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Rise Reviews

8.6

bestfor-icon Good for people with poor credit & quick loans

andrewo
Written by Andrew Omalley

About Rise | Read More

8.5

LS Score

7.5

Credibility

9

Support

8

Accessibility

Visit Site
Opening Hours Opening Hours drop-down-btn
Mon-Fri 8am-11pm ET
Sat-Sun 9am-6pm ET
Contact Information Contact Information drop-down-btn
  • support@risecredit.com
  • (866) 580-1226
  • Headquarters: 4150 International Plaza #300, Fort Worth, Texas
Social Media Social Media drop-down-btn
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Rise Personal Loans Review

Rise is an online lender that has its base in Texas. It has been in business since 2013 and has dealt with thousands and thousands of borrowers since then. It places a particular emphasis on providing personal loans to people who have poor credit which is why the APRs tend to be quite high. There is an easy online application process, and the time to funding is pretty quick.

Rise Personal Loans Highlight

300

Min Credit Score

59.80-299%

APR. Fixed Rate

$300-$5K

Loan Amount

5-36 months

Repayment terms

Yes

Soft Credit Pull

Marketplace

Lender Type

N/A

Other Fees

None

Origination Fee

None

Prepayment Fee

1 days

Funding Time

Pros & Cons

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  • con-icon Fast funding time
  • con-icon Easy application process
  • con-icon No hard credit check
  • con-icon Accepts people with poor credit
  • con-icon High APRs
  • con-icon Doesn’t offer the biggest loan sizes

Loan Purpose

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  • Home Improvement
  • Medical Expenses
  • Other

Loan Type

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  • Unsecured Personal Loans
View rates

How to Apply

Applying for a Rise Personal loan is a straightforward process that can be completed in three simple steps:

 

How to apply Rise
Step 1

Provide your Personal information

The application process is designed to be both easy and secure. You have the control to initiate your application. By applying now, you’re taking the first step towards potentially receiving the cash you need as early as tomorrow.*

Follow these steps to initiate the process of obtaining a Rise Credit loan:

  1. Begin the application by clicking on the “Apply Now” button located on the lender’s official website.
  2. Enter essential details such as your name, phone number, and Social Security number. Proceed by clicking “Continue.”
  3. Provide additional information, including your income and address. The lender will then present any available loan offers tailored to your circumstances.
  4. Upon acceptance of a loan offer, the lender will perform a thorough credit assessment. This step, known as a hard credit pull, is conducted to finalize your approval.
  5. Typically, loans are disbursed on the next business day following approval, ensuring swift access to the funds you need.

If you’ve received a loan offer via mail, the application process might be expedited. This is because the lender may have already performed a preliminary credit assessment, known as a soft credit pull. In such cases, you’ll need to input personal information, the invitation code, and then accept the offer to proceed.

With Rise, you have the flexibility to select terms that suit your preferences. This includes payment scheduling, giving you the freedom to shape your loan repayment plan. If you decide to settle your loan ahead of schedule, you won’t face additional fees. In fact, doing so might even lead to savings on the overall loan cost.

(Please note that payment schedule options are subject to state-specific restrictions.)

Qualification Requirements

  • You are at least 18 years old.
  • You reside in a state where services are available.
  • You have a job or a consistent source of income.
  • You have an active and valid checking account (savings and prepaid accounts not accepted)

Required Information

  • Social Security Number
  • Current address
  • Zip Code 

While Rise does not disclose its minimum eligibility requirements, you can get a prequalified estimate of your loan options without a credit check.

Application Steps & Time Frames

The application process is streamlined and can be completed in a matter of minutes. Rise has a five-day risk-free guarantee. If you change your mind about the loan within five business days of receiving the funds, you can return the principal and pay no fees. Also, some borrowers can qualify for a lower annual percentage rate as they make on-time payments, although this feature isn’t available in all states.

Funds are generally available within one business day after approval.

State Availability

Available - Alabama, Alaska, Arizona, Delaware, Florida, Georgia, Hawaii, Idaho, Indiana, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, Ohio, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Utah, Washington, Wisconsin, Wyoming

Not Available - Arkansas, California, Colorado, Connecticut, Illinois, Iowa, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Pennsylvania, Rhode Island, South Dakota, Vermont, Virginia, West Virginia

andrewo
Written by Andrew Omalley facebook-icon twitter-icon

Andrew is a freelance writer who has been crafting valuable pieces of content relating to personal finance for more than five years. Previously, he studied Economics & Finance at university and he has professional qualifications relating to financial advice.

Customer Support

RISE has some of the best customer support that you’ll find in the personal loan space. It is one of the few lenders that offer seven-day telephone support. This is ideal, as it allows you to always have the ability to get in touch with the team and resolve any queries you might have.

Live chat and email support are both other options you can use to contact the team. The RISE website has plenty of information too about the different types of loans it offers and a lot of their terms.

Privacy & Security

RISE has built up a track record of success in the years it has been in business. This is reflected in the strong customer reviews you can find across various trusted sites. For example, RISE has a 4.6/5 rating on Trustpilot.

All data that is transmitted through RISE is kept secure through 128-bit TSL encryption. There are extensive protective measures in place to ward off attacks from nefarious people and groups, while Rise will not share your private data with any third party.

In Conclusion

RISE is typical of a poor credit loan provider in that the rates are high and the term lengths are short. However, it does have a fast time to funding and some top-tier customer support. There is also a low-fee structure in place, which can be of help to people who are looking to get their hands on quick funding.

Brand Disclaimer

Loan Example: A $10,000 loan with a 5-year term at 13% Annual Percentage Rate (APR) would be repayable in 60 monthly installments of $228 each. The actual payment amount and year-end balance will vary based on the APR, loan amount, and term selected. In this case the total amount expected to pay by the borrower will be $13,680