LendingPoint: Personal Loans Review

  5,059 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   5,059 Reviews

trustpilot-stars

SCOTT REISINGER

21 hours ago

trustpilot-stars

These people are total Scammers do not…

These people are total Scammers do not do it! they want you to feel like they are doing you a big favor but in reality they are depositing counterfeit checks and doing money laundering with your account how this business is 5 star is beyond me. don't walk away from this business RUN!!


HUGH JOINER

21 hours ago

trustpilot-stars

A Wonderful Experience !

Working with LendingPoint and Ms. Toya has been a wonderful experience!!! She and her team walked me right thru the process and it was fast! Now I’m able to breathe a bit better and use this to better my finances!!! Thank you so much Ms. Toya!!!


GUILLERMO SADDLER

23 hours ago

trustpilot-stars

Smooth a silk!

Rahjan Randall made my refinance process quick and painless. In less than 24 hours my loan was funded.


ELIAS NASR

23 hours ago

trustpilot-stars

I like dealing with Lending Point

I like dealing with Lending Point. They are very straightforward and easy to work with. Rahjan Randall was terrific. He explains to you all your options with thorough. Good job!!


DOUG KIRKPATRICK

18 October, 2021

trustpilot-stars

Wonderful experience with Lending Point…

Wonderful experience with Lending Point from start to finish! Every bit of the process was streamlined and fast!


COUNTRYCOLLECTABLES

18 October, 2021

trustpilot-stars

I Would Give 10 Stars If I Could!

I Would Give 10 Stars If I Could!! Super Fast And Really Easy And I Appreciate You For Really Doing A Great Job! Really Easy to Navigate Online And Really Simple To Use, And No Hidden Fees, I Love That! Thank You For Giving Us A Boost When We Needed It Most, I Look Forward To A Great And Prosperous Future Together.


OFFICIAL CHECKUP

16 October, 2021

trustpilot-stars

They Ara all bunch of liars,they…

They Ara all bunch of liars,they scammed me of my $1000 without funding me my loan.The company is just out to scam people of there money...Lisa called me saying my loan has been approved and started requesting money from me...stay far away from them they are thief’s


EVANGELINE LEOTA

15 October, 2021

trustpilot-stars

super great experience

super great experience! it was easy, quick and professional! (if that makes sense?) Justin Baker is very attentive and personable and I love that customer service, he didnt make us feel like getting the loan would be stressful or impossible. highly recommend Lending Point and Justin! ;)


MICHELLE STIRR

15 October, 2021

trustpilot-stars

One of the best Loan Companies I've…

One of the best Loan Companies I've worked with. Their Loan Officer's are upfront, quick and always on top to get everything approved.


READYFREDDY

15 October, 2021

trustpilot-stars

Easy and kind

Sandi was great she was patient and kind and explained explained everything in detail.give her a raise!


VIRGINIA LOUPE

15 October, 2021

trustpilot-stars

Shakim Tilley Was so helpful and…

Shakim Tilley Was so helpful and extremely fast in helping me get funded. His emails were clear and concise and he called me for any other questions I may have had.


BERNARDO IRIZARRY

15 October, 2021

trustpilot-stars

Arianne Bassols was extremely diligent…

Arianne Bassols was extremely diligent in the process of the refinance my loan. She provided an exceptional customer service. I strongly recommend Lending Point to continue to have Spanish speaking loan specialists like her. Not too many people speak good english or not speak english at all. Arianne goes beyond the standards in assisting me. Please, keep up the good work. Again, thank you.


ANGELA STINGLEY

15 October, 2021

trustpilot-stars

Sandra Meredith was very helpful in…

Sandra Meredith was very helpful in getting my loan funded. The process was quick and smooth. Thanks LendingPoint.


ADRIANA LASMAR

15 October, 2021

trustpilot-stars

Highly recommend

Shakim Tilley had been extremely helpful. He answered all my question promptly and help me immensely throughout the process. Very professional and easy to work with.


MARIELA PALACIOS

14 October, 2021

trustpilot-stars

I lost my job

I lost my job, and I called lending Point to explain my situation. The rep that I spoke with help me a lot with my repayments. If you run into any trouble repaying them call and explained and they will defiantly help you.


DAVID

14 October, 2021

trustpilot-stars

I have never had a loan go this fast…

I have never had a loan go this fast and smooth. Just had to verify my info. I had the money in my account the next day.


ROHAN LEWIN

14 October, 2021

trustpilot-stars

I rate this 5 stars from the beginning…

I rate this 5 stars from the beginning to the application Toya Smalls helped me and made the process seamless and easy. Basically held my hand throughout and answered all of my emails for questions that I had. I'd recommend to family and friends


TAI NGUYEN

14 October, 2021

trustpilot-stars

Scam Company!!

Do not use this company if you need an online personal loan.. They are one of the worst out there. I recommended anyone else but them. Horrible customer service.


VIRGINIA

13 October, 2021

trustpilot-stars

Amazing results

Thee whole process from beginning to end was so easy and stress free. Justin Baker was always in touch with me and made sure I had all the papers and information that was required. Thank you for helping me out.


JESSICA CHARLTON

13 October, 2021

trustpilot-stars

Great help quickly!

I didn't expect it to be this easy or quick, but it was processed a little over 24 hours. My loan helper, Shakim Tilley, kept me informed on what was going on with the loan process and made everything very easy!


NIKKI MEALOR

13 October, 2021

trustpilot-stars

Wonderful place!

Alexander was such a great help! It was an easy and wonderful experience with this place getting me what I needed, I highly recommend them


IYA IYA

13 October, 2021

trustpilot-stars

By far the best and easiest Loan…

By far the best and easiest Loan process I’ve EVER had! Excellent communication, great customer service to say the least! . A very pain-less process! Definitely letting friends and family know how awesome my experience was! Keep up the good work Lendingpoint, you ALL were absolutely Amazing!! 🙏🏾❤️


BETTY J SMITH

13 October, 2021

trustpilot-stars

Great!

So far all is great! Fast, easy, loan approval. The loan specialist, Sandi Meredith is so easy to talk to with all the information to make the loan process easy.


LYNNE PEARL

12 October, 2021

trustpilot-stars

Rayven answered my questions and was…

Rayven answered my questions and was informative. She made my process so much easier. Thanks Rayven! LP


Y.B

12 October, 2021

trustpilot-stars

One of the easiest and greatest experiences ever!!

I can not express how easy this was and how thankful I am for Justin B. and Ms. Sheryl D! You all have no idea! Please be blessed, thank goodness for your professionalism, timeliness and all around great customer service! From one customer service representative to another, you all do deserve to be applauded for your efforts!


DOG MOM

12 October, 2021

trustpilot-stars

Was a simple and very easy process

Was a simple and very easy process. I enjoyed the services that Deborah Meier Senior Loan Representative had provided me with . Very kind and walked me through . I appreciate her kind and informative manor . Thank you very much , Deborah. S Dog mom.


MARGUERITE PARKER

12 October, 2021

trustpilot-stars

Arianne was so professional

Arianne was so professional! She was clear, concise and informative. She went straight to work, gave my options, touched all bases and confirmed my understanding. The best experience with a loan officer ever! She made it easy and smart! Thank you!


MITCHELL THOMAS

11 October, 2021

trustpilot-stars

Rayven you are the best Thank you again.

Rayven you are the best Thank you again.


ARLENE SAMPAYO

09 October, 2021

trustpilot-stars

GREAT EXPERIENCE 👍.

GREAT EXPERIENCE 👍.. Quentin Murphy made the process easy and fast. Quentin is very professional, friendly, efficient and guides you step-by-step ...A+. Thank you again!


RAMON LEE

09 October, 2021

trustpilot-stars

Excellent miss Meredith she help me on…

Excellent miss Meredith she help me on everything very nice knowledgeable very patient of helping me thank you


LESLIE ANDERSON

09 October, 2021

trustpilot-stars

MY LOAN GIRL

MY LOAN GIRL, CARRIE, ALL I CAN SAY IS AAWWWWSOMME! She is so good! And so kind! Lending point in general was my saving grace both times I did a loan w them! Amazingly fast cash available to you!


HENRY L ADROW

09 October, 2021

trustpilot-stars

I was in a bind with owing the IRS over…

I was in a bind with owing the IRS over $4000, I applied to Lending Point through Credible. My loan was approved in minutes. THANKS a Million Lending Point.


ISMAEL V

08 October, 2021

trustpilot-stars

Excellent customer service

Got approved within minutes. Customer service was excellent. They actually converste with you and really help you out not like other places that rush you and arent really helpful. 5/5 for sure recommend it.


ADRIENNE RIVERS

08 October, 2021

trustpilot-stars

Thank You

Thank You, Thank You So Much, Very Thankful, Very Understanding, Friendly and Quick, Thanks You Mr.Randall R.


KIRSTY M.

08 October, 2021

trustpilot-stars

The only reason I didn't give it 1 star…

The only reason I didn't give it 1 star was because the customer service representatives when you call are very friendly and informative; However, the loan application process is ridiculous. I was asked to send my documents 3 different times by 3 different people. Anytime I emailed my loan officer, he said to call the customer service line. Eventually, my loan was denied after 2 weeks of the back and forth and calling multiple times. I signed the document and had my estimated payment, etc. so I didn't expect to be denied (that's not the issue I have though, I can see why it was denied). My issue is how violating it feels to send my bank information over and over to eventually find out it was all for nothing. (I had to find out by calling by the way, they didn't even email to let me know)


DENNIS PRICE

08 October, 2021

trustpilot-stars

Thanks Justin Baker.

The first call I made to Lending Point, the gentleman I spoke with seemed pretty indifferent as far as helping with gathering information. I sent information that was requested but it was not in correct format. Called second time and got a polite young lady who seemed somewhat helpful but still did not quite give me the correct process. Third call was barely helpful at all. Was almost ready to give up but then I spoke with Justin Baker and he was amazing. He walked me through everything and it was just awesome. I wish I could have gotten him to begin with. Thanks Justin.


BUD

08 October, 2021

trustpilot-stars

King of the mountain top ..Mr Shakim Tilley

Right on , Lending Point or Any Finance inst.would be or should greatly appreciate the services of Sr Account Rep Mr Shakim Tilley he his A one in all aspect for a consumer applying ! Thx You Mr Tilley !


SANDRA TAYLOR

07 October, 2021

trustpilot-stars

The process was fast and Justin Baker…

The process was fast and Justin Baker was extremely helpful. I truly recommend Lending Point and I hope you get Justin Baker because he will do all he can to make sure everything goes smoothly.


JADE

07 October, 2021

trustpilot-stars

So I'm a real person (my credentials)

So I'm a real person with a good job who was out of work for a few years and I've been playing catch up. I actually got a call today from lending point offering me a higher amount but at the same rate I've had and I really enjoyed the interaction with the person I was speaking with. It was no pressure just basically letting me know it was there and it was fast and done within an hour for the increase. If you're worried that they are a scam they're not. I've had my dealings with a ton of companies that absolutely were and as a matter of fact the initial amount I took out with them was to pay off a moving company that was totally a scam. The point being I understand the importance of trust on an internet only set up and these guys are legitimate. Consequently after figuring out that they're honest you get the benefit of finding out that they're actually pleasant too. Moral of the story: don't worry about signing on that dotted line if you really need the help with this company.


TEENA DAILEY

06 October, 2021

trustpilot-stars

They are a joke they told me I got…

They are a joke they told me I got approved and how much my payments would be and got all my information. Said they would send it to the verification team and give me a phone call back which they did in a hour. Never received my loan. Tried calling for two days now and they keep telling me it on it way.


NIASIA ANTHONY

06 October, 2021

trustpilot-stars

Just wanted to let you guys know that…

Just wanted to let you guys know that somebody is claiming to be you guys. That’s why I gave the one star. A guy name Steve called me from (812)487-0634 and (812)297-4902. If you anyone receive a email with this form lendingpoint.wpcomstaging.com/ it’s a scam and it’s not the real lending point.


JA

06 October, 2021

trustpilot-stars

Great Experience

Great Experience, Great Customer Service with Toya Smalls ,She made the process A+.


QUALITY RESIDENTIAL SERVICES

06 October, 2021

trustpilot-stars

Fast approval and fast funding when I…

Fast approval and fast funding when I needed it


KENNETH STREATER

05 October, 2021

trustpilot-stars

After telling me I was approved for a…

After telling me I was approved for a loan they said their underwriter determined I haven’t had my bank account for a year I was now declined when I told I’ve had this account for multiple years and had proof the consumer service representative continued to repeat the same statement “the underwriter determined you haven’t had the account for a year” absolutely the worst


JON “DJ BRING IT” MELENDEZ

05 October, 2021

trustpilot-stars

Fast and easy!

Where do I even begin. When you want fast and hassle free, just stop the searching and go to LendingPoint. Customer service was top notch. Easy easy easy process. I got approved so fast I started in the morning and before I got out of work I was approved. My guy Shakim Tilley got it done and fast! This man was polite and just made this the best experience ever. I never leave reviews but felt like I needed to.


ALEX TAVOUR

05 October, 2021

trustpilot-stars

Quick

Quick, Easy, and Just In Time A+++ Service


CH

05 October, 2021

trustpilot-stars

Excellent Service

Very efficient process with the loan funded quickly. Shakim Tilley did a great job. Thanks.


ANGIE

05 October, 2021

trustpilot-stars

Stellar, Professional Service

Justin and the the team at LendingPoint are amazing! They are fast and efficient. No hoops to jump through, just friendly, professional service.


CHERIE WILLIAMS

05 October, 2021

trustpilot-stars

From start to finish my lending…

From start to finish my lending experience was the best. I will be returning to Toya for any future needs.


DEBBIE BEATTY

04 October, 2021

trustpilot-stars

There is a company out there pretending…

There is a company out there pretending to be you - they are scamming people. That's why I gave the low review. I have contacted FTC & reported them. As of today one of the numbers they are using is (404) 796-3034 & (770) 966- 3034 - just wanted to let your company & anyone looking at your company to now there are imposters out there.

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