About Bankrate Score
Whether you need money to consolidate credit card debt, make some home improvements or make a large purchase, an Achieve (formerly known as FreedomPlus) personal loan can help you do it.
About Bankrate Score
Whether you need money to consolidate credit card debt, make some home improvements or make a large purchase, an Achieve (formerly known as FreedomPlus) personal loan can help you do it.
Bankrate users taking out personal loans from Achieve have followed the below trends and stats:
Achieve’s loans feature competitive starting APRs and a lower rate cap than other debt consolidation lenders. It also has a low minimum credit score requirement and offers joint loans, which can help borrowers with less-than-perfect credit secure a lower rate. This, along with its multiple rate discounts can make Achieve’s debt consolidation loans affordable for fair credit borrowers and even help them save money on interest.
Quick funding
Pay off your loan early
Joint loans
High minimum loan amount
Origination fee
Only available in some states
The lender offers loans of up to $50,000 with competitive interest rates and quick approvals that can get the money in your account in as little as 24 hours. Depending on the size and length of your loan, though, you may be on the hook for an origination fee of up to 6.99 percent. Here’s what you need to know about Achieve personal loans before you apply.
Before applying for a personal loan with Achieve, ensure you meet the following eligibility criteria:
Achieve doesn’t disclose usage limitations for personal loans. However, its website does state these loans are commonly used to consolidate debt, refinance high credit card balances, finance big-ticket purchases, cover home improvement expenses, pay for medical and moving expenses, fund vacations and more.
Happy Money’s loans feature similar loan amounts and repayment terms to those offered by Achieve. However, Happy Money’s loans are limited to credit card debt consolidation. Achieve’s loans, on the other hand, can be used to consolidate different types of unsecured debt or to make purchases. This makes Achieve’s loans more versatile when compared to Happy Money’s.
Upgrade’s application process is smoother than Achieve’s — you can complete it fully online, instead of having to go back and forth with a consultant over the phone or email. However, when it comes to rate discounts, Achieve has more to offer than Upgrade, which can make its loans more affordable.
There are many features of Achieve personal loans that attract consumers, but drawbacks should also be considered to make an informed decision.
Customer support is available by phone at 800-920-0045. You can speak with a representative Monday through Friday from 6 a.m. until 8 p.m. MT and on Saturday and Sunday from 7 a.m. until 4 p.m. MT.
Applying for a personal loan with Achieve is quick and easy, just follow the steps below when you’re ready.
Besides personal loans, Achieve offers a debt resolution program for those struggling with multiple types of unsecured debt. This program allows you to get out of debt faster, while potentially saving money on your outstanding balances.
Achieve is also one of the few lenders that offers multiple rate discounts. These include a discount for adding a qualified co-borrower, as well as one for showing proof of retirement assets and another one if you allow the company to pay to your creditors directly.
Achieve doesn’t charge an application fee or prepayment fee, so you don’t have to worry about a penalty if you pay off the loan early. There is, however, an origination fee of 1.99 percent to 6.99 percent.
Overall Score | 4.7 | Explanation |
---|---|---|
Availability | 4.8 | Achieve offers quick approval and funding, but its minimum loan amount is high. |
Affordability | 4.6 | Achieve's minimum APR and fees are not unreasonable, though they are higher than similar lenders. |
Customer Experience | 4.9 | You can apply for your loan completely online, and Achieve offers customer service on weekends. |
Transparency | 4.6 | Not all credit requirements are listed, but Achieve offers prequalification. |
To select the top personal loan lenders, Bankrate considers 20 factors. These factors include credit requirements, APR ranges, fees, loan amounts and flexibility to account for a wide range of credit profiles and budgets. Bankrate reviewed over 30 lenders and gave each a Bankrate rating, which consists of four categories:
Editorial disclosure: All reviews are prepared by Bankrate.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the lender’s website for the most current information.