As a direct lender which offers installment loans to borrowers, RISE is a place of benefits. Especially, if a borrower avails a second or even third loan after paying back the previous loan/s, then the APR rates are significantly low. It reports the payments to the credit agencies, which also helps boost the credit status of the borrowers. However, In some states the term is very less, borrowers might want to have longer terms for such installment loans.
At the moment, in various US states, RISE offers only installment loans online. The product is one, but in different states the amounts, the terms and the APR rates are different. However, the maximum that is available in some stares are- $5,000 up to maximum 26nmonths with a lowest APR of 36%. If the borrower wants to return the loan principal or paybacks in 5 days, then no additional fee I s charged.
Rise Credit Loan Features:
Loan Application Information
Terms of Repayment:
The payments are scheduled biweekly, so per month there would be 2 payments. There is no provision of any additional fee, if a customer repays before due time. During the loan period, borrowers also get credit score updates. Successful payments can bring additional financial benefits to the borrowers as RISE provides next loan with even a less APR rate, as lowest as 36%. An extension also is provided for maximum 7 days in special cases, if borrower misses a payment. You also can refinance your loan if you qualify.
RiseCredit Customer Service:
RISE has a FAQ page which gives detailed information about the nature of the loan and their service. A borrower is expected to satisfy his or her curiosity there. Even then, they have customer support. One can make a call during specific hours, post mails, or fax on the number given on their portal. You also can send your message on the website itself.