LendUp is the newest company on our list and their services are the most expensive. But don’t let that deter you from considering it. No credit check loans and the direct lenders who offer these loans often lack transparency. This is not the case with LendUp, which harnesses technology to deliver a new level of innovation.
While most borrowers view signature loans as a last resort due to their high APRs and short repayment schedules, rest assured that you will be well taken care of if you choose LendUp’s services.
Loan conditions
Don’t let the high APR (214.13% -917.71%) or the short payback period (7-30 days) scare you. LendUp is not unreasonable with regard to the terms of reimbursement. If you can’t make your loan payment on time, you can get an extension or enter into a payment plan. Either way, getting short term loans online without credit check from LendUp is not as perilous as it might seem at first glance.
If you make back-to-back payments on time, you’ll earn points that eventually lead to lower APRs and larger loans. Leading members of the LendUp Rewards program are entitled to an added benefit: the company will report its responsible financial behavior to all three credit bureaus. Unfortunately, the LendUp Ladder program is not available in all states.
You will not encounter any additional costs. Just focus on paying off your principal by making quick monthly payments, which should be between $ 100 and $ 255.
Eligibility
Now that we have clarified the terms of your potential no credit check online loans, we need to let you know the requirements. Of course, you must be 18 years old and you must have an active checking account. Additionally, you must reside in a state where LendUp operates. Unlike what you read in online discussion forums, you don’t need to be on active military service.
Funding request and time
One thing that makes this lender attractive is the speed at which they process loan applications. After filling out a short inquiry form, you will instantly receive a response.
LendUp has optimized its services for speed, so you shouldn’t be surprised to see funds deposited into your account in just one business day.
Privacy and Security
All legitimate loan companies have exceptional security standards, and LendUp is no different. It uses 128-bit SSL encryption which means you have nothing to worry about.
As is often the case with quick money lenders, user reviews are mixed. But that doesn’t mean the business is a sham. Most negative reviews were written by customers who didn’t expect high APRs. With our advice, you will be prepared.
Reasons for applying:
- Good rewards program
- Improved credit rating
- Loan extensions and payment plans
