
Best Of Product
risecredit.com
Would you recommend risecredit.com to your friends?
Community Rating | Mostly recommended |
APR (Fixed APR) |
59.9% - 299% (Verified 09/26/2022)
|
Loan Amount | $1,000 - $5,000 |
Loan Term (Months) | 4 - 36 months |
Number of Reviews | 84 |
risecredit.com Review
risecredit.com is offered by Elevate Credit, a direct lender founded in 2014 and based in Ft. Worth, TX. risecredit.com are available in 25 states across the USA.
Key Takeaways
- APRs starting at 59.9%. Personal loan interest rates typically range between 5% and 36%. The starting rates for risecredit.com 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 Elevate Credit with a soft pull that will not affect your credit score.
- No origination fee. risecredit.com does not charge a loan origination fee.
- No late fees. Missing a payment can seriously damage your credit, but risecredit.com will not charge additional fees if you miss the due date on a payment.
- Short loan terms. risecredit.com have loan terms as short as 4 months.
- Minimum income of $18,000. You will need an annual income of at least $18,000 to apply for risecredit.com, which is below average for the lenders in our database
risecredit.com Pros & Cons
Pros | Cons |
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risecredit.com FAQ
What interest rates and personal loan terms does risecredit.com offer?
risecredit.com has higher than average interest rates for lenders reviewed on SuperMoney.
What interest rates does risecredit.com offer?
risecredit.com offers a fixed APR personal loan product that ranges from 59.9% APR up to 299% APR.
How much can you borrow via risecredit.com?
Personal loan amounts start at $1,000 and go up to $5,000.
What is the maximum loan term you can get with risecredit.com?
risecredit.com offers loans with terms of up to 36 months.
Personal Loan Amount | $1000 - $5000 |
Loan Term | 4 - 36 months |
APR | 59.9% - 299% |
What fees does risecredit.com charge?
Does risecredit.com charge an origination fee?
risecredit.com does not charge a personal loan origination fee.
A personal loan origination fee is what some lenders charge for processing, underwriting, and funding a personal loan. Typically origination fees range from 0.5% to 5% of the personal loan amount. Whenever possible, go with lenders that don’t charge origination fees.
Does risecredit.com charge a late fee?
No, risecredit.com will not charge you a late fee if you miss one of the monthly payments.
Does risecredit.com charge prepayment fees?
No, risecredit.com 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 | No |
Prepayment Fee | No |
Late Payment Fee | No |
What do you need to qualify for risecredit.com?
Applicants with a credit score of at least 450 and up to 700 may be eligible for risecredit.com. The minimum age to be eligible is 18 or the state minimum, whichever is higher.To qualify for personal loans with risecredit.com, applicants need a minimum annual income of $18,000 or higher. risecredit.com only considers borrowers who are employed and meet the minimum income requirement.
The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. APRs for the risecredit.com product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by risecredit.com.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid personal checking account
- Proof of citizenship or residence permit
Minimum Age | 18 |
Bank Account Required? | Yes |
Application Types Accepted |
|
Credit Score | 450 - 700 |
What is the estimated funding time for a personal loan via risecredit.com?
risecredit.com will typically approve (or deny) a loan application within 24 hours and fund loans within 3 business days of approval.
Does risecredit.com report your account activity to credit bureaus?
Yes, risecredit.com reports your account activity to the following credit reporting agencies:
- Experian
- Transunion
- Clarity Services
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.
Are risecredit.com legit?
Elevate Credit was founded in 2014, it is a well-established company that has been in business for 9 years. Based on their "mostly recommended" SuperMoney community rating, they seem to be a reputable company.
Message From risecredit.com
Message From Our Editor
Contact
- Headquarters
-
4150 International Plaza
Suite 300
Ft. Worth, TX 76109 USA - (866) 580-1226
- Visit Site
- Email Support
Other Services by Elevate Credit
Availability
- Alaska
- Arizona
- Delaware
- Florida
- Idaho
- Indiana
- Kansas
- Kentucky
- Louisiana
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Mexico
- Ohio
- Oregon
- South Carolina
- Tennessee
- Texas
- Utah
- Wisconsin
- Wyoming
Feature Breakdown
No Late Fees | |
No Origination Fee | |
No Prepayment Fee |
risecredit.com Community Reviews
Would you recommend risecredit.com to your friends?
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