Fast approval even with fair credit!
I was honestly shocked when I got approved in less than 10 minutes. My credit score
is around 650, and I've been rejected by traditional banks multiple times. Upstart
actually looked at my education and job history, not just my credit score. I got
$12,000 to consolidate my credit card debt at a much better rate than I was paying.
The whole process from application to receiving funds took less than 36 hours. Highly
recommend if you have fair credit!
Best lending experience I've ever had
After being denied by three different banks, Upstart approved me instantly. The AI
technology really makes a difference - they considered my master's degree and stable
job history. Got the money in my account the next business day. The APR was competitive,
no prepayment penalty, and the customer service team answered all my questions promptly.
Used the loan for home improvements and couldn't be happier.
Consolidated $25K in credit card debt!
I was drowning in credit card debt at 24% APR. Upstart gave me a personal loan at 13.5%
APR which will save me thousands in interest. The application was so easy - just basic
information and they gave me an instant decision. No running around to banks, no
mountains of paperwork. Everything was done online in under an hour. My monthly payment
is lower now and I'll be debt-free in 5 years instead of never. Life-changing!
Transparent and straightforward
What I appreciated most was the transparency. Before I accepted the loan, I could see
exactly what I would pay each month, the total interest, and all fees. No hidden charges,
no surprises. The origination fee was clearly stated upfront. The mobile app makes it
easy to manage payments and see my loan balance. Already made two extra payments with
no penalties. This is how lending should be done.
Good rates but origination fee adds up
Overall positive experience with Upstart. Got approved quickly with a decent APR (11.8%).
The process was smooth and customer service was helpful when I had questions. Only
reason for 4 stars instead of 5 is the origination fee - mine was 8% which is $1,600
on a $20K loan. That's deducted from the loan amount, so I received $18,400 but have
to repay $20K. Still better than my credit cards though, and no prepayment penalty is
great.
Perfect for medical expenses
Had an unexpected medical emergency and needed $15,000 fast. Upstart came through when
I needed it most. Applied on Monday morning, approved by Monday afternoon, money in my
account Tuesday. The speed was incredible. The rate was fair considering my credit
situation (mid-600s), and the payment plan fits my budget. Can't thank them enough for
being there when traditional options failed me.
AI technology actually works!
I was skeptical about the AI underwriting, but it really does consider more than just
credit scores. My score was only 610, but I have a good job and a bachelor's degree.
Upstart approved me where traditional banks wouldn't even look at my application. Got
$10K at 17% APR - not the lowest rate, but WAY better than credit cards or payday loans.
Six months in and I'm never late on payments. Would definitely use again.
Refinanced my car and saved money
Used Upstart's auto refinance option to lower my car loan rate from 19% to 9.5%. The
savings are huge - about $150/month less. The whole process took 3 days from application
to payoff of my old loan. Didn't have to go to a dealer or anything, all done online.
My credit has improved since I got the original loan, and Upstart recognized that.
Highly recommend their auto refinance product!