Last Updated: 04/18/2025
SuperMoney User Recommendation Score -79
Strongly not recommended29 total votes
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Highlights
Community Rating
Strongly not recommended
APR (Fixed APR)
35% - 200%(Verified 06/21/2024)
Disclaimer popup with additional information
Amount Range
$100 - $5,000
Loan Term (Months)
N/A
Number of Reviews
Fortiva Personal Loans Review
Fortiva Personal Loans is offered by Fortiva Financial, a direct lender founded in 2011 and based in Atlanta, GA. Fortiva personal loan are available in 50 states and Washington, DC.
Key Takeaways
- APRs starting at 35%. Personal loan interest rates typically range between 9% and 36%. The starting rates for Fortiva Personal Loans are on the higher end of the spectrum.
- Fast access to funds. If approved, you can sometimes get your money within 1 business day*.
- Prequalified rate. You can check your prequalified rate at Fortiva Financial with a soft pull that will not affect your FICO or VantageScore.
- Origination fees start at 2%. Origination fees are deducted from the loan amount, so take them into account when deciding how much you need to borrow.
Fortiva personal loan Pros & Cons
| Pros | Cons |
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Fortiva personal loan FAQ
What interest rates and personal loan terms does Fortiva personal loan offer?
Fortiva personal loan has higher than average interest rates for lenders reviewed on SuperMoney.
What interest rates does Fortiva personal loan offer?
Fortiva personal loan offers a fixed APR personal loan product that ranges from 35% APR up to 200% APR.
How much can you borrow via Fortiva personal loan?
Personal loan amounts start at $100 and go up to $5,000
| Personal Loan Amount | $100 - $5000 |
| Loan Term | N/A |
| APR | 35% - 200% |
What fees does Fortiva personal loan charge?
Does Fortiva personal loan charge an origination fee?
Fortiva personal loan may charge a personal loan origination fee starting at 2% of the personal loan amount . Fortiva personal loan deducts the origination fee directly from your personal loan amount, so make sure you take this fee into account when deciding how much you need to borrow.
Does Fortiva personal loan charge a late fee?
Fortiva personal loan does not disclose whether it charges late payment fees.
Does Fortiva personal loan charge prepayment fees?
No, Fortiva personal loan does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.
| Origination Fee | Starting at 2% |
| Prepayment Fee | N/A |
| Late Payment Fee | No |
What do you need to qualify for Fortiva Personal Loans?
Applicants with a credit score of at least 560 and up to 700 may be eligible for Fortiva Personal Loans. Fortiva Personal Loans does not have or does not disclose a minimum annual income eligibility requirement.
| Minimum Age | N/A |
| Bank Account Required? | No |
| Credit Score | 560 - 700 |
What is the estimated funding time for a personal loan via Fortiva personal loan?
Fortiva personal loan will typically fund loans within 1 to 7 business days of approval and clearing necessary verifications.
Does Fortiva Financial perform a hard credit pull?
As is the case with most providers, a hard credit pull will likely occur if you accept an offer after checking your rates. Fortiva personal loan allows you to check your rates with a soft credit pull.
Are Fortiva Personal Loans legit?
Fortiva Financial was founded in 2011, it is a well-established company that has been in business for 15 years. Fortiva Personal Loans is strongly not recommended by SuperMoney community users.
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Message from our editor
What We Love About Fortiva Financial
Fortiva Financial offers financial products such as loans and credit cards to people with subprime credit. Their credit card is an unsecured Mastercard that can be used at places where Mastercard is accepted. Their loans have flexible eligibility requirements to help those with bad credit get approved more frequently.
We love that Fortiva Financial’s products are open to those with bad credit or a difficult financial history. These options allow people to have access to loans and credit cards and build their credit back up over time. The loan approval process is also quick, with most loans being either approved or denied within a week.
What Could Fortiva Financial Do Better?
Because Fortiva Financial’s products are targeted to subprime borrowers, the interest rates are extremely high. For example, depending on your individual credit history and the amount of the loan, interest rates exceed 35%. This means that it can be incredibly expensive for customers to borrow money. It can also be extremely costly if you miss a payment or do not pay on time.
Other customers were dissatisfied with Fortiva’s customer service. Additionally, Fortiva does not allow its customers to apply for a credit limit increase, meaning you are stuck with the limit you are given when you open the card.
Fortiva Financial’s Background
Fortiva Financial is a direct lender founded in 2011 and based in Atlanta, Georgia. The company specializes in offering credit products to U.S. borrowers with “less-than-perfect” credit.
This could mean that the borrower has missed payments, has a high debt-to-income ratio, or has little to no credit history. In any case, each of these factors lowers a person’s credit score and makes it more difficult for them to get a loan. However, Fortiva Financial specifically caters to these customers. They try to provide a variety of loan options regardless of credit.
The Verdict
Whether or not you should open a credit card or borrow money from Fortiva Financial depends on your situation. If you received a pre-approval notice from the company, or if you pre-qualified for a loan on the website, read through the rates and terms thoroughly. Furthermore, it would be wise to figure out the total costs and read reviews from past customers to avoid any surprises down the road.