Almost anyone. But different types of borrowers have different options available to them. Rates and loans are largely determined by a borrower’s credit history and credit score, limited history and low credit will reduce options and raise rates.
Beside this, are Upstart loans unsecured?
While most loans through Upstart are unsecured, certain credit unions may place a lien on other accounts you hold with the same institution. It is important to review your promissory note for these details before accepting your loan.
Also know, is upgrade a legit loan company?
A: Upgrade is a legitimate online lender with a proven track record since its founding in 2017. It has an A+ rating with the Better Business Bureau and has limited complaints posted with the Consumer Financial Protection Bureau.
Is Upstart and upgrade the same company?
Upgrade is the closest lender to Upstart out there. They offer the same loan amounts and have similar credit score requirements, interest rates and fees — both charge origination fees as high as 8%.
Upstart charges a late fee that is either 5% of the amount that is past due or $15, whichever is greater. If you request paper copies of your loan agreement you pay a $10 fee, but virtual copies are free. There are no early payoff penalties with Upstart loans.
You can borrow between $1,000 and $50,000. Please note, there are state-specific minimum loan amounts for some states: Georgia — $3,100 minimum.