RISE Reviews
- 4,694,011 reviews on ConsumerAffairs are verified.
- We require contact information to ensure our reviewers are real.
- We use intelligent software that helps us maintain the integrity of reviews.
- Our moderators read all reviews to verify quality and helpfulness.
+3 more
About RISE
For nearly a decade, RISE Credit has been providing online personal installment loans to connect clients with the money they need. Its quick application process can get consumers access to cash in as little as one business day. The company provides a five-day risk-free guarantee and a flexible payment schedule. Unlike some competitors, RISE reports payments to a major credit bureau, which may help improve credit scores. RISE Credit is licensed in 29 states across the U.S.
- No prepayment penalty
- Loans from $500 to $5,000
- Quick application process
- Not available in all states
- High APRs
What is RISE?
RISE is an online lender that helps consumers improve their financial situations through short-term installment loans. It reports payments to a major credit bureau, which can demonstrate responsible financial behavior if your payments are made on time.
The company also offers tools to help customers learn more about their credit and take steps to build better financial habits. Its free Credit Score Plus program allows you to check your credit score and receive free credit alerts to monitor your progress.
How does RISE work?
To apply for a loan with RISE, you need to follow three simple steps:
- Submit an application: The company has a quick application process that should only take a few minutes.
- Choose your terms: You’ll be able to choose between flexible payment options that comply with the laws in your state.
- Receive your funds: Once you review the documents and sign your loan agreement, the money is deposited into your account as soon as the next business day.
Loan amounts of $500–$5,000 are available. Rates, terms and loan amounts available can widely vary from state to state — you can check the available range of options by selecting your state on the RISE website.
RISE also offers a five-day risk-free guarantee that enables you to rescind your loan — just contact the company before 5 p.m. on the fifth business day. You’ll repay the principal on the loan but won’t be charged fees or interest.
RISE rates
RISE rates vary based on your financial history, the amount of money you’re requesting and your location. Some states have more restrictions on rates than others. You can see an exact range of interest rates for your state on the RISE website. Rates start at 59.8% and go up to 299% at the time of publishing.
You’ll want to read the loan terms carefully to understand your interest rate and how much you’ll have to pay back in total. RISE recommends paying off your loan early if possible to save money on your loan. There aren’t any prepayment fees, so you won’t be penalized for doing so.
RISE FAQ
What are the RISE application requirements?
In order to apply, you must meet the following application requirements:
- Have a working email address to receive loan information
- Be at least 18 years old
- Reside in a state where RISE operates
- Have a regular source of income, such as a job
- Have an active checking account
Where is RISE available?
RISE is available in the following 29 states:
- Alabama
- Alaska
- Arizona
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Indiana
- Kansas
- Kentucky
- Louisiana
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- Ohio
- Oklahoma
- Oregon
- South Carolina
- Tennessee
- Texas
- Utah
- Washington
- Wisconsin
- Wyoming
Does RISE do a hard credit pull?
When you’re applying for a RISE loan, the company initially does a soft inquiry. However, if you proceed with the offer and accept a loan, there’s a hard credit pull.
How long does it take to get a loan from RISE?
Once you complete the paperwork, you can expect to see funds deposited as early as the next business day.
Is RISE Credit a payday loan?
No, RISE Credit is not a payday loan. The company offers short-term installment loans. The company actually positions itself as an alternative to payday loans.
Is RISE legit?
RISE is a legitimate company offering short-term installment loans to consumers in 29 states. If you need funds and a less expensive option isn’t available, RISE might be a good choice. The company has been around for over eight years and has provided over $3.7 billion in loans since its opening. In addition, the company’s application process is simple, and you can get the money quickly. Rates vary, however, based on your credit history and location. It’s important to read all loan documents carefully before signing.
A link has directed you to this review. Its location on this page may change next time you visit.
RISE Company Information
- Company Name:
- RISE
- Website:
- www.risecredit.com
