Lender
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.

3.6
(22 Ratings)

Rise Credit PayOff

Advertiser Disclosure

Repayment of loan

Rise has various options to make payments on your personal loans. You can opt for the most convenient one for you based on the loan term stated in your agreement.

ACH Payments. If you choose to receive the funds through an electronic deposit, the payments will be debited from your checking account.

Debit Card Payments. This option is only for one-time payments. The payments conducted by 10 pm ET will be processed the same day, after 10 pm ET - the next business day. To pay with the card, you need to log in to your account and select 'Make a Payment.'

Check Payments. You can pay back by checks mailed to the Rise address, which is stated on the website.

Rise doesn't have prepayment fees and even encourages borrowers to pay off the loan amounts early. Though, if you cannot make on-time payments, you need to contact Customer Support. The Rise can extend the payment period for a few days. If you miss a payment, Rise doesn't have a late fee, but the charges will accumulate on your account.

If you paid the loan back and want to get a new personal loan from Rise, you can receive a lower APR. To qualify for lower interest, you will need to make the payments on time for the previous loan. If you meet the schedule, the APR can be reduced by 50%.

Refinancing a Loan

There is an option to refinance your loan with Rise. Refinancing may help to pay off the existing loan and save money. Applying for it won't hurt your credit score. Once Rise approves you, you will get a notification by e-mail.

Once you get approval, you will get a new loan. It will be used for paying back the existing loan. When the loan amount is covered, Rise will send the remaining sum back to you.

The amount you can qualify for is at least the same as the one you received from your previous loan. Some borrowers can take larger loans depending on their finances. The APRs, loan amounts, and loan terms will likely differ from what you received from your previous application. The complete information on your loan will be provided in the new agreement.

FAQ

Can I pay off Rise Credit early?

Yes, you can pay the Rise loan early. The company doesn't charge any prepayment fees and even encourages borrowers to pay their debts earlier.

Will Rise Credit sue you?

Rise sells its debts to collection agencies. The lawsuit, therefore, may follow from a third party.

Offers
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.

3.6
(22 Ratings)
Recommended FinScore™
0
300
650
1000
500.00 – 5000.00 $
Rate
i

Interest rate

60.00 – 299.00 %
Term
i

Loan term for the financial product

7 months – 36 months
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Recommended FinScore™
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100.00 – 20000.00 $
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Interest rate

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Loan term for the financial product

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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™
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300
650
1000
2000.00 – 100000.00 $
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Interest rate

6.34 – 35.89 %
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Loan term for the financial product

2 months – 72 months
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™
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300
650
1000
100.00 – 4000.00 $
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.

4.25
(20 Ratings)
Recommended FinScore™
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650
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Interest rate

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Rise Credit reviews 2024
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2
Cons
This company is terrible to deal with due to a loan issue that wasn't approved from the customer's end in the first place. I strongly advise against obtaining a loan from this company.
Complain
2
Cons
During the loan application process, I didn't come across any documentation that indicated my payments would be automatically withdrawn from my account. Additionally, I wasn't aware that my monthly payments would occur every other week. This situation has put me in a more challenging financial position than before. I am unable to manage bi-weekly payments of $123, as I initially believed this was a monthly payment arrangement. This has left me in a difficult situation.
Complain
4.6
Pros
I've been a customer of Rise for nearly two years now, and I've never encountered any problems when needing emergency funds. Just this month, after making my payment, I faced another emergency and was swiftly approved without any hassles. This has been a valuable way for me to work on rebuilding my credit.
Complain
4.4
Cons
Rise consistently fails to provide accurate balance information, often being several months behind and displaying random amounts. Unfortunately, they have been unresponsive and unhelpful when I've brought this issue to their attention.
Complain
4.2
Pros
The simplicity of the entire process made it a breeze. The funds appeared in my account the following business day, and this loan allowed me to consolidate my credit into a single payment, which I appreciated. I was also pleased that I wasn't inundated with phone calls. The overall experience has left me with a positive impression, and I would return if the need arises in the future.
Complain
4.6
Pros
Obtaining a loan swiftly and effortlessly was quite beneficial. The company provides ample information to guide you through the process and understand what steps to take.
Complain
2
Cons
I required additional funds urgently for an emergency situation. However, the interest rates offered by this company are incredibly high. I would not consider taking out another loan with them in the future.
Complain
4.6
Pros
Rise came to my rescue in a pinch. The application process was refreshingly simple and straightforward, in contrast to the lengthy and intimidating applications of some other credit providers. Their decision came back exceptionally fast, and the deposit was in my account a day earlier than anticipated. What's great is that they offer an affordable payment plan, with the flexibility to pay off the loan sooner and save on interest.
Complain
4.6
Pros
I had an excellent experience with Rise. I submitted my application, was swiftly approved for the loan, and had the funds deposited into my bank account just two days later. Despite my credit history, they provided me with a fantastic interest rate and a repayment schedule that suits my needs. I anticipate being able to fully repay the loan in just 7 months, which is a highly favorable arrangement for me.
Complain
4.8
Pros
I'm a big fan of using Rise for my loan requirements. The payments are affordable, and they are quite flexible when assistance is required. If you consistently make your payments on time, you even have the option to renew your loan or request additional funds.
Complain
Company rating
3.6
/ 5
22 reviews
Application
3.9
Support service
3.6
Mobile App
3.5
Service quality
3.6
Your satisfaction level
3.5
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