Affiliates and non-affiliates of Achieve Loans, a marketing lead generator for affiliates and non-affiliates, can use a number of mobile apps to view, analyze, and keep track of their finances. They advertise their services at achieve.com.
- 25th best financial firm, USA (INC Magazine)
- Minimum Debt $7,500
- $ 3 Billion Plus Debt Resolved
- BBB A+ Rating & Accredited
- $300 Million Debt Settled
- $8,000 Minimum Debt
Summary
As a result, there is now a greater variety of options available to those who want to take out a loan than ever before. Consumers have more choices now, which can be both a good and bad thing since it can make the loan selection process more confusing. It is possible to find the right loan for your needs by researching and comparing different offers from multiple lenders. There has been a recent increase in the popularity of Achieve Loans. Do you think this is the right choice for you?
The followings are the terms and conditions that I found after looking at their website. These are the key points that caught our attention.
- With this lender, you will be able to obtain a fixed-rate personal loan with an APR ranging from 7.99% to 29.99%.
- Residents of all states are not eligible to apply for loans.
- A personal loan can be obtained for as little as $5,000 and as much as $50,000.
- In most cases, repayment can be made within 24 to 60 months.
- Loans are available to applicants with credit scores up to 850.
- Affiliates and non-affiliates use it to generate marketing leads, and affiliates use it to broker loans and debt resolution services.
Achieve Loans: What Is It?
Financial assistance may be available through Achieve Loans. The San Mateo-based company has offered loans in 40 states (and Washington, DC) since 2002. The company can be reached at (800) 220-7791.
With an A+ rating from the Better Business Bureau (BBB) since 2021, Achieve Loans has been accredited by the BBB since 2021. It is the BBB’s responsibility to report on government actions that relate to the actions that a company has taken in the marketplace. In the last three years, the company has received 1,537 customer reviews and resolved 24 complaints.
How Does It Work?
Achieve.com specializes in loan and debt resolution services as well as marketing lead generation. Additionally, they provide mobile apps for consumers to view and analyze their finances. However, they do not make credit decisions, originate loans, process consumer loans or bill payments, or provide any other financial services.
There may be different eligibility restrictions, application processes, credit score requirements, loan amounts, loan terms, lender approvals, and credit usage and history associated with different loan and rate terms. Loans may not be available to residents of some states. Legal restrictions may determine the minimum amount that you can borrow in your state.
How To Qualify For Achieve Loans
For those with at least a 620 credit score, Achieve Loans might be an option. To qualify, you must be at least 18 years old, or the state’s minimum age. There is no minimum income requirement, but people who want to borrow money must be able to pay it back. With a co-borrower, it may be possible to get a loan with lower interest rates or meet other requirements.
Obtain Personal Loans offers its services to residents of the US and permanent residents (green card holders). The following documentation may be required of applicants:
- Maintaining an active and valid personal checking account
- Pay stubs from the past few months
- Income proof
- License to drive
- Photo identification issued by the government
- Citizenship or residence permit proof
Achieve Loans Reviews
Founded in 2021, Achieve Loans is a Better Business Bureau-accredited company. The company has an average of 1,537 customer reviews, and the Better Business Bureau has given it an A+ rating. During the past three years, 24 complaints have been resolved by the company.
There are several actions by the government that affect the conduct of businesses in the marketplace that BBB reports on.
Here are some reviews:
Rachel K 12/09/2022
Wanda R 11/26/2022
Nellie M 11/16/2022
FAQs
How Much Does This Company Charge?
According to your state, personal loans start at $5,000 and can go as high as $50,000. Additionally, these loans come with APRs between 7.99 and 29.99, repayment periods from 24 to 60 months, and loan origination fees varying from 1.99% to 6.99%, most loans have 4.99%. The monthly payment for a four-year personal loan of $20,000 with an APR of 18.34% would be $561.60, and the total cost would be $27,948.13.
Personal loans with a 7.99% APR are available to borrowers with excellent credit and a term of 24 months. You may qualify for a lower rate if you qualify for a personal loan with a co-borrower with sufficient income, use at least eighty-five percent (85%) of the proceeds to pay off qualifying existing debt, or show evidence of sufficient retirement savings. Last but not least, funding times can vary depending on individual circumstances and are only estimates.
Is There A Penalty For Prepayment?
In terms of origination and late fees, Achieve Loans does charge them. However, it does not charge prepayment fees, meaning that you are not penalized if you pay off your loan early. Because of this, it is a great option for borrowers who are looking for the flexibility to pay off their loans on their schedule.
How Does It Affect Your Credit?
Understanding both the process and how your credit score may be affected when applying for a loan is essential. It is common for lenders to conduct a soft credit check during the initial stages of the application, which will not affect your credit score. To determine your final rates, the lender will make a hard credit inquiry once you have decided to go ahead with the loan application. You may see a negative impact on your credit score as a result of these hard inquiries.
How To Cancel Achieve Loans
Having confidence in your decision before taking out a loan is essential. The funds cannot be refunded once they have been deposited into your account, so make sure you double-check everything beforehand.
Trying to make ends meet can be a challenge during hard times, but there are some things you can do so that you can get back on track.
- Maintaining a budget that works for you is important. It will help you stay on top of your finances and improve your prospects for the future.
- It is also a great idea to consult with a financial advisor who can explain your options and set up a plan customized to your needs.
- Also, avoid over-stressing about debt. Customers can often create a more manageable payment plan with the assistance of a company that understands their needs. Getting more information is as simple as contacting their customer service department.
Achieve Loans: A Deep Dive into its Financial Stability and Prospects
With a proven track record of generating marketing leads since 2003, Achieve Loans is one of the leading platforms that connects affiliates and non-affiliates with businesses offering loans and debt resolution services. The Better Business Bureau has awarded the company an A+ rating, and they have been accredited with the organization since 2021. Sad to say, the BBB doesn’t tell people about any government actions that affect how businesses act in the marketplace.
There can be significant differences between lenders when it comes to interest rates and repayment terms. For this reason, you should compare offers from multiple lenders to find the best deal. You may be able to find a lender that meets your needs by checking out the reviews posted by customers.
