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Grace Enfield, Content Writer
@grace_enfield
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Yes, Upstart is legit because it has an A+ rating from the Better Business Bureau and it has been BBB-accredited since 2015. Upstart personal loans received a rating of 3.5/5 from WalletHub's editors because they offer fairly high amounts for borrowers with credit scores as low as 300.
Why Personal Loans Through Upstart Are Legit
- Upstart is registered as a business in the states it services.
- Upstart has a Better Business Bureau rating of A+.
- Upstart has been BBB-accredited since 2015.
- Upstart has been around since 2012.
- Upstart has an average user rating of 4.0/5 on WalletHub.
- Personal loans through Upstart have an overall rating of 3.5/5 from WalletHub's editors.
While personal loans through Upstart are legit, they may or not be the best choice for you. It's important to compare the terms and requirements of personal loans through Upstart against your other options before submitting an application.
This answer was first published on 07/06/22 and it was last updated on 02/16/24. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
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Christy Sours, Member
@sunsetgamer99
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No! Upstart defrauded me causing me to lose my bank account and at least one paycheck as a result. Do. Not. Loan. From. Them. I tried to, and they got into my bank account and filed a fraudulent claim in my name and then stole the nearly $800 my bank added to my account due to the claim. As a result the bank closed my account.
This answer was first published on 01/25/24. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
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Jim Rayburn, Member
@jhrayburn
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They take advantage of people who are desperate. It would be better to go to your bank and get a personal loan which would be a lower interest rate. A $1,800 loan over 5 years, I would be paying $1,200 in interest.
This answer was first published on 12/13/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
People also ask
How can you get NetCredit personal loan pre-approval?
You can get pre-approved for a personal loan through Upstart without hurting your credit score on the company’s website. Upstart pre-approval allows you to see your odds of approval for a personal loan, as well as your potential rate.
How to Get Pre-Approval for a Personal Loan Through Upstart
- Go to the Upstart website.
- Click on CHECK YOUR RATE.
- Enter the loan amount, loan purpose, your name, date of birth,...
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What credit score do you need for an Upstart personal loan?
Applicants do not need to have a credit score to get a personal loan through Upstart, according to the company. Upstart’s underwriting model uses machine learning to consider factors like education, employment and credit score, if the applicant has one, to approve applicants. Even if you have a credit score as low as 300, you could still be approved. To put this in perspective, most other companies require applicants to have a credit score between...
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How long does it take to get money from a personal loan through Upstart?
It takes as little as 1 business day after you sign the loan agreement to get money from a personal loan through Upstart, according to the company. Exactly when the funds will be available for use depends on your financial institution, and you should reach out to them for more information.
How to Get Money From Upstart as Fast as Possible in 2024
Fill out the application carefully.
You should make sure...
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