Upgrade
Learn more
in our Bankrate review
Bankrate’s take
Upgrade offers fast approvals and funds loans as soon as one day after approval for borrowers with scores as low as 580. It’s also one of the few fair credit lenders to offer an 84-month term, which could help keep your $35,000 loan payment more affordable than the standard 60-month options offered by other fair credit lenders. However, Upgrade’s 35.99 percent rate cap and origination fees of up to 9.99 percent make it one of the more expensive options for a higher loan amount.
Pros
- Accepts bad credit
- Debt consolidation rate discount
- Co-borrowers allowed
Cons
- High maximum APR
- Origination fee of up to 9.99 percent
