Rise Credit Reviews - What Is It?

WARNING: DO NOT USE Rise Credit Until You Read This Review!
Is it a Scam? Does It Really Work?

Rise Credit

Rise Credit is a short-term lender that promises to help you manage your financial emergencies using easy and fast personal installment loans. In addition, the company offers flexible rates and repayment terms that tend to decrease over time, access to their free service and tools that help their users start a budget, save money correctly, and manage their debt. In short, it helps their customers create good credit, acquire new money habits and simplify financial issues. You can go to their official website, where you will see a chart with Rise's rates on credit card cash advances and payday loans. Rise Credit offers loans in amounts between $500 and $5K. It is recommended to get out of debt as soon as possible. For this reason the company offers up to a 50% rate reduction on future advances or loans.

The free Credit Score Plus service offers access to credit alerts, credit score, as well as savings and spending tips and tools. The company also reports payments to the leading credit bureaus. If customers make payments on time and demonstrate positive financial behavior their credit score could increase. To apply for a Rise Credit loan, you will need to follow a few steps. First, fill in an online application, which includes your name and address, checking account balances, social security number, and so on. According to the official website, you will need to have an email address and a valid checking account. Once approved, you will get your funds the next business day on your checking account. You will be able to log into your Rise account to check your balance 24/7 and view the activity of your finances.

Customer Reviews - Does Rise Credit Really Work?

There are three main credit bureaus: Equifax, TransUnion, and Experian. They are responsible for collecting financial data about individuals related to mortgages, personal loans, auto loans, and forth. This information is packaged into a unique credit score. Whenever you apply for a new loan, one or more of these scores can be utilized to help to determine your eligibility, repayment term and APR. Usually, the lower your score, the higher your rate is. Free Rise's Credit Score Plus service is available through TransUnion Interactive, Inc., and involves free credit alerts. If your account remains inactive for ninety consecutive days, you will be automatically un-enrolled in the program. If you wish you can be re-enrolled to continue service.

There are numerous users' reviews about this lender and most of them carry a positive character. Rise online loans are available to residents in the following states: UT, CA, AL, DE, ID, GA, IL, MS, KS, MO, ND, NM, OH, TX, SC, and WI. In order to qualify for a loan, you must be more than 18 years old, have a job or other source of income. You will also need a working phone number, an active checking account, and an email address. According to the official website, the service is not available to applicants considered to be Covered Borrowers in the Military Lending Act database. It is important to note that the amount of your loan and rates you will pay are based on your application information, what you can afford, and credit history.

About seventy HighYa readers left their reviews about Rise Credit, giving this lender an average rating of 3.1 stars. Many compliments related to quick approvals, ease of use, and solid customer support. However, there were some complaints too. They referenced mainly high-interest rates. You can also find about 17,000 user reviews on ekomi-us.com. This website gave Rise an average rating of 4.7 stars. Most compliments and complaints were very similar to those found on HighYa. At the time of our research the company had a 3.2-star average rating on CreditKarma.com with seventy testimonials, and a three-star rating among twenty-three Yelp reviewers. Rise also had an A+ Better Business Bureau rating with thirty-two reviews. Most of them related to great customer service, responsible staff who responded quickly and reasonable fees. It is a wise decision to take a look at the real users' reviews provided online.

"I allied for a loan at Rise credit and the funds came at just the right time. The whole process was fast and easy and the company's personnel shows such professionalism! When I got the money I felt like I could relax as I was able to get rid of my old debt at last. This is the only lender I would recommend to anyone who is in financial need. I felt cared and respected by the staff. Thank you again!"

"I was in need of getting a loan in order to pay off several other loans of mine. Now I can live peacefully instead of feeling like I was drowning. Rise Credit was a Godsend for me! They were my last chance. All I had to do was filling out the application on their official website. Thank you a lot. I feel much happier now and I will definitely address this company again if I need their help."

"I needed money but many other lenders denied me. Only RiseCredit agreed to give me money. I was funded the next day after I applied for a loan. They provided me approval almost immediately. It was just in time to pay my bill. I would highly recommend this company to anyone. They work very fast and professionally. This is the best way to get fast loan. Thank you so much!"

My Final Summary

Taking into account everything, it is a good idea to take out a short-term loan from Rise Credit, especially if you are in financial trouble. This company could really be a lifesaver but before sending your application, remember that short-term installment loans may have high interest rates. To learn whether the same can be said about Rise Credit, check their official website. If you often face repayment issues with your short-term loan, you could be assessed penalties or late fees. It is very important to repay your loan in time.

As with any other financial decision, you are recommended to weigh all pros and cons of a Rise Credit loan. Pay special attention to such factors as how much money you need and whether you will be able to repay your loan. Consider length of repayment and interest rates associated with your loan. In general, the overall Rise Credit customer reputation is very positive. If you need to solve your financial issues, this company is always there to help you. Taking into account all advantages and disadvantages, I can recommend Rise Credit.

Rise Credit Pricing and Rates

After you complete your application, you are expected to be approved in just a few seconds. The funds will be sent via ACH the following business day. You can be sent a paper check, but it will take about a week for delivery through the USPS. Based on the state you live in, you can repay your loan within four to 26 months. APRs range between 36% and 299%. Rise offers a five-day window during which customers can pay off their loan in full, with no fees. If your payment plan involves 24 months and more than 75% APRs, you could be rewarded with a 50% drop in your rate for future loans. You can get additional information by calling Rise Credit's customer support at 866-580-1226.