Soul also founded Dianrong, one of the largest marketplace lending platforms in Asia. Our founders have now designed a new credit platform that attempts to create even more value for our customers and be more helpful to more people. Our goal is to help you understand and unlock your credit potential and lower the cost of your credit so you can build the future you want.

Other Services by Upgrade

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 43 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Washington
  • Wisconsin
  • Wyoming

Feature Breakdown

No Origination Fee  
No Prepayment Fee  
Minimum Age 18
Credit Score Range 620 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Bank Account Required  
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Joint Loan Applications Accepted
  • Individual Applications
Verification Documents Required
  • Proof of Identity
  • Proof of Income
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Loan Amount $500 - $50K
APR (Fixed APR) 6.46% - 35.89%

Reviews

 
 

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