RISE Credit

RISE Credit is a lending company that provides small personal loans with fast funding but high interest rates. Such loans are commonly used for unexpected expenses, like a medical bill or urgent car repair. RISE Credit offers loans from $500 to $5,000, which you can repay over 4 to 26 months.

Pros

• Bad credit is ok
• No origination fees
• No prepayment fees
• No collateral requirement
• No late fees
• Fast funding

Cons

• Very high APRs: 60% – 299%
• Relatively short repayment terms
• Small loan amounts: $500 – $5,000
• No option to pre-qualify
• Not available in all states
• No joint applications

Bottom Line

RISE loans are relatively expensive, so if your credit is fair or good, you’d better look for cheaper financing options. It’s a good idea to apply if you have bad credit or no credit. Besides, RISE Credit is not a good idea if your main goal is to build credit:

Types of loans

RISE Credit provides installment loans. These are loans that are emergency cash for unexpected expenses that you can repay with a fixed number of regular payments.

Loan requirements

To qualify for a RISE Credit loan, you need to meet a few requirements:

• Live in one of the states where the lender operates
• Be at least 18 years old (19 if you live in Alabama or Nebraska)
• Have an active and valid checking account
• Have a job or other regular source of income
• Have an email address