- Maximum loan amount
- Minimum credit score
- Repayment terms
- 24 to 84 months
Upgrade is an online lender that offers debt consolidation loans and other financial products to people with all credit profiles, including consumers with credit scores as low as 560. This means that even borrowers with poor credit are eligible for debt consolidation loans.
You can borrow anywhere from $1,000 to $50,000, depending on your needs, and you can repay your loan over 24 to 84 months. The company will pay your creditors directly, and co-signers are permitted.
As of this writing, APRs for loans from Upgrade fall between 8.49% to 35.99% based on creditworthiness, and it's worth noting that an origination fee applies. There is also a $10 failed payment fee. If you’re interested in a loan from Upgrade, you can check your rate with no impact to your credit before applying.
Upgrade offers several advantages, including:
- Personal loans are available to consumers with all credit scores.
- Repayment terms are flexible.
- Borrowers can access up to $50,000 for debt consolidation.
- You can check your rate without it affecting your credit.
Borrowers should know this about Upgrade:
- Loans from Upgrade require an origination fee of up to 8.99%.
- APRs for bad credit can be high (up to 35.97% APR).
Positive reviews center on the fast and easy loan process and the company's helpful customer service representatives.
Candice, a reviewer from New Jersey, reported this about the Upgrade experience: “I am extremely pleased with all my experiences with Upgrade! Excellent service and fast approval process all done online! Love this company! They really helped me when I needed it most on my financial goals. I highly recommend them with two thumbs up! Everything went so smoothly each time I reached out to qualify for a loan. Great communication throughout the process from the time I started until I received my funds. I also use their app for convenient auto payments.”