LendUp is a front line direct lender which provides short term installment loans and single payment loans. Apart from that, it has credit card service for people without any prior credit history. One can either apply for an installment anytime while in emergency, or can have a credit card, so don’t even have to apply for a loan. The loan process is completely paperless, and doesn’t need credit check. Especially with needs concerning education are prioritized by LendUp, which can be helpful for the students and their parents.
The services of lendUp focuses primarily three areas.
- Access to quality credit cards and loans for everyone qualified.
- Credit building for long-term benefits
- Credit education in order to assist those who need resources that are specifically designed.
A short term installment loan, single payment loan or a credit card can be applied any time from a device with internet and the processing starts quickly, which ends on a positive note. LendUp is good at keeping information secure with up-to-date technology, and maintains a paperless proceeding. They would ask your permission if any disclosure is required. Their installment loans, like any other lender would be automatically credited and the loan amount +interest would be deducted from the account on the payment date- which is on the basis of installments. Same with one payment loans.
LendUp Loan Features:
Loan Application Information
Terms of Repayment:
At LendUp, the terms for payday loans varies from 7 to 30 days, and the installment loans can be borrowed for a maximum 12 months. To extend the payment time, you can approach them by writing an email before the payment day for both types of loan. Additional fee will be charged by lendUp. There is also an administrative fee they charge on every loan apart from the interest. The interest amount for $1000, for example, is nearly $130 which can be paid in 12 installments/ repayments. However, in case of insufficient payment funds in your bank account, you are charged a NSF fee of $15 on one payment loans and $10 for installment loans on each returned payment. They also have a dedicated customer service team to help people with more information.
LendUp Service Support:
Apart from FAQ page, LendUp has a “consent to disclosure” page where there is information about your personal details asked in the application and their usages. It is advisable to go through before applying for a loan or card. Apart from that, they have an email address, email@example.com, to hear customers issues and complaints. They also have a phone number for urgent contact on their website.