LendUp works for borrowers with bad credit, but its loans carry high prices; first consider your alternatives.
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The line that is bottom Multiple loan alternatives for bad-credit borrowers, but prices is often as high as pay day loans.
A similar loan product to review LendUp, NerdWallet collected more than 30 data points from the lender, interviewed company executives and compared the lender with others that seek the same customer or offer. Loan terms and charges can vary by state.
When to think about: a final resort in a real crisis once you’ve exhausted other available choices.
LendUp is an online loan provider that makes tiny loans — both single-payment and installment loans — to borrowers with low fico scores. The business calls it self a safer option to pay day loans as it provides borrowers paths to construct credit to get reduced prices. […]