What is LendingPoint?
LendingPoint is a consumer-focused personal loan lender that provides access to a variety of loan options. It offers a convenient online loan application process, allowing customers to apply for loans and receive funding the following business day after approval. Loans can be used for a variety of purposes, including debt consolidation, home repairs and bills.
LendingPoint offers loan amounts ranging from $1,000 to $36,500 with rates from 7.99% to 35.99%. Payment terms are from 24 to 72 months, and the company claims on its website to offer flexible financing options.
Is LendingPoint a scam?
LendingPoint is not a scam. It is a legitimate, licensed personal loan lender and has operated across the U.S. for over a decade. However, some customer reviews claim the company has provided misleading or incorrect information about payment plans. It’s always advisable to research and compare lenders before providing any sensitive personal or financial information.
You should also be aware of common personal loan scams and understand how to identify potential scammers. Personal loan scams can occur over the phone, email or text message. While LendingPoint is a legitimate lender, scammers may contact you impersonating the company. If someone contacts you claiming to be LendingPoint, do not give away any personal or financial information. Instead, contact LendingPoint using the customer service number listed on the company’s website.
» READ: 3 signs of personal loan scams
Compare LendingPoint to other legitimate lenders
The following table compares LendingPoint with other legitimate personal loan companies. The loan amount and terms will vary based on your credit score and financing needs. The customer rating shown in this table is based on real customer reviews left on ConsumerAffairs. You can check other platforms like TrustPilot or the BBB for additional reviews, complaints and testimonials.
| Company | Customer rating | Loan amount range | Repayment terms | Origination fees | Funding speed | |
|---|---|---|---|---|---|---|
 LendingPoint | Learn More | No ratingView profile | $1,000 to $36,500 | 24 to 72 months | Up to 10% | One business day |
 Best Egg | Compare Offers | 4.5 | $2,000 to $50,000 | 3 to 5 years | 0.99% to 9.99% | One business day |
 Upgrade | Compare Offers | 4.5 | $1,000 to $50,000 | 2 to 7 years | 1.85% to 9.99% | One business day |
 AmONE | Learn More | 4.4 | $1,000 to $100,000 | 1 to 5 years | Undisclosed | Undisclosed |
Independent customer reviews about LendingPoint
LendingPoint has earned a 4.6 out of 5 star rating on TrustPilot with nearly 9,000 reviews. It also has an A+ rating with the BBB.
Online customer reviews praised LendingPoint’s customer service, noting that company representatives were helpful and professional. Many positive reviews also highlighted the company’s quick response time, streamlined application process and variety of loan options.
While the majority of reviews were positive, some noted that the company’s online portal was occasionally down or displayed incorrect information. Some customers also felt that the customer service representatives weren’t able to provide clear explanations about specific payment plans.
» MORE: LendingPoint reviews
LendingPoint information
Learn more about LendingPoint below.
| Age of business | 11 years |
|---|---|
| Year founded | 2014 |
| Headquarters | 1201 Roberts Boulevard #200, Kennesaw, GA 30144, United States |
| Phone Number(s) | 1 (888) 969-0959 |
| Info@LendingPoint.com | |
| Website | https://www.lendingpoint.com/ |
| Is website secure | Yes |
| Forms of contact available | Phone, email, mail |
| Trade organization membership | FDIC, Equal Housing Lender |
| States of operation | 48 states |
FAQ
Where does LendingPoint operate?
LendingPoint offers services in 48 states, plus Washington, D.C. The only states where LendingPoint does not operate are Nevada and West Virginia.
What are the signs of a personal loan scam?
If you receive a loan offer that seems too good to be true but never applied for a loan, it’s likely a scam. Other red flags include a lender guaranteeing approval, requiring upfront fees and immediately requesting sensitive information like your Social Security number.
How fast can I get a loan with LendingPoint?
Once your application is approved, you can receive funds through LendingPoint the following business day.
