SoFi Personal Loans Review: 2019

SoFi SoFi is an online lender that focuses on providing borrowers with low-cost loans. The underwriting process evaluates the projected cash flows, careers, and education levels of borrowers to offer competitive interest rates.  SoFi Personal Loan Facts APR: 5.99% to 17.665%Loan Amount: $5,000 to $100,000Loan Term: 24 to 60 monthsMinimum Credit Score: 680Co-Signer: Available Fees: NoneTime to Funding: One business dayHard Credit Check: YesBBB Rating: A-Trustpilot Rating: 4.5 stars Pros & Cons…

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Prosper Personal Loans Review: 2019

Prosper is an online loan company that specializes in peer-to-peer lending. The company connects borrowers to investors. One of the company's main goals is to help people “invest in each other in a way that is both financially and socially rewarding.”  The company offers several different types of loans with fixed interest rates. Typically, Prosper funds borrowers with good to excellent credit ratings. Borrowers considered to be “high risk” can be approved,…

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Payoff Personal Loans Review: 2019

Specifically focused on helping individuals eliminate or dramatically reduce their credit card debt, Payoff offers personal debt consolidation loans.  Payoff's personal loans are designed to help customers gain control over their finances before mounting debt greatly impacts their credit scores. Not everyone can qualify for these loans, but Payoff supports those who are approved to overcome their debt in a conscientious, long-term manner.  Pros & Cons  Pros: Low APRIndividualized customer serviceTransparent fee…

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OppLoans Online Loans Review: 2019

OppLoans OppLoans Online Personal Loan Facts APR: 99% to 199%Loan Amount: $500 to $5,000Loan Term: 6 to 36 monthsMinimum Credit Score: N/ACo-Signer: Not available Fees: No origination feeTime to Funding: Next business dayHard Credit Check: NoBBB Rating: A+Trustpilot Rating: 3.5 stars Pros & Cons  Pros: Strong customer serviceQuick approval and fundingNo credit check requiredMore affordable than payday loans  Cons: High-interest rates compared to conventional loansNot available in every stateRelatively small amounts available…

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OneMain Financial Personal Loans Review: 2019

Using the tagline "Lending done human," OneMain Financial specializes in offering personal loans with a focus on individual attention to borrowers who may not qualify for conventional bank loans. With branch locations throughout the United States, OneMain provides a mix of online and in-person experiences for those who require financing quickly. OneMain Financial Personal Loan Facts Pros & Cons  Pros: Strong customer serviceEasy approval process for those with challenged creditFast approval and…

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NetCredit Personal Loans Review: 2019

NetCredit is an online financial services provider, serving those who have been rejected for a personal loan by traditional brick-and-mortar banks. Offering primarily personal loans and lines of credit, NetCredit currently only serves 14 states. NetCredit Personal Loan Facts APR: 34% to 155%Loan Amount: $1,000 to $10,000Loan Term: 6 to 60 monthsMinimum Credit Score: 550Co-Signer: Not available Origination Fees: NoneTime to Funding: One business dayHard Credit Check: YesBBB Rating: A+Trustpilot Rating: 4.8…

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LendingPoint Personal Loans Review: 2019

LendingPoint is an online lender that specializes in providing loans to borrowers that don’t have high credit scores. Their mottos include “your score is not your story” and “we believe in saying yes.”  The company offers flexible payment plans and a speedy application process. They claim that loan capital can be delivered as little as one business day after loan approval.  LendingPoint’s focus is on customers with fair credit (as opposed to…

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LightStream Personal Loans Review: 2019

LightStream is an established online personal loan provider for borrowers with good credit. The company aims to provide its customers with a straightforward loan process and attractive borrowing rates. LightStream offers personal loans for a variety of purposes and is completely fee-free. LightStream Personal Loan Facts Pros & Cons Pros No feesLower interest rates for automatic payment customers Options for same-day funding Cons No option for phone paymentsNo phone number for live customer…

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RISE Personal Loans Review: 2019

RISE Personal Loans are targeting borrowers with bad credit. RISE's APR can be as high as 299% but is lower compared to traditional payday loans. RISE Personal Loan Facts APR: 36% to 299%Loan Amount: $500 to $5,000Loan Term: 4 to 26 monthsMinimum Credit Score: 500Co-Signer: No Fees: No origination feeTime to Funding: 1 business dayHard Credit Check: YesBBB Rating: A+Trustpilot Rating: 4.5 stars Pros & Cons Pros Reports to both major credit…

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Marcus by Goldman Sachs Personal Loans Review: 2019

A personal loan from Marcus by Goldman Sachs is an excellent option for borrowers with high credit scores who are seeking flexible loan terms. The absence of origination fees or late fees is also a plus. Borrowers with lower credit scores can be accepted, although their interest rates will be higher.  Marcus by Goldman Sachs Personal Loan Facts APR: 5.99% to 28.99%Loan Amount: $3,500 to $40,000Loan Term: 36 to 60 monthsMinimum Credit…

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