Is LendUp not doing loans anymore?
Is LendUp not doing loans anymore?
LendUp agreed to stop making loans to resolve a lawsuit filed by the bureau earlier in 2021. The loans it offered were small — usually a few hundred dollars — with interest rates that reached as high as 1,250%. You can find small loans with lower rates at other online lenders, credit unions and banks.
How long does LendUp take to confirm?
LendUp will typically provide a decision on your application within 1 to 2 business days (both for approval and funding}.
Does LendUp verify income?
LendUp needs information such as your address, income, and Social Security number. You need a checking account that can accept electronic transfers. In some states, you may have to provide documentation to verify your income.
How do I contact LendUp?
Call toll-free 1-855-253-6387 Monday through Friday between 8 A.M. and 5 P.M.
What states is LendUp available in?
LendUp loans are available in California, Louisiana, Mississippi, Missouri, Tennessee, Texas and Wisconsin. Take note that the maximum loan amount you can borrow will depend on your state laws, eligibility and other factors. Here are some things to keep in mind before you apply for a LendUp loan.
What states does LendUp loan to?
What is the most you can borrow from LendUp?
LendUp is an online lender that offers unsecured loans starting at $100. The company offers two distinct products: single-payment loans, which are similar to payday loans and have a maximum amount of $255-$300, and installment loans, which have a maximum of $400.
What states does LendUp operate in?
Limited availability: LendUp is available in only seven states: California, Louisiana, Mississippi, Missouri, Tennessee, Texas and Wisconsin. High APRs: LendUp’s APRs vary by state, but the lowest rate for an installment loan is currently 70.6 percent.
Where is LendUp located?
LendUp is a limited-liability company headquartered in Oakland, California.
