What Is LendUp Card?

LendUp is a financial technology company that provides loans and credit cards, as well as financial education, access to credit reporting and gamification for responsible lending behavior.

What is a LendUp credit card?

LendUp has spent the last several years helping people who couldn’t get a loan build their credit and improve their financial well-being. Designed for users with no credit or bad credit, the card features low fees, requires no security deposit and reports to all three major credit bureaus.

Is LendUp a payday loan?

LendUp is a new kind of online payday lender. With LendUp, your loans have no hidden fees, no debt-trap rollovers, competitive interest rates, and clear terms and conditions. Know exactly how much you’ll repay before you even apply for your loan.

What states is LendUp available in?

LendUp payday loans are also currently offered in only the following states: Ohio, New Mexico, Washington, Maine, Oklahoma, Louisiana, Florida, Texas, Wyoming, Alabama, Idaho, Indiana, Illinois, Mississippi, Oregon, Kansas, California, Missouri, Tennessee, and Minnesota.

How much can you borrow from LendUp?

How Much Can I Borrow? The exact terms of LendUp’s installment loans vary by state. For example, in California, the maximum amount you can borrow at the prime level is $1000 for a period of up to 12 months. As LendUp continues to expand and builds customized.

Does LendUp check your credit?

Some lenders advertise “no credit check” payday loans. This can be misleading, although some lenders really don’t perform any credit checks. LendUp payday loans have applications with no credit check hard inquiry from a traditional credit bureau, so applying won’t hurt your credit score.

What is a good credit score?

For a score with a range between 300-850, a credit score of 700 or above is generally considered good. A score of 800 or above on the same range is considered to be excellent. Most credit scores fall between 600 and 750.

Can you go to jail for not paying back a payday loan?

You will not go to jail if you do not pay a “payday” loan. A creditor may pursue collection of a debt through the civil courts in the United States; however, debtors cannot be prosecuted in criminal court for not paying a debt.

What is the best online loan?

Recap: Best online loans

  • Online loans for good credit: Marcus, LightStream, SoFi.
  • Online loans for debt consolidation: Laurel Road, Payoff.
  • Online loans for bad credit: Avant, OneMain.

How do you qualify for payday loans?

A: Payday Loan Requirements may vary from lender to lender, but typically you will need the following to apply:

  1. Meet minimum age requirements in your state (18 in most states)
  2. Have an open and active checking account.
  3. Be able to show proof of income.
  4. Have a valid phone number.

Does LendUp do a hard inquiry?

At LendUp, perfect credit is not required for a personal loan. And for single-payment personal loans, LendUp does not perform a hard inquiry from the traditional credit bureaus, which means just applying for a single-payment loan won’t affect your credit score.

Can I pay my LendUp loan early?

You also have the option of paying off your loan early using a debit card (an additional fee may apply). This payment can be submitted online after signing into your LendUp account or by calling 1-855-2LENDUP. You also have the option to pay with a different debit card until midnight PT the day before your due date.

Does LendUp offer installment loans?

With LendUp installment loans, you have access to larger loans and more time to pay them back. Our online installment loans offer up to $1,000* for qualified customers. You can access more money and have longer time to pay. LendUp installment loans report to all 3 major credit bureaus.

Can you get a personal loan with a credit score of 550?

A FICO credit score under 580 is considered to be poor credit. If your score is below that, it’ll be hard to qualify for a personal loan – and for a good reason. But other types of personal loans or lenders might still be an option, even with a 550 credit score.

Can you get a loan with a credit score of 550?

Ask lenders if they originate loans insured by the Federal Housing Administration. FHA-backed loans are available to any borrower with a credit score of at least 500. If your score is 550, you can apply for an FHA loan that requires a down payment of 10 percent of your home’s purchase price.

Can I get a loan with really bad credit?

If you have an adverse credit rating due to missed payments in the past, it can make it more difficult to get a loan. But it’s not impossible. The loan may carry a higher interest rate compared to a loan for someone with a perfect credit history though.