Upgrade Reviews

You are able to choose between a fixed rate and variable rate loans. There are also different term lengths you can choose between. Upgrade will usually deal with people who have a credit score of at least 560. Available loan sizes will be between $1,000 and $50,000.

Upgrade does not currently charge any early prepayment fees, but there is a 5% origination fee in place when you initially take out a loan. The origination fee is instantly deducted from the borrowed sum.

If you miss a payment, you will be charged a late fee. Generally, the max debt-to-income (DTI) ratio allowable will be 75%. If you’re consolidating debt, you will have the option to make direct payments to creditors. You will also be able to change your monthly payment due date as you see fit.

There are some great customization options available through the debt consolidation loans at Upgrade. You are able to choose how much you pay each month, which will alter the term length of the loan. The options when it comes to term lengths generally range between 24 months and 84 months, which provides plenty of flexibility.

Upgrade charges a 5% origination fee, which will be deducted from the total loan sum you get. There are also late fees in place, but you will not be charged any penalty for paying off your debt at an earlier point in time.

You can borrow as little as $1,000 and up to $50,000 through Upgrade. There are both fixed and variable rates available, while the minimum acceptable credit score will usually be around 560.