Overall this was an awesome experience. I have a loan with a competitor and I went to them for this loan. Because my credit was protected with a lock I received a decline. Upgrade took the time to look over my credit, have me do a temporary unlock and the approved me right away. In fact, the rate was less than the other lender and Upgrade funded me overnight. They are truly the best!
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Most Helpful Negative Review
My Upgrade loan was very easy to apply for. I was approved the day after applying, and the funds were in my checking account the next day after that. It could not have been more smooth.
The interest rate and the loan origination fee are both a little rough. That's offset by the fact that there is no early repayment penalty. (I do expect to be able to make some large extra payments to pay the loan off early and avoid some of the accrued interest.)
But my biggest complaint is that there isn't a way on the web site to schedule an extra payment. In order to make an extra payment, you have to call customer service, which is annoying in the extreme. There's also no chart or graph on the website to show you the amount of interest-vs.-principal that you're paying each month. The website is so bare-bones it's practically useless. I would expect them to put a little more effort into the site.
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**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.