LendingPoint: Personal Loans Review

  6,676 Reviews on Trustpilot

LendingPoint Snapshot

LendingPoint is an Atlanta-based direct lender founded in 2014 to help borrowers improve their credit rating.

The lender specializes in extending funds to consumers with credit scores in the 600-680 range, since these borrowers typically have a harder time securing funding than people with higher scores.

LendingPoint personal loans can be used for a variety of purposes, including debt consolidation, starting a business, or renovating a home.


LendingPoint Spotlight

Best For
Those with credit scores between 600-680 who want to improve credit

Marketplace or Direct Lender
Direct lender

Loan Types
Debt consolidation, refinancing, home improvement

Loan APR
9.99% to 35.99%

Repayment Terms
24 to 48 months

Summary

LendingPoint offers personal loans on a smaller scale, from $2,000 to $25,00 that last for 24 to 48 months.

LendingPoint also has one of the lowest minimum credit scores of lenders at 585. Even though the company provides an opportunity for lower credit consumers to secure a loan, they don’t offer terribly high rates.

Rates start at 9.99% and go to 35.99%.


Loan Types

You can use LendingPoint personal loans for anything from debt consolidation, to paying for medical bills, or even home improvement. In order to qualify, you need to have a minimum credit score of 585 and an annual income of $35,000 or more. You also need to:

  • Have a local, state, or federal government-issued ID
  • Be at least 18 years old
  • Have a valid Social Security Number
  • Have a personal bank account in your name


Personal Loan Rates & Terms

LendingPoint’s loan rates range from as low as 9.99% to 35.99%. While many lenders offer rates as low as 6%, LendingPoint’s rates are a bit higher. However, LendingPoint is also able to offer loans to consumers with lower credit scores.

If you have a higher credit score, you’ll probably want to choose a different lender as you’ll be more likely to secure a lower interest rate.

LendingPoint’s personal loans are fixed interest, so you’ll pay the same amount every month until the loan is paid off.

Depending on the state you live in, you may have to pay an origination fee which can range from 0% to 6% of the loan amount. While LendingPoint doesn’t have a prepayment penalty, they do charge a late fee of $30 if your payment is 15 days late.

LendingPoint loans range from $2,000 to $25,000 and can be paid off in 24 to 48 months.


LendingPoint Pros

  • Soft credit check during pre-qualification
  • Funding is often transferred the day after approval
  • Only requires a credit score of 585
  • Options to change your payment date

LendingPoint Cons

  • Rates are higher compared to other lenders
  • No option for co-signers

LendingPoint Application Process

LendingPoint has a pre-qualification tool which shows you what type of loans are available to you. By using this tool, LendingPoint will perform a soft credit check to determine what rates you’ll get (without harming your credit score).

Once you pick your lender, rate, and terms, LendingPoint will perform a hard credit check to complete your application.


Customer Support

Overall, LendingPoint has great customer service.

They have a number of tools and resources available to learn more about securing a personal loan, along with several other options to improve your financial knowledge. You can access these resources through their FAQ page or their blog.

If you need help right away, you can phone their toll-free phone number to speak to a customer service representative over the phone. Or, simply send them an email and they’ll get back to you shortly.


Final Thoughts on LendingPoint

So, should you use LendingPoint to access a personal loan?

Well, it’s clear that LendingPoint is a great option for anyone with low or bad credit. While they focus on customers in the 600-680 range, they will qualify a borrower with a score as low as 585.

However, it’s important to note that their fees are higher than other lenders since their barrier to entry is lower than other lenders.

In terms of securing funding, LendingPoint does a great job of servicing most people. Plus, they offer a ton of resources to understand your credit score and improve your overall financial health.


FAQ

Does applying for a loan through LendingPoint impact my credit score?

No, by applying for a pre-qualified loan amount and rate, your credit score won’t be negatively impacted. The pre-qualifying rate only issues a soft credit check which doesn’t impact your score at all. Once you select your loan and complete the application, though, a hard check will be performed which will impact your credit score.

How much money can I get approved for?

LendingPoint personal loans range from $2,000 all the way to $25,000. The amount you qualify for depends on a variety of factors, including your income, credit history, current employment, and others.

Lending Point Customer Testimonials

Excellent   6,676 Reviews

trustpilot-stars

GIGI

14 hours ago

trustpilot-stars

Excellent Service

Excellent Service I was well pleased


PHYLLIS RANKIN

16 hours ago

trustpilot-stars

Cathy was wonderful

Cathy was wonderful, knowledgeable, informative, and had excellent customer service skills. She helped me determine the best option for my current short term financial goals


RG

18 hours ago

trustpilot-stars

The easiest process!!

Alexander Ponte was extremely helpful! I disappeared for a bit as life got kinda crazy between applying and getting everything finalized and Alexander made sure to check in with me to make sure that everything was going smoothly and I was getting everything I needed. So thankful for Alexander and LendingPoint!!


DARCHELLE EVANS

21 hours ago

trustpilot-stars

Toya Smalls was very patient With me…

Toya Smalls was very patient With me and I would advise anyone to get with her if your in need of a loan officer. She is great


AMBER GUTIERREZ

23 hours ago

trustpilot-stars

Toya was very helpful

Toya was very helpful, and she work with me very quick


GAIL

23 hours ago

trustpilot-stars

WONDERFUL Experience

Arianne was GREAT!!! She was very helpful and professional. She was with me every step of the way. Thanks Lending Point!!!


KYLE FITTRO

09 August, 2022

trustpilot-stars

Most Convenient Loan Process Ever

I worked with Trevor and the process was simple, hassle-free and much easier than I believed it could be. Trevor was very responsive and courteous. From start to finish the entire process took around an hour. Overall excellent experience!


ESMERALDA MORENO PARRA

09 August, 2022

trustpilot-stars

Tammie Jones was such a good help with…

Tammie Jones was such a good help with my refinance today. Definitely recommending LendingPoint to my friends and family!


DON FINCH

09 August, 2022

trustpilot-stars

I talked to Arianna she was very…

I talked to Arianna she was very helpful and polite to work with took care of everything in a very short time.


ANGELA DODSON

09 August, 2022

trustpilot-stars

Heaven Sent

Toya made my loan application the easiest process ever in my life. She was helpful, patient and kind. I wish I could give her name to everyone I know. Lendingpoint was fast with approval and sent documentation of loan repayment, easy to understand.


TIM

09 August, 2022

trustpilot-stars

I had the pleasure of dealing with…

I had the pleasure of dealing with Tammie Jones. She helped me refinance a loan. I was impressed with her knowledge of the loan process, and how professional she was. She made the whole process quick and easy. Thank you Tammie.


T BROWN

09 August, 2022

trustpilot-stars

Outstanding service

Outstanding service. I was able to get funded quickly and Josh Shaw was amazing


KISSIMMEE HARVEY

09 August, 2022

trustpilot-stars

Happy Customer

The loan process was very simple to complete. My representative Toya was very knowledgeable and extremely helpful. She took care of me from start to finish and I’m truly grateful for her services. Thank you Toya and Lending Point for a wonderful experience!


RAMONA JENKINS

09 August, 2022

trustpilot-stars

Cathy Werner was awesome

Cathy Werner was awesome. I contacted her at 9:45 about my loan, and at 10:04 it had been approved and the funds processed. To say the least that is awesome service. Top notch at its utmost. 5 stars and then some.


CONSUMER

09 August, 2022

trustpilot-stars

I dealt with Shakim Twilley - Wonderful

I dealt with Shakim Twilley and he was most professional and helpful. Shakim took the time to thoroughly explain the process, guide me along the way with my questions and made the entire experience wonderful. Never had a doubt in my mind about the company or the service that I was given. Definitely top notch and Shakim is the professional you want to deal with for a loan. Be sure to ask for him. Exceptional service.


GIANNA PERALTA

09 August, 2022

trustpilot-stars

Debbie Meier is awesome!! Thank you lending point

Was looking for the right loan lender and Debbie Meier reached out to me in seconds !!! She was so kind and patient and extremely efficient!!!!. The application process was less than 15 minutes. Thank you for helping me during this period, i will definitely keep lending point in mind if any other incident occurs where i need quick financial assistance, and will be referring Debbie and this company to all my friends as well incase they’re ever in a similar situation. thank you again.


RHONDA STAHLBERGER

08 August, 2022

trustpilot-stars

I had the pleasure of dealing with …

I had the pleasure of dealing with Trevor Kiefer today . He was amazing very knowledgeable in his position. Was quick and a pleasure to deal with . I would recommend him to all . 5 star experience


PRISCILLA MARES

08 August, 2022

trustpilot-stars

I needed a extension on my loan because…

I needed a extension on my loan because of having covid at this time and they were able to help me out with my monthly payment with a covid plan.


AUSTIN

08 August, 2022

trustpilot-stars

I've been with lending point for few…

I've been with lending point for few yrs now. And it's been gr8. Was able to refinance my loan with jammie jones, she got it approved same day. Shes very nice.


DAVE MIELKE

08 August, 2022

trustpilot-stars

Great service and speed!

Great service and speed!


NICKY CONLY

07 August, 2022

trustpilot-stars

It was great nice working with Lending…

It was great nice working with Lending point people specially with Ms. Keri Chang very nice lady. Will do business here again!!


HANA GIGGLEBOX

07 August, 2022

trustpilot-stars

Toya smalls made it a great experience…

Toya smalls made it a great experience for me ty so much!


WILLIAM OWENS

07 August, 2022

trustpilot-stars

I needed a loan for home repairs

I needed a loan for home repairs. The process was easy and fast. Thanks to Sandra Meredith and the entire staff!


FRANK WIGGINS

07 August, 2022

trustpilot-stars

This was a quick easy process.Super…

This was a quick easy process.Super fast...I would definitely give them a high rating..Josh Shaw thanks for the quick response.


DAN

06 August, 2022

trustpilot-stars

I needed a consolidation loan and…

I needed a consolidation loan and lending point was quick and easy. Thank you Trevor Kiefer for all the great help!


CLIFF BEAULIEU

06 August, 2022

trustpilot-stars

Great thanks a ton Josh Shaw

OK so back story have a bunch of medical issues and have a emergency issue in another state so hail Mary pass to now filled out application at like 2am on Saturday morning (it is now 4:50 pm same day.) So like I said filled out paperwork sent in all additional paperwork. Got a call around 3:44pm from the nicest underwriter ever Josh Shaw he understood I was at work so I had to keep asking him to repeat himself. He stayed calm repeated made sure I understood everything. Well I asked him about approval he said as early as today or as late as Monday morning. I got approved at 4:50 pm same day no headaches or anything. Thank you so much Mr Josh Shaw.


LARRY DAVIS

06 August, 2022

trustpilot-stars

Smooth transition

I needed a consolidation loan and this accomplished exactly what was needed in an expedient process.


CUSTOMER

06 August, 2022

trustpilot-stars

Toya was terrific!

Toya was so helpful throughout the whole process as well as others we talked with. The entire experience was just great. Lending Point was able to give us the chance we needed while banks I have done business with for over 50 years turned me away.


JAMIE

06 August, 2022

trustpilot-stars

GREAT to deal with!

I have never had any problems, and i have had to call customer service once for something i didn't know how to do on the website, once to make a payment, and once to work something out when i had some problems making my payment. They have all been lovely people, incredibly nice and helpful, and i couldn't have asked for better service! I have never been talked down to or treated poorly because i was having money issues, there is never any stress when i have to call them. I would encourage anyone to use their services!


NOBLE

06 August, 2022

trustpilot-stars

There's always a way

I recently had knee surgery, and due to medical expenses I was tapped out. With no income because my short-term disability hadn't kicked in yet I didn't know how I'd be able to make my monthly payment. But when I called to discuss my situation I was relieved to find out that I had options. From that point Arrangements were made and I'm able to stay on track.


N/A

05 August, 2022

trustpilot-stars

Wonderful Experience

Myron was great to work with. He had been blowing up my phone and every time we connected I was busy. However, he was patient and kind. When we finally had a chance to speak, he made my refinance very easy, swift and a great experience.


DAN GUTHRIE

05 August, 2022

trustpilot-stars

Everything went extremely well

Everything went extremely well. Chandler was easy to talk to and very knowledgeable. The whole process was easier than I had expected. I am very happy with the results.


ALBERTO

05 August, 2022

trustpilot-stars

Myron Terrell was professional and…

Myron Terrell was professional and respectful. He listened carefully and worked with my requests when I returned his call. In general Lending Point has been fair, fast and easy to deal with.


KARON MARTIN

05 August, 2022

trustpilot-stars

Some of the application was a little…

Some of the application was a little challenging for me … the downloading of banking info … but my agent was there and walked me thru what i needed to be successful at downloading the info they needed …I have nothing bad to say …thank you lending point


KENNETTE SMITH

05 August, 2022

trustpilot-stars

I do thank you for all the customer service do just so polite

I do thank you


JORGE CARCAMO

05 August, 2022

trustpilot-stars

Very professional

Hi. Lending Point is a very trustworthy company. They provided the necessary tools for my financial needs. Very professional and courteous staff. The representative was very detailed and professional in her duties to fulfill my needs. Would recommend them for future matters. Thanks.


NICK

05 August, 2022

trustpilot-stars

The loan experience was quick and easy

The loan experience was quick and easy, I would definitely use lending point in the future.


VONDA HUOT

05 August, 2022

trustpilot-stars

Will was great and very informative

Will was great and very informative. He made it so stress free. I really appreciate him.


BERNIE REDDY

05 August, 2022

trustpilot-stars

Very friendly

Very friendly, very fast and very easy. Deborah Meier extremely nice and helpful. Talked me thru the entire process.


KEN

05 August, 2022

trustpilot-stars

Awesome customer service

Awesome customer service! The reps are very knowledgeable! I would like to specifically thank my rep Rahjan Randall for the excellent service and assistance! I really appreciated it!


ALLISON CONNER

04 August, 2022

trustpilot-stars

I had the most exceptional experience…

I had the most exceptional experience as a customer with Representative, Tiffany Douglas who was kind; courteous; professional as well as relational. She listened and was empathetic even reaching out to her colleagues to review my loan options. I felt valued and not just another transaction. I am so grateful.


SYLVIA M.

04 August, 2022

trustpilot-stars

Closed on a personal loan today and I…

Closed on a personal loan today and I can't say enough on how easy the process was! From beginning to end, my representative Deborah Meier provided top notch customer service. Can't thank her enough for her professionalism and willingness to go above and beyond for me!


DENISE WILLIAMS

04 August, 2022

trustpilot-stars

Great seamless experience

Great seamless experience. They answered all my questions and put my mind at ease.


MIKE M

04 August, 2022

trustpilot-stars

We need more Trevors out there!

Trevor was great! I literally was on and off the phone in minutes with an approved loan. Very courteous to speak with.


FALOU DIAKHOUMPA

04 August, 2022

trustpilot-stars

They're professional Nice people and…

They're professional Nice people and very easy to work with and explain you the all process


MARLIESHA WARD

04 August, 2022

trustpilot-stars

Easy and simple to get approved

Easy and simple to get approved. The loan specialist Trevor Kiefer was extremely kind and helpful


TIJUANIA DA

04 August, 2022

trustpilot-stars

Got approved right away

Got approved right away. When it was time to make my monthly payment my pay period then end on that day I was able to change it and also lower my payment amount. Thanks Marcus for being patient with me the other day.


CAROL

04 August, 2022

trustpilot-stars

They Are very easy to work with

They Are very easy to work with. Always helpful and explain the whole process, so you unbderstand


JAMES

04 August, 2022

trustpilot-stars

The staff that I had the pleasure of…

The staff that I had the pleasure of working with were excellent! They were very friendly, professional, and knowledgeable. They treated me as a person instead of an account.


LC

04 August, 2022

trustpilot-stars

Keisha

Keisha, i think was her name (sorry if i misspelled it), whoever helped me apply for a short term financial hardship was amazing!!! I love her! You should hire more people like her! It was a smooth process, thanks to her!

1

2

3

4

5