If you have poor credit, Rise isn't as good as a bank loan because of the high fees, but they are better than a payday loan. They allow you to pay the loan off in payments and all the fees are spelled out in advance so there aren't any surprises. Easy to work with and their website is simple to navigate. If your credit is challenged and you need a lump sum of cash immediately, this is a better option than a money-sucking payday loan.
Most Helpful Positive Review
Most Helpful Negative Review
This form of credit should be used only by those who are desperate for a quick cash fix for emergency use only! Not vacations, regular payments. Use this only if you are in dire need due to some vvery unforseen circumstances. I had the situation where I had a loan from Rise and several other online loan places, took an interitance to fix the situation. The interest they charge should be illegal. You are better going to a pawn broker or a relative rather that use them, due to their high rate of interest. You can easily pay back over double the amount that was loaned to you. If you must use this source, please pick a short loan term to keep total finance charges within reality.
That said, if you DO decide to use Rise, they are in my opinion, one of the better loan places out there.
Join the Credit Karma Community
It’s free, and you’ll get tools and info that can help you improve your financial health:
- Credit scores and reports
- Credit monitoring
- Personalized recommendations
**Annual Percentage Rates, terms of loan, and monthly payments presented are estimated and were created based on analysis of information provided by the consumer and available rate information from lenders. While efforts have been made to maintain accurate information, the loan information is presented without warranty and the estimated APR or other terms presented do not bind any lender. Lenders generally have a range of available APRs (for example, a lender’s range might be 2% to 12%) and only borrowers with excellent credit will qualify for the lowest rate available. Your actual APR will depend upon factors evaluated at the time of application, which may include credit score, loan amount, loan term, vehicle information, credit usage and history. All loans are subject to credit review and approval. Additionally, model year, loan-to-value, minimum loan balance mileage, income, debt, etc. restrictions may apply. When evaluating offers, please review the lender’s Terms and Conditions for additional details.