For borrowers with less-than-perfect credit needing quick funding, LendingPoint offers personal loans up to $36,500 with no credit impact when applying.1 LendingPoint uses their own proprietary technology and algorithms to give more borrowers better chances of being approved, with funds directly deposited as soon as the next business day. LendingPoint also has a Knowledge Center and other helpful resources to educate borrowers on properly managing money and making better financial choices down the line.
Pros and Cons of LendingPoint
LendingPoint can be a great option for individuals seeking quick and flexible financial solutions through personal loans.5
- Uses proprietary technology and AI to increase borrower approvals
- No prepayment penalties3
- Convenient app to manage account
- If approved, funding is possible as soon as the next business day5
- Charge origination fee up to 10%
- Not available to Nevada or West Virginia residents
- APR high as 35.99%, particularly for bad credit consumers
How LendingPoint Compares
to Other Options
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| Max Cash's Rating | |||
| Repayment Terms | 24 to 72 Months | N/A | 36-84 Months |
| Funding Timeline | Receive funds by the next business day | Receive funds on the same day or by the next business day | Funding as soon as the next business day |
| Bottom Line | LendingPoint serves consumers with poor credit needing personal loans with an easy application process and technological approach to better their approval chances. Funding can be available the next business day, if approved, but LendingPoint is not available nationwide.5 |
Heights Finance offers personal loans to help borrowers needing funds quickly, despite bad credit or bankruptcy. Debt consolidation loans are also offered to help consumers better manage their finances |
Discover Personal Loans is an excellent option for consolidating debt or other uses with fixed interest rates and no prepayment penalties.3 Generally, only consumers with good to excellent credit are approved. |
Frequently Asked Questions about
LendingPoint
LendingPoint is a legitimate Atlanta-based lender that has been operating since 2014.
Call 888-969-0959 to get in touch with a representative.
LendingPoint is accredited by the Better Business Bureau (BBB) and has an A+ rating.
