LendingPoint: Personal Loans Review

  4,961 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   4,961 Reviews

trustpilot-stars

S GARLAND

5 hours ago

trustpilot-stars

The team at LendingPoint delivered…

The team at LendingPoint delivered their services in an expeditious and professional manner. I look forward to working with them again in the future.


TERRI DINEEN

8 hours ago

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Great customer service

Great customer service. Was an easy & effortless transaction. The loan manager (Shakim T.) was very knowledgeable, professional and assisted with all of my needs and concerns. He got me approved for a loan with no hassle. The funds were transferred to my account within the time frame stated.


MARQUES H.

9 hours ago

trustpilot-stars

Great customer service

Great customer service. Was an easy & effortless transaction. The sales rep. (Jessenia V.) quickly answered all of my questions & concerns and got me approved for a new loan with no hassle (or haggling).


EJ JACKSON

9 hours ago

trustpilot-stars

Toya Smalls was great!!!

Lending Point was great!! The loan process was easy and smooth and the loan agent was helpful and informative. I would recommend Lending Point to anyone seeking a hassle free loan process. Thanks again Toya😁


JERRY WILSON

10 hours ago

trustpilot-stars

Great Customer service

Great Customer service ! Simple and efficent process !


MRS. RIVERS

11 hours ago

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Easy to use

Toya Smalls was an absolute pleasure to work with! She was polite and knowledgeable in explaining everything that was happening throughout the entire process! She also had quick response times as well.


JOHN

14 hours ago

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The only reason I'm giving 5 stars is…

The only reason I'm giving 5 stars is because i can't give 10 after doing everything on line i had to make a call to check on my loan application and my call was transferred to this guy and it was great talking to person that showed that he cares about my concerns, my loan was approved and funds were deposited in my bank the same day 10 ⭐ thank you for taking care of business.


JOSH SALAS

15 hours ago

trustpilot-stars

Wonderful Experience!

Wonderful Experience! Fast and Easy


KM

15 hours ago

trustpilot-stars

My loan specialist Josh was very…

My loan specialist Josh was very helpful and responsive!


RHONDA WHITE

17 hours ago

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Truly a pleasure to work with this…

Truly a pleasure to work with this company. The process was super easy and their customer service is awesome.


ESTHER SOLIS

18 hours ago

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Im so happy to come across LENDING…

Im so happy to come across LENDING POINT. Mr. Shakim Tilley. Sr. Account. Manager , Has been a great help! Very professional , Thank you everyone from Lending Point .


ALEXANDRA BROWN

19 September, 2021

trustpilot-stars

Big shoutout to Sandi!

Sandi / Sandra was extremely kind, knowledgeable, patient and beyond helpful. She was an absolute pleasure to work with and I couldn't be more pleased with our interactions and grateful for all her help getting me through this process. Big shoutout!


PEGGY BRYANT

19 September, 2021

trustpilot-stars

Josh Shaw is the best associate…

Josh Shaw is the best associate LendingPoint has in your organization!! He is professional, yet friendly. He made my asking for a loan very easy. I was afraid I would be turned down, but he relieved my concerns, by calmly asking questions, reviewing the answers, and made me feel better. I wish I could meet Josh in person and give him a big hug, as my thank you, but during this pandemic, that is impossible. Josh, please know I thank you and will recommend LendingPoint to anyone who needs some extra money. I can't wait to get my hearing aids, to hear this beautiful world, again!


KEVIN SCOTT

18 September, 2021

trustpilot-stars

Professional and Lightning Fast

Shakim handled my loan professionally and extremely expeditiously. Thanks Shakim


DOUG STOKES

18 September, 2021

trustpilot-stars

THANK YOU SO MUCH!!!

I recently got sick and not able to work for the.next couple of months. When I called to talk with someone about the situation I have found my self in I was told by the gentleman who I had the pleasure of speaking with he told me that he was going to relieve me of some stress. Then he went on to tell me that they were going to help. I can't tell you how that made me feel after I got off the phone. But I do want to give say this, THANK YOU ALL SO MUCH!!! God bless you all.


MARGARITA RANDAL

17 September, 2021

trustpilot-stars

LendingPoint approved me when everyone else denied me .

Hello everyone I don’t really write reviews because my English writing is not good so hopefully this will have someone to have faith about lending points but I feel like I need to. So I never took a personal loan before this was my first time so this was my experience . I was applying everywhere and didn’t get approved credit karma tell me I have 12 best offer witch different lenders and was denied even having a good credit still didn’t get approved in till I apply LendingPoint. When I apply LendingPoint a customer service call me and transfer to me Justin Baker . Justin ask me few questions he check how much in total I get in a year . Justin ask me send him some documents trough email ( paystub, bank letter bc I didn’t have a plain check and iD ) and few documents I had to sign the agreement. So Justin tells me everything looks great he was going to submit the application with my document and I should hear from him couple fo days to give me any updates . For my experience it was stressful few days I had my phone with me all the time making sure I didn’t miss a call from Justin . So it took 3 days exactly he tells me the great news that I was approved and today is Friday 9/17/21 he told me the fund should be in the bank on Tuesday 9/21/21 . So this was around 11:30 am got the news but the weird thing witch I wasn’t expecting I check my banks account around 4:30pm same day to see if I see anything pending and it was already in my account today 9/17/21 . So this was my experience with LendingPoint they are awsome justing is also awsome had a good experience with them will apply again in the future if I need loan again .the worst part is waiting to see if you get approved but everyone is different for me took 3 days I been readying the reviews when I was waiting and some people had approved same day or even a week and some got denied so everyone has different experience . Justin told if you still waiting that docent mean is bad news it just how long they received your application with document . So don’t loose faith and I wish everyone good luck.


DAVID TEMKIN

17 September, 2021

trustpilot-stars

Funded within 24 hours

I worked with Shakim and was funded within 24 hours. Such an easy and transparent process. Probably the easiest loan I’ve ever received. Thank you!


MORGAN MAXWELL

17 September, 2021

trustpilot-stars

Justin was amazing to work with

Justin was amazing to work with! He was helpful and worked with me on every step. He was patient and understanding. Would definitely use this company again!!


L'M LFAM EMPIRE FAM

17 September, 2021

trustpilot-stars

Great experience amazing services

Great experience amazing services


SARAH CALCAGNO

17 September, 2021

trustpilot-stars

Amazing customer service!

Amazing customer service!


MIRYANA LOIGNON

16 September, 2021

trustpilot-stars

Super Friendly and Fast review

Hands down one of the best experiences I have had trying to get a loan. Justin Baker was incredibly friendly and helped me with correcting some information on my application and also helped when the system would not let me upload my documents. It was really nice being able to reach him directly as needed too. Will definitely recommend them.


CAUTEMOC

16 September, 2021

trustpilot-stars

Anti-consumer policies and horrible customer service

During the COVID pandemic I was late on a single payment due to my credit card expiring. To most companies this would be no big deal and offer a goodwill adjustment or pay to delete options, but to LendingPoint apparently this is worth destroying any future business over. First they lied to me, claiming that they are legally required to report it (they aren't). Finally they let me know they simply refuse to do anything about it and then had the audacity to let me know it's my fault that I was late, as if them lying to me first isn't worse than a credit card expiring. Of course, no apology there or any sign of any willingness to help from Eric Rose, just some snide remarks about how they "tried to reach me" (they never once called). I'm beyond disappointed with this company and will never be using them again after this, and Eric Rose I hope you get some perspective on life before using the tiny amount of power you have to talk down to people. Edit: Also note that most of these reviews are made at the time the loan is secured, that's because they ask people to. Of course they will be mostly positive when they only ask for people to review after they've secured a loan and before anything can go wrong on the account. As other people have said, this company is manipulative and misleading.


STEVE WILKE

16 September, 2021

trustpilot-stars

Extraordinary Service

True story, I reached out for assistance with on a personal loan. The customer service was exemplary. I was treated like royalty. Less than 2 hours after I made contact with them I had funding approved. I would suggest beginning here for your financial needs.


PAMELA

15 September, 2021

trustpilot-stars

Lending Point is the way to go

Lending Point has made my life so much easier. Before I signed the papers I got a better rate. They are happy to help and they explained everything thoroughly. I will tell everyone to try lending point first.


SHARAHA CURRAN

15 September, 2021

trustpilot-stars

Arianne Bassols made refinancing and…

Arianne Bassols made refinancing and increasing my current loan fast, easy, and painless. She explained all the options I had clearly and stayed on the phone with me to walk me through all the documentation needed. A+ service!


RFOSTER

15 September, 2021

trustpilot-stars

My experience was great

My experience was great! Josh was awesome and concerned about me getting my loan. It did not take long and the process was easy with a smooth transition. I highly recommend Lending Point.


KISHA

15 September, 2021

trustpilot-stars

Very fast process !

Very fast process !! I was approved within a couple of days !! I’m so thankful for this company . Definitely recommend


A. SEA

15 September, 2021

trustpilot-stars

Josh Shaw - very professional

Josh was excellent to work with. Very efficient and professional.


BONNIE WALKER

14 September, 2021

trustpilot-stars

I love this company

I love this company. I applied for a loan and right away I got the approval and my loan in one day. The customer service is outstanding. Thank you lending point.


KNIGHT RYDER

14 September, 2021

trustpilot-stars

I had the best experience with this…

I had the best experience with this company. They kept me on notice during this process. Sandra Meredith at LendingPoint did an amazing work with my loan process to say the least.I must include underwriter Sheryl Davis thank you both !!!!


BILL WILLIAMS

14 September, 2021

trustpilot-stars

I was seeking a loan to consolidate my…

I was seeking a loan to consolidate my credit card debt into one easy payment. Nobody would loan to me because my credit card usage was too high lowering my credit score. I couldn't raise my credit score due to the high balances held. I was stuck in a rut that I was having difficulty getting out of. I found this company and applied for the loan late one evening not really expecting much because the website was rejecting the required documents. The very next day Justin Baker reached out to me and sent me an email link to provide the document. Justin was fantastic and kept me updated when he got my loan funded. Within a couple of days from applying the funds were deposited into my account. This was a very fast, easy, and pleasant process. My credit cards have all been paid down to a zero balance and a huge weight has been lifted off of me.


CHELSEY

14 September, 2021

trustpilot-stars

The application and loan process was a…

The application and loan process was a breeze because of Sandra Meredith. She was easy to talk to and gave the best advice. I highly recommend lendingpoint and speaking with Sandra. Thank you again, Sandra and hope you chat/work with you in the future. Chelsey


PAULA KULICK

14 September, 2021

trustpilot-stars

Very good experience

Very good experience. Helpful and polite.


MEGAN

14 September, 2021

trustpilot-stars

Lending Point is now my go to for any…

Lending Point is now my go to for any funding I will need in the future. Rahjan is a pleasure and made the process seamless and quick! When I need, I can call him DIRECT! No more speaking to different people constantly! Thanks so much!


RABBIT

14 September, 2021

trustpilot-stars

My customer service representative…

My customer service representative Shakim Tilley is an amazing person and helped me every step of the way.


SHYNIECE HOWARD

14 September, 2021

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Quentin Murphy was wonderful he made…

Quentin Murphy was wonderful he made the process easy. He answered all of my questions and made sure I was comfortable making the decision to take the loan.


STEVEN DAVIS

14 September, 2021

trustpilot-stars

The process was very easy

The process was very easy. My loan special list Rahjan Randall was extremely helpful. He provided with multiple options , listened and helped me get the loan I was seeking.


KENNISHA

13 September, 2021

trustpilot-stars

Fast and Simple process

Fast and Simple process! Excellent Customer Service!


TIM KENDRICK

13 September, 2021

trustpilot-stars

Super Great Service

My experience with LendingPoint has been Super Awesome my loan specialist Quinton Murphy was very courteous and professional he made my experience very smooth easy and transparent I would highly recommend LendingPoint to anyone for their financial needs.


DOUGLAS RASMUSSEN

13 September, 2021

trustpilot-stars

Terrific experience and super easy…

Terrific experience and super easy process thanks to the very friendly, knowledgeable and responsive staff at LendingPoint!


SAVANNAH WATKINS

13 September, 2021

trustpilot-stars

Justin was AMAZING

Justin was AMAZING! He was wonderful to speak with on the phone, quick to reply in emails, and explained reasoning behind document requests and answered my questions to the utmost extent. I wasn’t left wondering or stressing. It was a very easy process and Justin’s dedication was just exceptional. I would highly recommend requesting him for any of your loan needs. When customer service is through the roof, you feel at ease, and I am very grateful for his dedication.


WANDA WRIGHT

13 September, 2021

trustpilot-stars

Toya Smalls was my Loan Specialist I…

Toya Smalls was my Loan Specialist I was very please with her professionalism in securing my loan. I also appreciated the timely manner in which the loan was approved.


JEREMY H

13 September, 2021

trustpilot-stars

Rayven was professional and very…

Rayven was professional and very helpful in explaining options. 5 star service.


MARGARET WILLIS-WADE

13 September, 2021

trustpilot-stars

I had the best experience with Lending…

I had the best experience with Lending Point. The representative that helped me was so helpful and informative. I would truly recommend them to everyone. The process was very quick. Thank you very much


GIOVANNA FLORENCE

11 September, 2021

trustpilot-stars

Great service

East, straight forward loans with alway polite customer service. I can count on this service when I am in a bind.


MANDALA MOM

11 September, 2021

trustpilot-stars

Wonderful Company

Lending Point is a wonderful company! I was able to get a loan in less than 10 minutes. As soon as I reached my 6 month mark, I received a phone call and email from a specialist, Rahjan Randall, who wanted to discuss lowering my interest rate or financing a new loan, if needed. He worked around my schedule; and, he was very knowledgable and easy to talk to throughout the process. Lending Point has helped my credit grow. Their customers come first!


ISRAEL FENUKU

11 September, 2021

trustpilot-stars

Sandra Meredith was quick to contact me and have application process on time. It was quick to my surprise. It’s easy to do business with LendingPoint.

I was surprised to have my load approved within a few days. Very easy and I highly recommend LendingPoint for quick business.


STEVEN COMBS

11 September, 2021

trustpilot-stars

Quinton was really helpful with getting…

Quinton was really helpful with getting my loan refinanced and approved. I appreciate his professional and friendly help in getting me what I needed!! Thank you!!


SIVAA KUMAR

11 September, 2021

trustpilot-stars

Great and fast service provided by…

Great and fast service provided by James Hodge. I thank him for quick loan process.


AMBER

10 September, 2021

trustpilot-stars

Very quick and easy!!!

Very quick and easy!!!! Very happy! Only downside was high interest but that’s everywhere.

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