Achieve Loans in Huntsville (AL)

Achieve
This page provides a detailed overview of all Achieve Loans in Huntsville (AL), including lending terms, interest rates and customer reviews. Compare offers and choose the best loan product for your needs.
Offers: 2
Updated:
27.03.2024
12:20
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
15000.00 – 150000.00 $
Rate
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Interest rate

10.25 – 16.50 %
Term
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Loan term for the financial product

120 months – 180 months
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
5000.00 – 50000.00 $
Rate
i

Interest rate

7.99 – 35.99 %
Term
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Loan term for the financial product

24 months – 60 months
Apply

How to Apply for an Achieve in Huntsville (AL)?

  1. Visit Website. Start by navigating to Achieve's official website to begin the process.

  2. Get Started. Click on the “Get Started” button, typically found at the top right corner of the homepage or within the section of the financial solution you're interested in.

  3. Determine Your Fit. Achieve provides a tool to help you find your best fit based on your debt amount and whether you own a home. Utilize this feature by entering your debt amount and answering the homeownership question to see which Achieve solutions might be right for you.

  4. Complete the Inquiry Form. After selecting the service that fits your needs, you will be prompted to fill out an inquiry form. This form usually asks for basic information such as your name, contact details, financial situation, and the specific assistance you're seeking.

  5. Submit Your Application. Once you have filled out all the necessary information, review it for accuracy, then submit your application. Achieve may require additional documentation to process your application, so be prepared to provide any requested information.

  6. Consultation. After submitting your application, wait for Achieve to contact you. You may be scheduled for a consultation to discuss your financial situation in more detail, explore your options, and tailor a plan that suits your needs.

  7. Review and Accept. If you're offered a solution, carefully review the terms and conditions. If everything meets your satisfaction, accept the offer to start your journey towards financial relief with Achieve.

  8. Follow Through. Once you’ve accepted an offer, follow any given instructions or next steps provided by Achieve. This may include setting up an account, using their app, or beginning payments.

Conditions and Requirements

Conditions

  1. Personal Loan Amount. The company offers loans ranging from $5,000 to $50,000. Debt consolidation from $7,500 to $100,000 and home equity loans from $15,000 to $150,000.

  2. Loan Terms. Borrowers can choose personal loan terms ranging from 2 to 5 years with monthly payments. Average debt repayment period ranges from 2 to 4 years. And flexible terms extending up to 10 or 15 years for home equity loans.

  3. Interst Rate. The loan comes with a low fixed interest rate, ensuring stability throughout the repayment period. Annual Percentage Rates (APRs) for Achieve personal loans range from 7.99% to 35.99%.

  4. Minimum Credit Score. A minimum credit score of 620 is required to qualify for the loan.

  5. Applicable Fees. Loan origination fees vary from 1.99% to 6.99%.

  6. Prepayment Penalty. Borrowers are not subjected to any penalties for making early payments or paying off the loan ahead of schedule.

  7. No Collateral. This is an unsecured personal loan, meaning borrowers do not need to provide any collateral such as a car or certificate of deposit.

Requirements

  1. Application Submission. Complete and submit an application form, which may require personal, financial, and employment information.

  2. Proof of Identity and Residence. Applicants may need to provide valid identification and proof of residence.

  3. Financial Documentation. Submission of financial documents to support the application, such as proof of income, bank statements, and any other documents that verify your financial situation.

  4. Credit Check. Consent to a credit check to evaluate your creditworthiness and financial history.

  5. Homeownership Status. For certain products like home equity loans, proof of homeownership and possibly the home's equity status may be required.

Important

Keeping your Debt-to-Income (DTI) ratio below 30-40% of your monthly income is crucial. This will help you avoid potential financial problems in the future. Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment.

How to Choose a Lender

  1. Make sure to confirm whether the lender is licensed to operate in your state. You can verify this information with your state regulator or attorney general.

  2. Check if the lender is a member of a reputable association, such as the Community Financial Services Association of America. Membership in such organizations may provide an extra level of reliability.

  3. Carefully review all the terms and conditions of your payday loan contract.

  4. Thoroughly examine the interest rates on payday loans and ensure that your contract includes a detailed breakdown of the total cost of the loan.

  5. Take advantage of your right of rescission. Usually, you can rescind the loan within three days after signing the agreement. Alternatively, there is typically a "cooling-off" period, which allows you several days to thoroughly review the contract before making an informed decision to enter into a consumer loan agreement based on the terms specified by the lender.

  6. Choosing a payday lender is a significant decision that demands careful consideration and a good understanding of how such organizations operate.

Additional Resources

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