Reviews (US)
LendingPoint Personal Loan review
Are you looking for a personal loan that can help you get your finances back on track? Look no further than LendingPoint! Check our full review to learn more.
LendingPoint Personal Loan: Quick funding even if you don’t have an stellar score!
The LendingPoint Personal Loan can be a great option for those who do not have a very high credit score. Also, if you are worried about the credit inquiry that lenders usually make, which can lower your score, you don’t have to.
That is because this lender only performs a soft credit inquiry on applicants. So, keep reading our full review to know more!
| APR | From 7.99% to 35.99%. |
| LOAN PURPOSE | Consolidating debt, weddings, car repairment, remodeling your home. |
| LOAN AMOUNTS | This lender has loans that range from $2,000 to $36,500. |
| CREDIT NEEDED | At least 600. |
| TERMS | From 2 to 5 years. |
| ORIGINATION FEE | Up to 8%. |
| LATE FEE | No late fees at the moment. But, it can charge up to $30 of late fee, and they differ by state. |
| EARLY PAYOFF PENALTY | No early payoff penalties. |
How to apply for the LendingPoint Personal Loan?
Do you need a loan to help you pay down debt or for another emergency? LendingPoint Personal Loan can help! Read more to know how to apply!
How does the LendingPoint loan work?
With this lender, you can apply for a loan ranging from 9.99% to 35.99%. After applying, you can get your loan in just a few business days.
Also, if you pay off your loan early, there are no penalties. So, this lender works out great for people with a fair score that need a loan to pay down debt or to pay for other emergencies.
You will be redirected to another website
By submitting this form, I agree that I am 18+ years old and I agree to the Privacy Policy and Terms and Conditions. I also provide my signature giving express consent to receive marketing communications via automated emails, SMS or MMS text messages and other forms of communication regarding financial products such as credit card and loans. Message frequency varies and represents our good faith effort to reach you regarding your inquiry. Message and data rates may apply. Text HELP for help or text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and I may revoke my consent at any time.
LendingPoint personal loan benefits
Pros
- You can get your loan just in a few business days with this lender.
- Even if you have a fair credit score, you can have great chances of approval.
- You can make early payments, and you will not get any penalties for that.
- This lender does not make hard credit inquiries. So, your credit score will not get so affected when you apply for a loan with this lender.
Cons
- If you need to make a loan with co-signers or co-borrowers, that will not be possible with this lender.
- There might not be payment reports to the credit bureaus.
- If you have a low score, you might have to pay for high APRs.
Should you apply for the LendingPoint Personal Loan?
If you need a loan from a lender that does not make hard credit inquiries because you have a fair score, this lender can be for you.
Also, you need to make sure that you can make your payments on time and pay for the fees charged by this lender.
However, if you have very low credit, you might need to look for another loan option. And do not worry because there are some great options out there for many types of credit scores.
So, this lender can be great for those who need to make a loan for an emergency and other types of needs.
Can anyone apply for a loan at LendingPoint?
To qualify for an application to get a loan with this lender, you must be a United States resident and at least 18 years of age. In addition, your annual income must be a minimum of $20,000. But this income can be from unregular jobs as wells.
What credit score do you need for LendingPoint?
To get a loan with this lender, we recommend a credit score of at least 580 points. However, you might get approved for a loan even if you have a poor score.
So, besides making sure that you have enough points on your score, make sure that you fit the other requirements for a loan.
How to apply for a LendingPoint loan?
You can get very fast approval for a loan with this lender, and it can be easy to apply. Moreover, you can easily do it online.
So, if you want to know more about the application process to get a loan with this lender, check out our post below!
How to apply for the LendingPoint Personal Loan?
Do you need a loan to help you pay down debt or for another emergency? LendingPoint Personal Loan can help! Read more to know how to apply!
About the author / Victória Lourenço
Reviewed by / Aline Barbosa
Senior Editor
Trending Topics
Learn to get medical assistance from the government!
You can learn if you can get medical assistance from the government! Read our post to find out if you qualify!
Keep Reading
How to apply for 247LoanPros?
247LoanPros is an online service that helps you find the perfect loan to cover your needs and goals. Check out how to apply for it today!
Keep Reading
Blue Cash Everyday® Card from American Express review
American Express offers a card that rewards you with cash back, and it doesn’t charge any annual fees. Read the Blue Cash Everyday® review!
Keep ReadingYou may also like
SoFi Mortgage review: how does it work and is it good?
Keep reading if you're looking for a mortgage broker that provides personalized service at competitive rates. We'll discuss the pros and cons of choosing SoFi mortgage over other lenders.
Keep Reading
Cheap flights on Kayak: night flights from $29.99!
Planning a vacation or business trip? Check out how Kayak cheap flights can save you money, and learn how to explore cheap flights! Read on!
Keep Reading
Holiday budgeting: 10 best ways to save money
Whether you're shopping for the holidays or just looking to save some money, we've got ten great tips that'll help get your holiday budgeting in check. Keep reading!
Keep Reading