It can help to refinance or consolidate your debt into something more manageable using a company such as Upstart.
Weve spent the time researching and even borrowing money from Upstart to find out.
Upstart
What Is Upstart?
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Upstart applies AI technology to lending.
The result is a more accurate assessment of risk.
How Do I Qualify for an Upstart Loan?
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We believe Upstart is the future forward for accessibility in personal loans.
Hard credit inquiries remain on your account for typically two years and may affect credit scores.
Personal loans through Upstart carry an interest rate of 6.5% to 35.99%.
With Upstart, the only two options are over either three or five years.
Alternatively, Upstart can send the loan amount directly to your creditors.
Dont forget that the money from Upstart is borrowed, so youll need to begin your repayment shortly.
Who Is Upstart Best or Worst for?
Upstart is not a great option for those who can go with more traditional personal loans.
No, weve even tested Upstart by taking out a loan and paying it back.
Upstart is a legitimate company offering loans to those with new or low credit history.
Upstart is not a fake or fraudulent company, and we are happy to recommend it for personal loans.
Upstart notes that 70% of applicant submissions are completely automatic, so they are approved instantly.
In some situations, Upstart may request additional information before your loan proceeds and is approved.
Michael Archambault is a senior writer for The Penny Hoarder specializing in technology.
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