Choose a country
United States
Select a city
Select a city
Select language
English
Select country
Choose a country
United States
Canada
España
México
Philippines
United States
Việt nam
Казахстан
Россия
Україна
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.

Upgrade's pay off

Finanso.Multilogin™

How to Repay a loan?

There is an origination fee that will be issued one time on your total loan balance. You can locate the loan amount sent to your bank account under the "Amount Financed" on the disclosure. The disclosure is available from your personal account if you click on the "View Loan Documents" button.

The first payment on your loan will be one month after you have received the funds. It will be an automatic payment deducted from your bank account. To change the payment method, you need to log into your account and go to the "Manage Payments" menu.

You can make payments by phone by contacting the Account Servicing term through (844) 899-9931 number on the working days.

There is also an option to pay by check. You will need to state Upgrade Inc. in the "Pay to the Order of" field and provide your ID number. If you have multiple loans with Upgrade, send separate checks.

In the case of paying off a personal line of credit, you'll get your monthly statement through the dashboard, which will combine the monthly payments from your previous draws into a fixed payment.

There are late fees of up to $10 if you fail to pay in full within 15 calendar days of your payment due date.

Early payoff

You can opt to pay a loan off early in full anytime - Upgrade doesn't issue any prepayment fees.

To make payments on your loan or check your loan amount, you should sign in to your account and visit the "Manage Payments" page. Tap the "Payoff Quote" button and the date you want to pay off your loan. There will be a full payoff amount for the date you have selected on the page. Click continue and submit your payment.

You can select your payment form. It should be either ACH or check. Note that ten days of interest will be added to your payoff sum even if you make an early payment. If you have overpaid, the sum will be returned to you through your bank account via ACH or check.

If you want to make extra payments that are less than the full payoff amount, click on the "Make a payment" button.

FAQ

Will Upgrade sue me?

Upgrade will give your case to the debt settlement company in case you fail to pay off your loan. 

Can you pay an upgrade loan early?

Yes, Upgrade doesn't have any prepayment penalties, so you can opt to pay your loan in full or make additional payments. 

Can I pay to Upgrade by check?

Yes, you can either sign up for ACH payments or make your payments by check.

Financial products

Upgrade
Personal Loans
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
$1,000-$50,000
Rate
i

Effective interest rate on the product

up to 35.97%
Term
i

Loan term for the financial product

up to 84 months
Upgrade
Upgrade Bitcoin Rewards Visa®
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
Rate
i

Effective interest rate on the product

8.99%-29.99%
Upgrade
Upgrade Triple Cash Rewards Visa® card
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
$500 to $25,000**
Rate
i

Effective interest rate on the product

8.99%-29.99%
Upgrade
Upgrade Cash Rewards Visa®
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
Rate
i

Effective interest rate on the product

$0.00

Calculate loan payments in Upgrade

Upgrade calculator will allow you to calculate an approximate payment schedule for the loan

Loan amount
i

Enter the desired loan amount

USD
USD
1000 $
50000 $
Loan term
i

Specify the loan term for the calculation

months
days
24
84

What to focus on before applying for a loan with Upgrade

To ensure the lender is legitimate, check if it meets the following criteria:

How do you know if a loan company is registered?

The lending company is registered with the US Securities and Exchange Commission (SEC) and has a tax identification number (EIN). Note that tribal lending companies operate under the jurisdiction of tribal laws, and they don't have to register with the SEC. But still, tribes must act under federal consumer protection laws enforced by the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC).

According to the FTC requirement, the lending company is registered in your state, excluding tribal lenders abiding by tribal and federal laws only. That is why tribal lending companies can charge interest rates exceeding your state's maximum.

Finally, the State Attorney General can verify the registration of the lending company if you need additional proof of whether it is legitimate.

If a US lending company scams you, please report to local law enforcement, your state attorney general, CFPB, or FTC.

Finanso® also recommends

Learn the total cost of a loan, including:

It will be best to read a loan agreement carefully before signing it. If any part of the agreement seems incomprehensible, do not hesitate to ask the lender about particulars.

Remember that you don’t have to make an immediate decision when considering getting a loan. However, you must be sure that you are ready to repay following your loan documents. If the lender’s terms and conditions are uncomfortable for you, you are free to search for another proposal, as there are about 780 lending companies in the US.

What’s the difference between Upgrade and a bank?

  1. You need to have a good credit history to qualify for a credit card with a bank. In contrast, even bad credit history debtors can borrow money from US lenders with personal or payday loans. 
  2. Interest rates and annual percentage rate for a loan with an online lending company are significantly higher than with a credit card released by a bank.
  3. Applying for an online loan with a lending company doesn’t require paperwork or even visiting their office. Instead, a borrower can apply entirely online and receive money via direct deposit on the next business day.
  4. The online lending business is high-risk for investors, and their capital is not protected from unfair borrowers.
  5. A loan with legitimate loan companies for bad credit is a simple but expensive form of borrowing to resolve financial hardship.
Your comment has been added
Error
Your complaint has been recorded
Invalid username or password
comment.alert.error-reg
Please log in to like/dislike
Invalid SMS code has been entered
All Upgrade’s reviews by September 2022
Leave feedback

Similar companies

Mission Loans
19500 Jamboree, Suite 300 Irvine, CA 92612
855-959-4500
Accredited Debt Relief
9525 Towne Centre Dr, Suite 100, San Diego, CA 92121
800-497-1965
LoanMe
1900 S. State College Blvd, Ste 300, Anaheim, CA 92806
844-956-2663
Advance.Cash
PO Box 10, Parshall, ND 58770
855-259-3401
Wintrust Mortgage
9700 W. Higgins Road, Ste. 300, Rosemont, IL 60018
847-939-9500