topic Upstart Loans in Personal Finance

Upstart Loans

AWill71i — Fri, 28 May 2021 22:17:07 GMT

Has anyone gotten an Upstart loan? And what credit score do you need to get the max loan from them which is $50,000?

Re: Upstart Loans

DSewnauth — Sat, 29 May 2021 03:39:03 GMT

I just got a loan through them for $8200 in april. Credit score was in the low 600s. I forget exactly where they pulled. TU and EX I believe.

Anyway I used it for debt consolidation. I plan to pay it off by the end of the year. I applied for 10k and they countered with 8200. There was a $600 origination charge. Set up autopay. So far, everything was smooth. No issues at all.

Re: Upstart Loans

OmarGB9 — Sat, 29 May 2021 03:44:08 GMT

I got one with them once. They look at a lot more than just FICO score. I wouldn't know the answer to your second question, but I'd assume very few people qualify for that large of an amount, regardless of score.

Re: Upstart Loans

Anonymous — Sat, 29 May 2021 23:03:21 GMT

I agree. Upstart looks at more than just FICO score because I did the pre-qual and was pre-approved for $1,800. I got to Lending Club same day and get $20,000 and the following month I get $20,000 from PenFed. Not sure what Upstarts formula is but my income clearly qualifies me for $40,000 k but they only saw me as $1,800. I declined the $1,800.

Re: Upstart Loans

203bravo — Thu, 03 Jun 2021 04:19:42 GMT

Can quality with mid 700's - This is only the soft pull prequalify... so have no idea how firm an offer it would be.

Re: Upstart Loans

Anonymous — Wed, 02 Jun 2021 02:14:40 GMT

I got an upstart loan for $4000 in low to mid 600s. They offered around $6000 but I scaled it back because the monthly payments seemed a little much for me at $44k annual income. They wanted access to my bank accounts to see I had the money I claimed I had. Approved at 27% apr I believe it was.

Re: Upstart Loans

crissyanj — Fri, 18 Jun 2021 20:31:35 GMT

I have an Upstart loan as of a couple of weeks ago for $7k to consolidate my cc debt. My credit score is in the low 6000s. The interest rate is a little high, but beats paying that across 6+ cards.

Re: Upstart Loans

Anonymous — Sat, 19 Jun 2021 02:20:48 GMT

6000's?! Thats a pretty high score! 🙃. I agree on rate. Mine is fairly high but the more loans you get and pay off over time, the better the rate. Mine was 29% which might be higher than some cards but I got mine to mostly finish off my first loan at some 200% or whatever rise loans run for 😬😂😂😂🤷‍♂️ Rise was awesome on speed on giving money and approval but bad on reporting and rates. They've reported like twice so far in the 6-9 months I will have had it. I left like $300 at end to let them report it before paid off which they did.

Re: Upstart Loans

Jnbmom — Sat, 19 Jun 2021 02:25:14 GMT

@Anonymous wrote:
I got an upstart loan for $4000 in low to mid 600s. They offered around $6000 but I scaled it back because the monthly payments seemed a little much for me at $44k annual income. They wanted access to my bank accounts to see I had the money I claimed I had. Approved at 27% apr I believe it was.

27%🥺 That's really high

Re: Upstart Loans

Anonymous — Sat, 19 Jun 2021 02:45:42 GMT

27, 29. Something like that. For some reason I'm bad with rates. I have two car loans both at 14%. I recently read the auto loan section of forum and saw with my fico scores someone paying 8%. I'm really bad with it snd throwing money away. I'm still learning. I'll get it by the time I'm ready to buy a home, which is ultimate reason I started this game which has since gotten me addicted to the free rewards available. What did you think of my rise loan rates?! That thing was like 135%-200%. I forget which and am afraid to even look. It was like $7-$9 a day. I paid that thing off pretty fast lol. Another nice thing about them and upstart is that they show the current interest built up daily which is good motivation to keep on top of it and overpay. The negative reviews on rise were unjust. They were upfront, collateral free, and very flexible on payment extensions. The online text style chats were very clear and on point. Opportun offers zero online chat help and charges something called an origination fee. If Rise offered a rate at least like upstart, I would do business with them again.

Re: Upstart Loans

Anonymous — Sat, 19 Jun 2021 02:41:33 GMT

Just got a loan from them 15k no POI instant approval. Got the money next day. APR high I'm gonna use this to pay down some CC and planning on paying this off by DEC 2021

Re: Upstart Loans

Anonymous — Sat, 19 Jun 2021 02:59:01 GMT

That's pretty awesome. I see you started your rebuild in 2016? I started mine April of 2020 at around 500 credit score. It was in the fall I got my first loan. Upstart early 21 oops. I'm starting to see lending tree offers for 20k but I doubt the rates are anywhere nears yours. Congrats on your loan!!! Upstart took a long week for me. Opportun 3 days and rise was pretty much next day even though it was the weekend or similar I think

Upstart Income

redE2move — Fri, 04 Mar 2022 02:55:06 GMT

When apping as an individual does Upstart consider household income or only individual income?