LendingPoint Personal Loans: 2024 ReviewCheck Your Rate
Overview of LendingPoint
Pros and Cons of LendingPoint
Pros of LendingPoint
Cons of LendingPoint
LendingPoint Personal Loan Terms, Rates, and Fees
Who May a LendingPoint Personal Loan Be Right For?
Consumers with poor credit who need subprime personal loan funding Consumers looking for quick $4k loans Borrowers who prefer fast funding from a legitimate lending platform rather than a loan shark Consumers who need to borrow a small $2,000 personal loan
Who LendingPoint May Not Be Right For
Consumers who need to borrow large personal loans of up to $100K Couples or partners who prefer joint personal loans Borrowers who don’t want to pay origination fees and daily simple interest on a personal loan Consumers who prefer open-end credit vs. closed-end credit
What to Watch Out for With LendingPoint Personal Loans
These quick personal loans may charge APRs as high as [LDC_PL_lendingpoint_maxApr]% Minimum loan amounts in some states may exceed $3,000 Failing to pay and defaulting on a personal loan can have a major impact on your credit score
LendingPoint Personal Loan Eligibility Requirements
At least 18 years of age Have proof of identity Have a Social Security number Have a minimum annual income of $35,000 Have a verifiable personal banking account in your name Not reside in Nevada or West Virginia
Repayment Options for LendingPoint Personal Loans
Enrolling in autopay Making one-time payments via LendingPoint’s mobile app or your customer portal Mailing a money order, cashier’s check, or certified check payment
How to Apply for a LendingPoint Personal Loan
Apply online. Get started by answering basic questions on a digital platform, including your loan purpose and how much you would like to borrow. This allows you to check whether you have any prequalified loan options from LendingPoint. Seeing your loan options won’t affect your credit score, but applying for one may trigger a hard inquiry that can cause your credit score to drop by several points. Verify information. LendingPoint may request that you provide supporting documents for verification purposes, such as proof of income. Pay stubs, bank statements, or W-2s may serve as proof of income. LendingPoint may also request proof of identity. Accept the loan. Approved applicants can sign and accept the loan offer at this stage. Borrowers may receive their personal loan proceeds within one business day. You can check your bank account to confirm receipt of the proceeds.
Alternatives to LendingPoint 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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