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Achieve.com, a marketing lead generator for affiliates and non-affiliates, also offers mobile applications that allow consumers to view and analyze their finances. It advertises its services at achieve.com.
When it comes to taking out a loan, there are now more options available than ever before. This can be both a good and a bad thing, as while it gives consumers more choices, it can also confuse the process of choosing a loan. However, by researching and comparing different offers from multiple lenders, you can be sure to find the right loan for your needs. Recently, Achieve has been gaining popularity. But is this the right choice for you?
After taking a closer look at their website and terms and conditions. Here are the key points that caught our attention.
- It offers a fixed APR personal loan that ranges from 7.99% APR up to 29.99% APR.
- Loans are not available to residents of all states.
- Personal loan amounts start at $5,000 and go up to $50,000.
- Repayment periods range from 24 to 60 months.
- Applicants with a credit score of at least 620 and up to 850 may be eligible for loans.
- It operates as a marketing lead generator for affiliates and non-affiliates, and as a broker for loans and debt resolution services offered by its affiliates.
What is Achieve Personal Loans?
Achieve Personal Loans could be an option for those in need of financial assistance. Founded in 2002, this nonbank financial services provider is based in San Mateo, CA, and offers loans in 40 states (and Washington, DC). You can contact the company by calling (800) 220-7791.
Achieve has been accredited by the Better Business Bureau (BBB) since 2021 and currently has an A+ rating. The BBB reports on known government actions that involve a company’s marketplace conduct. The company has an average of 1,537 customer reviews and 24 complaints closed in the last 3 years.
How does Achieve work?
Achieve.com is a marketing lead generator that operates as a loan and debt resolution services broker. They also offer mobile applications that allow consumers to view and analyze their finances. They may take applications for their affiliates but do not make credit decisions, originate loans, process consumer loans or bill payments, or provide any other financial services.
Different loan and rate terms may have different eligibility restrictions, application processes, credit score requirements, loan amounts, loan terms, lender approvals, and credit usage and history. Residents of some states may not be eligible for loans. The minimum amount you can borrow may vary depending on state-specific legal restrictions.
How to qualify?
Achieve Personal Loans may be an option for those with a credit score of at least 620. The minimum age to be eligible is 18 or the state minimum, whichever is higher. No annual income eligibility requirement is disclosed, but borrowers must show their ability to repay obligations. Adding a co-borrower may help meet eligibility requirements or qualify for lower interest rates.
Achieve Personal Loans offers services to US citizens and permanent residents (green card holders). To qualify, applicants may need to provide the following documentation:
- An active and valid personal checking account
- Recent pay stubs
- Proof of income
- Driver’s license
- Government-issued photo ID
- Proof of citizenship or residence permit
Achieve BBB Reviews
Achieve is a company accredited by the Better Business Bureau since 2021. The company has an A+ rating from the BBB and has an average of 1,537 customer reviews. The company also has 24 complaints closed in the last 3 years.
Government Action: BBB reports on known government actions involving business marketplace conduct.
Here are some reviews:
Rachel K 12/09/2022
Wanda R 11/26/2022
Nellie M 11/16/2022
How much does Achieve charge?
Loan amounts for personal loans usually start at $5,000 but can go up to $50,000, depending on your state. These loans also come with APRs from 7.99 to 29.99 and repayment periods, which can range from 24 to 60 months and loan origination fees vary from 1.99% to 6.99%, most loans have a fee of 4.99%. For example, a four-year $20,000 personal loan with an APR of 18.34% would have an estimated monthly payment of $561.60 and a total cost of $27,948.13.
To qualify for a 7.99% APR personal loan, a borrower will need excellent credit and a term of 24 months. However, adding a co-borrower with sufficient income; using at least eighty-five percent (85%) of the personal loan proceeds to pay off qualifying existing debt directly; or showing proof of sufficient retirement savings could help you qualify for lower rates. Lastly, it’s important to note that funding time periods are only estimates and can vary based on individual circumstances.
Are there any pre-payment penalties?
Achieve does charge origination and late fees, however, it doesn’t charge prepayment fees so you can pay off your loan early without any penalties. This makes it a great option for borrowers who want the flexibility to pay off their loans on their own terms.
How does Achieve Personal Loans affect your credit?
When considering applying for a loan, it is crucial to understand both the process and how your credit score may be affected. Most lenders will carry out a soft credit check during the initial stages, which will not lower your credit score. Once you have decided to go ahead with the loan application, the lender will need to make a hard credit inquiry to gain a full view of your credit history and offer you final rates. These hard inquiries can negatively impact your credit score.
How to cancel Achieve Loans?
Before taking out a loan, you must be confident in your decision. Once the funds are deposited into your account, the transaction cannot be undone, so double-check everything beforehand to avoid complications later on.
Making ends meet can be a challenge, but there are some things you can do to get back on track.
- It is important to be mindful of your spending and create a budget that works for you. This will help you keep your finances in order and improve your prospects for the future.
- Another great tip is to consult with a financial advisor who can help explain your different options as well as set up a plan that suits your unique circumstances.
- And lastly, try not to stress too much about debt. Many companies are understanding and willing to work with customers to create a more manageable payment plan. All it takes is reaching out to their customer service team for more information.
Is Achieve legit or a scam?
Achieve has been a marketing lead generator since 2003, connecting affiliates and non-affiliates with businesses that offer loans and debt resolution services. They have an A+ rating from the Better Business Bureau and have been accredited since 2021. Unfortunately, the BBB reports on known government actions involving business marketplace conduct.
Regarding loans, interest rates and repayment terms can vary significantly from one lender to the next. As such, it pays to compare offers from multiple lenders to get the best deal possible. Checking out customer reviews can be a helpful way of finding a lender that meets your needs.
Do you know Achieve.com? Leave your experience and review below!
Thank you for reading!