Upgrade
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in our Bankrate review
Bankrate’s view
If your credit isn’t in mint condition, it may be easier to qualify for a $30,000 personal loan with Upgrade. It has a lower minimum credit score requirement of just 580, but even more notably, it offers joint and secured loans. This could make it easier for borrowers with imperfect credit to secure a large loan with a competitive rate.
However, you’ll pay an origination fee of up to 9.99 percent, and you can expect rates as high as 35.99 percent if you have a low credit score.
Pros
- Available to borrowers with bad credit
- Joint loans available
- Option for direct payment to creditors
Cons
- High maximum APR
- High origination fee