Achieve (Formerly FreedomPlus®) Personal Loans: 2024 ReviewCheck Your Rate
Overview of Achieve (Formerly FreedomPlus)
Pros and Cons of Achieve
Pros of Achieve (Formerly FreedomPlus)
User-Friendly Online Prequalification
Same-Day Loan Approval
Multiple Repayment Options
Interest Rate Discounts
Cons of Achieve (Formerly FreedomPlus)
Can’t Complete Loan Application Online
Not Available in All States
Not Ideal for Borrowers Who Need Small or Very Large Loan
Achieve Personal Loan Terms, Rates, and Fees
Who May an Achieve Personal Loan Be Right For?
Borrowers who want to consolidate debt. Those who need a personal loan for debt consolidation have the option to apply the funds directly toward debt payoff with existing creditors. And they can get a discounted rate from Achieve for doing so. Borrowers who want the flexibility to be able to pay off their loan early. Achieve charges no prepayment penalty. Borrowers who need personal loan funds quickly. Achieve provides a same-day decision on loan approval, and you may be able to get the funds within 48 hours.
Who Achieve May Not Be Right For
Borrowers who don’t live in a state served by Achieve. Achieve personal loans are not available in all states. Borrowers who want to avoid fees. Achieve charges an upfront origination fee. Some lenders don’t charge an origination fee, which may make Achieve personal loans more costly. Borrowers who need to borrow a small sum or a large sum. Achieve personal loans generally range from $10,000 to $50,000. If you require a smaller or larger loan, you’ll need to find another lender.
What to Watch Out for With Achieve Personal Loans
Before moving forward with an Achieve loan, calculate how much the origination fee will cost you, and how it affects your budget. Achieve personal loans are available in a limited number of states. Be sure to check if yours is one of them. Be prepared to discuss your personal loan needs with a loan consultant, and provide additional documentation, if necessary.
Achieve Personal Loan Eligibility Requirements
Minimum credit score. 620 Income requirements. Not disclosed Maximum debt-to-income ratio. Not disclosed Cosigners allowed? Yes Co-borrowers allowed? Yes
Repayment Options for Achieve Personal Loans
How to Apply for an Achieve Personal Loan
Select a loan amount and purpose for the loan. Choose from the drop-down list. Enter your state. If your state isn’t served by Achieve, you’ll get a notification. Enter your personal information. You’ll need to provide your first and last name, email address and a valid phone number. Employment information. The next few steps ask about your employment, including your employment status, and your annual income that is verifiable. Include your co-borrower’s income (optional). If you want to add a co-borrower to your loan, add their income, if applicable. Enter your ZIP Code™ and address. Provide your residential address as recognized by the U.S. Postal Service. Enter your birth date. Provide your birth date and then click “Continue” to allow Achieve to conduct a soft credit pull to determine your prequalification. This step won’t affect your credit score. Speak with an Achieve loan consultant. If you’re prequalified, a loan consultant will reach out to you to discuss your borrowing goals, eligibility, and rate discounts that might apply. If you’d like to move forward with an application, you’ll need to submit a full application and Achieve will perform a hard credit inquiry.
Alternatives to Achieve Personal Loans to Consider
Bankers Healthcare Group (BHG Money) personal loans LendingUSA personal loans LightStream personal loans PenFed personal loans The Payoff Loan™ personal loans Upstart personal loans
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