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Achieve Personal Loans: 2024 Review

Updated on May 4, 2024

At a glance

Bankrate 2024 Awards Winner: Best personal loan for debt consolidation

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Check rate with Bankrate
Rating: 4.7 stars out of 5
Bankrate Score
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Rating: 4.8 stars out of 5
Rating: 4.6 stars out of 5
Customer Experience
Rating: 4.9 stars out of 5
Rating: 4.6 stars out of 5

About Bankrate Score

Bankrate's take: When it comes to consolidating debt, Achieve is a top lender for borrowers with fair credit thanks to its low credit minimum and perks, like direct payment to creditors. 

Lender Details


Loan amount

$5,000 to $50,000


APR from

8.99% to 35.99%

Clock Wait

Term lengths

24 to 60 months

Credit Good

Min Credit Score



Bankrate user stats for Achieve

Bankrate users taking out personal loans from Achieve have followed the below trends and stats:

  • Average funded loan amount: $25,365
  • Average funding time: 3.2 days
  • Amount of loans funded through Bankrate since 2022: 128
  • Popular loan purpose trends: 75% of Achieve borrowers on Bankrate take out personal loans to consolidate debt, more than any other loan purpose.

Achieve is best for borrowers with fair credit who want to consolidate debt 

Achieve has one of the lowest minimum credit score requirements available. Plus, it offers joint loans, which can help borrowers with bad or fair credit qualify and potentially receive a lower rate. 

These factors alongside Achieve's multiple rate discounts can make its loans more affordable and accessible for fair-credit borrowers who might not qualify for other consolidation products, like 0 percent APR balance transfer cards.

Achieve personal loan purposes

Achieve doesn’t disclose usage limitations for personal loans. However, its website does state that its 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.

Where Achieve personal loans stand out 

  • Multiple rate discounts: People may be eligible for a co-borrower discount, retirement savings discount or debt consolidation discount. Each has a number of requirements to qualify, but are fairly accessible.
  • Pay your creditors directly: You can skip the hassle of receiving the funds only to immediately send them back out to other creditors by having Achieve pay them directly.
  • Joint loans: Unlike some online lenders, Achieve allows you to add a co-borrower to your loan, which may increase the likelihood of you being approved — and getting a better rate. 

Where Achieve personal loans fall short 

  • High minimum loan amount: The minimum amount you can borrow is $5,000 — $11,000 in Arizona — which is considerably higher than the minimum amounts for similar lenders.
  • Origination fee: Depending on your loan amount and repayment terms, you may be charged an origination fee between 1.99 percent and 6.99 percent, which is deducted from the loan proceeds. 
  • Limited availability: Unlike many online lenders that have nationwide availability, Achieve's loans aren't available in every state. Call a customer service representative or prequalify to make sure you reside in an eligible state. 

Achieve customer experience 

Customer support 

Customer support is available by phone Monday through Friday from 6 a.m. through 8 p.m. MT and on Saturday and Sunday from 7 a.m. through 4 p.m. MT. It also offers an online messaging option through the website. You'll select the topic you have a question about and leave the specifics of it along with your contact information within the form.

Digital experience 

The application and prequalification process is housed on the lender's website and is completed online, comparable to other lenders in the space. Achieve also offers financial and debt management resources, including a debt-to income calculator, free mobile apps and a number of online financial tools, articles and resources.

Achieve stands out among lenders for its educational resources. However, the online customer service department is lacking when compared to other lenders. It partially makes up for this by offering a personal loan consultant that can help you through the entire application process. 

What people are saying about Achieve 

As of May 2024, Achieve has over 10,800 reviews on Trustpilot and a 4.9 rating out of 5 stars. Most of the positive reviews praise the lender's customer service and time to funding. A number of customers even call out the specific loan specialist they worked with.

Many of the negative reviews raise concerns about the approval process in general. Of the comments about the approval process, many were about the prequalification process — specifically not getting approved or getting a higher rate than expected.

How this lender compares

Rating: 4.7 stars out of 5
Bankrate Score
APR from
8.99% to 35.99%
Loan Amount
$5,000 to $50,000
Term Length
24 to 60 months
Min Credit Score
Rating: 4.6 stars out of 5
Bankrate Score
APR from
Loan Amount
Term Length
24 to 60 months
Min Credit Score
Rating: 4.7 stars out of 5
Bankrate Score
APR from
8.49% to 35.99%*with autopay
Loan Amount
Term Length
24 to 84 months
Min Credit Score

Achieve vs. Happy Money 

Happy Money’s loans feature similar loan amounts and the same minimum and maximum repayment terms to those offered by Achieve. However, Happy Money’s loans are limited to credit card debt consolidation. Achieve's loans can be used to consolidate different types of unsecured debt or to make purchases, making Achieve the more versatile option. 

Read a full comparison of Achieve vs. Happy Money

Achieve vs. Upgrade 

Upgrade’s application process may be smoother than Achieve’s if you don't need personalized help. With Upgrade, you can complete the application by yourself at your own pace instead of having to go back and forth with a consultant over the phone or email. Even though Upgrade does have a slightly lower minimum APR at 8.49 percent, Achieve can still come out as the more affordable option due to the multiple rate discounts available. 

Read a full comparison of Achieve vs. Upgrade

Do you qualify for an Achieve personal loan?

Achieve doesn't disclose every detail required for approval, but it does state that borrowers must have a credit score of at least 620 and live in a qualifying U.S state. If you prequalify and would like to move forward with the application process, you may be asked to provide the following details:

  • Proof of income.
  • Social Security number. 
  • Proof of identity.
  • Employment status.

How to apply for a personal loan with Achieve 

Achieve's application process is a little different from most online lenders. You'll get a quote as normal, but to finalize your application you'll work with a personal loan consultant.

  1. Get a quote: You can prequalify online through the Achieve website or by calling a loan consultant. To start the process, enter your loan amount and purpose and then your state to check if the lender operates where you live. If it does, you’ll need to provide your name, employment status, income level, address and date of birth to prequalify.
  2. Add information and finalize your application: If you prequalify, you’ll be given a phone number so you can speak with a loan consultant to complete the application process, which will require a hard credit check. Achieve also notes that you can complete this process over email.
  3. Review the loan details: If you’re approved, you’ll need to provide a valid ID, income and bank account verification and sign the loan contract to complete the process. Funds will then be sent to you or directly to your creditors.

How Bankrate rates Achieve 

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 qualification requirements are listed, but Achieve offers prequalification.


Bankrate's trusted personal loans industry expertise


years in business


lenders reviewed


loan features weighed


data points collected

Bankrate considers 20 factors when reviewing lenders. Credit requirements, APR ranges, fees, loan amounts and flexibility are all taken into account so that ratings are representative of how competitive lenders are for a wide range of credit profiles and budgets. The Bankrate Score for personal loans consists of four categories:

  • Availability: What the minimum loan amounts are, its eligibility requirements and loan turnaround are considered in this category.
  • Affordability: The interest rates, penalties and fees are measured in this section of the score. Lower rates and fees and fewer potential penalties result in a higher score.
  • Customer experience: This category covers customer service hours, if online applications are available, online account access and mobile apps.
  • Transparency: This category is measured by how accessible credit requirements, rates and fees are on the lender's page. We also considered whether prequalification was available, as all these factors are key for consumers to make an informed decision.

Editorial disclosure: All reviews are prepared by 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.