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LendingPoint

Logo

Rating

4.5/5

LendingPoint

Pros

  • Fast Funding Speed: Offers next-day funding with automated approval decisions in seconds

  • Credit Flexibility: Accepts credit scores as low as 580

  • Payment Adaptability: Allows borrowers to change payment dates once per year after loan closure

Cons

  • High Fee Structure: Charges up to 10% origination fee with no option to waive it

  • Limited Loan Options: No co-signed, joint, or secured loans available for better rates

  • Reporting Limitations: Only reports to two of three major credit bureaus

image-6383b5c932392b28dfe7d0eb88c7c89acad470a5-400x400-png

LendingPoint

Logo

Rating

4.5/5
Learn More