Our rating is based on a combination of expert staff and user ratings.
- Flexible Repayment Plans
- Good For Debt Consolidation
- High-Interest Rates
- Origination Fees of 0% - 6%
|APR||15.49% – 35.99%|
|Loan Amount||$2,000 – $25,000|
2 to 4 Years
Lending Point is a personal loan lender whose loans are best suited for those with bad to average credit. You can use Lending Point loans for any personal expense, but debt consolidation is the most common. Lending Point looks beyond credit score to decide if you qualify for a personal loan, including debt-to-income ratio, employment history, credit history, and more. With a simple, quick process that often gets you your money within the day, Lending Point can help you to receive the personal loan you need despite credit score troubles.
You can get a loan from Lending Point with a minimum credit score of 600. Although you can use their personal loans for any expense, Lending Point is most known for debt consolidation loans, since its average borrower has bad to average credit. Lending Point has flexible repayments that allow you to find a payment plan that works for your budget.
Lending Point loans are best for consolidating debts. With this lender, borrowers can place multiple debts into a single fixed payment plan, which can be made weekly or monthly. Lending Point is a good fit if you have bad to average credit and would have difficulties getting a traditional loan from a bank.
How to Qualify
You can apply for a personal loan on Lending Point’s website. The lender requires that you have a minimum credit score of 600. Upon applying, you will be required to give them information such as the loan purpose, some basic personal information, your annual income, and the last four digits of your Social Security number.
The origination fee ranges from 0-6%. There is no prepayment fee, but there is a late fee of $30 after a grace period of 15 days.