LendingPoint: Personal Loans Review

  5,442 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   5,442 Reviews

trustpilot-stars

CYNTHIA

15 hours ago

trustpilot-stars

Outstanding Company. I would like to commend Lending Point…

I would like to commend Lending Point for having an exceptional employee Keri Chang in your employ. She was so patient with working with me to get the needed imformation for both our sides as the phone line kept cutting in and out. We completed everything when she called me back. She even verified my due date could be on the 28th of each month as I requested. She was courteous, knowledgable, professional with a very pleasant personality. Thank you.


MICHAEL TURPIN

16 hours ago

trustpilot-stars

Great customer service

Aundre’onna Colbert was very professional and helpful with the process. She was very knowledgeable and explained everything that I had questions about.


KAHLA JOEKEMA

18 hours ago

trustpilot-stars

The people with this company were…

The people with this company were really friendly and helpful the whole entire time I was signing up. From the first people I talked to(whom I unfortunately don't remember their names) to Javi and Josh with completing everything.


SUE JONES

19 hours ago

trustpilot-stars

Outstanding customer service and stress free to get a personal loan

I worked with Arianne Bassols who is a great value for Lending Point. She made the process to get a personal loan stress free, it was a pleasant and refreshing experience. She helped me with all my questions and concerns in a quickly manner. The experience is a true company and should always be rated "5". It takes no more than ten minutes to complete the application. Within minutes of me completing my application I got a email about the process and to simply reach out to them with any concerns. I was approved the very same day I filled out my application. The next business day my funds were in my bank account.I would use Lending Point again and recommend to my family and friends. If you want a stress free process to get a loan then use " Lending Point" Ask for Arianne Bassols she will take good care of you like family.


ROBBY

20 hours ago

trustpilot-stars

Everyone Read This

Hey everyone roberto c. , I don't write many reviews but Josh Shaw helped me through it all , we communicated on a level as if we have been friends forever haha the process was easy any question or concerns I had ..here comes Josh to the rescue , I got funded the next business day so that's a A+ , I would definitely recommend LendingPoint Thanks again RC


SHANE BROWN

21 hours ago

trustpilot-stars

Tammie was amazing and fast

Tammie was amazing and fast! Thanks


CLAUDE ADAMS

24 January, 2022

trustpilot-stars

Shakim Tilley is an asset to…

Shakim Tilley is an asset to LendingPoint. I needed a loan to move forward with some ventures and had the pleasure to work with Shakim. He kept everything on track and helped me reached my goal. This company is easy to work with and zero pressure.


KB

23 January, 2022

trustpilot-stars

Whole new perspective on loans!

Quick and easy, Shakim Tilley got on my application early in the morning and got my loan funded by the end of the day. He was straight forward with terms and what documents he needed. Never knew a loan could be so painless


LISA

23 January, 2022

trustpilot-stars

William Freel was great to work with

William Freel was great to work with. He was kind, considerate, and I felt he really wanted to help me. I appreciated him today and would recommend him to anyone contacting LendingPoint.


JASON LUNA

23 January, 2022

trustpilot-stars

Josh Shaw was great to work with will…

Josh Shaw was great to work with will work with him again in the future


MICHAEL JUAREZ

22 January, 2022

trustpilot-stars

Josh was awesome & understanding!

Josh was awesome & understanding!


KENYA ADAMS

22 January, 2022

trustpilot-stars

Arianne Bassols was very thorough

Arianne Bassols was very thorough. I really appreciate her excellent customer service.


EDUARDO GILES

22 January, 2022

trustpilot-stars

Tammie Jones wonder customer service

Tammie Jones wonder customer service. I was in a little jam but Tammie helped me out and got me out of my problem.


ANDREW

22 January, 2022

trustpilot-stars

Much Appreciated

I fully appreciate the Lending Point team. They've been helpful, respectful, and understanding. Great company to work with for personal loans.


JEFFREY M.

22 January, 2022

trustpilot-stars

Great Service!

I spoke with Jessenia Vasquez about my loan, and she was very friendly and knowledgeable. The process was very easy, and Lending Point is a great company to do business with.


CHARLIE HICKS

21 January, 2022

trustpilot-stars

Thank you to Shakim Tilley.His…

Thank you to Shakim Tilley.His communication was everything!! He’s very professional. Thank you again for all your work !!


TINA MACK

21 January, 2022

trustpilot-stars

very prompt company

I am very impressed with the great customer service and quick responsiveness with this company. Shakim was my loan officer and was great! I was approved within 2 days and funded promptly.


ERIC

21 January, 2022

trustpilot-stars

Easy and fast approval and you get the money fast.

Easy and fast approval and you get the money within 1 or 2 business days.


CHANTE FRANCOIS

21 January, 2022

trustpilot-stars

Tammie was such a big help and got me…

Tammie was such a big help and got me funds quickly! She was easy to talk to and explained everything very well. Such a big help !


PAUL LISA

21 January, 2022

trustpilot-stars

Great customer service

Great customer service and ease of using the website to apply for my financial needs. Danielle V. was helpful and made sure everything was in place to properly move forward to get the deal done!


SHANNON WILLIAMS

20 January, 2022

trustpilot-stars

Aundre’onna Colbert was exceptionally…

Aundre’onna Colbert was exceptionally helpful and polite. She was not pushy at all about more financing. She was genuine and gave me options so I could choose. The process was so quick and not stressful at all! I am so pleased and impressed with her and the company, as well! Thank you


CATHRYN VAUGHAN

20 January, 2022

trustpilot-stars

Life savers!!!

I found myself in a financial emergency. I had less than a week to get a loan, get it into my account, and pay what needed to be paid or I was going to lose everything. I explained how urgent my situation is and Shakim promised to put a rush on it. Within three hours everything was done and I’ve Just gotten my email saying that the funds are being released. That is such a relief. I feel like a weight has been taken off of my shoulders ! I am so thankful for this company, and especially to Shakim Tilley, who understood the urgency of my situation!!


ANTHONY SNYDER

20 January, 2022

trustpilot-stars

Jessenia was amazing

Jessenia was amazing! I couldn't ask for a better experience. She was knowledgeable, prompt, experienced, worked hard for me and most of all kind. We need more individuals like her in the world working in customer service and/or dealing with clients. She made sure I was happy and always went the extra mile for me. I couldn't brag enough. She deserves a raise, if not, a pat in the back and someone take her to lunch! Lol Sincerely, Anthony J Snyder (satisfied client)


JOHN HAZE

20 January, 2022

trustpilot-stars

great service , positive attitude

Had some issues come up. Then I got Covid and missed some work . Lending point was on my Credit Karma app and said they were the best. Smooth process with great service from Sandra Meredith who made things easy with good communication and a positive attitude.


DEBORAH PATRICK

20 January, 2022

trustpilot-stars

I was in the hospital for COVID…

I was in the hospital for COVID Pneumonia for 10 days, I had no income coming in. I was out of work from Dec 4th - Jan 11th. I called Lending Point very stressed out while I was in the hospital to find a solution and Lending Point was extremely understanding, the lady I spoke to was very respectful and patient since I was struggling to speak because of my breathing issues. In Jan I called back because my daughter started a Go-Fund Me account for medical bills and I used some of that money to make a good faith payment and was then offered the Hardship COVID Relief Program. I was so grateful / I am so grateful that Lending Point was there when I needed them. Thank you, Lending Point for doing the right thing, and for giving people hope.


CATHY BUSTIN

20 January, 2022

trustpilot-stars

Shakim Tilley

Shakim Tilley, my loan officer, made this experience of applying for a personal loan unbelievably easy, transparent, and efficient. He was responsive to my questions, assisted me in using electronic technology I wasn't familiar with, and was sensitive with personal financial information. Excellent.


CORY BRANTNER

20 January, 2022

trustpilot-stars

This place is a joke I was approved and…

This place is a joke I was approved and signed my stuff and then the next second I was denied! 😅 they can shove this loan!


TED ERSEK

20 January, 2022

trustpilot-stars

Applied and said was approved but…

Applied and said was approved but couldn't login to finalize application! Tried to email company to mo avail!!


DIANA OLIVEIRA

20 January, 2022

trustpilot-stars

The process was very easy and was…

The process was very easy and was processed very fast. I would definitely recommend LendinhPoint.


MOE B

19 January, 2022

trustpilot-stars

I just recently had covid I missed…

I just recently had covid I missed three weeks of work got behind on my bills didn't know anything about the relief plan. She asked me what's going on I told her I had covid and she tell me all about the relief program it was a good experience with customer service.


A.D. REED

19 January, 2022

trustpilot-stars

This was the easiest loan process that I ever went through, HANDS DOWN!!!!

This was the easiest loan process that I have ever done bar none & my account rep Justin was communicated with me very well & displayed excellent customer service!!!! I would recommend Lending Point to anybody who is in need of a loan for whatever reason! Lending Point will get the job done!!!!


KRIZIA YAHARA VARGAS GARCIA

19 January, 2022

trustpilot-stars

The Loan specialist was patient and kind through…

The loan specialist was patient and kind through the whole process. He made a difficult moment a little better through his kindness.


BRIAN CARLSON

19 January, 2022

trustpilot-stars

I had a very great experience with…

I had a very great experience with Lending Point! Toya Smalls was great and helped me through the process when I needed assistance completing my application. The whole process was very easy and quick. Thank you again,Toya !!


JAYCEE C.

19 January, 2022

trustpilot-stars

I applied for my loan 7 days ago and I…

I applied for my loan 7 days ago and I was told I was approved the same day. I still haven’t received my funds. This is insane. I’ve called twice and both times I was told to call my bank. My bank is saying they don’t see the funds. I read the reviews which is why I initiated the whole process. The whole reason was for an emergency. So far this has been a really bad experience.


CB

19 January, 2022

trustpilot-stars

The process

It was very quick and easy. The loan specialist Rahjan was very pleasant to talk with.


KRISTIN

19 January, 2022

trustpilot-stars

Fast and simple

The approval process was fast and simple! Shakim Tilley was quick to respond and helped answer any questions we had at the time.


CHRIS RUTHERFORD

19 January, 2022

trustpilot-stars

Great service

Was able to help me through the process and answer all of my questions


TAMMY POWELL

19 January, 2022

trustpilot-stars

Great service

Great service, fast approval and fast funding.


ANDREW KYABASINGA

18 January, 2022

trustpilot-stars

Lending point was there when I needed…

Lending point was there when I needed them!


BERNADETTE SAVOY

18 January, 2022

trustpilot-stars

Loan Refinance

Aundre’onna Colbert was very helpful. She answered each of my questions in a clear, respectful manner. She was very patient with me throughout the process and was timely with a response.


MATTHEW NEIE

18 January, 2022

trustpilot-stars

LendingPoint has been excellent

LendingPoint has been excellent! From start to finish, they make the process very easy and understandable! Very satisfied and highly to recommend!!


JAN TUTWILER

18 January, 2022

trustpilot-stars

Toya was very helpful in processing my…

Toya was very helpful in processing my loan request.


MATT DAVISON

18 January, 2022

trustpilot-stars

Quickly got a personal loan

Quickly got a personal loan, very simple process. Thanks LendingPoint.


TERESA

18 January, 2022

trustpilot-stars

I had a great experience

I had a great experience. My customer agent, Justin was efficient and knowledgeable, he made the experience easy for me. Thank you


BECKY DE LA GARZA

17 January, 2022

trustpilot-stars

I had a great experience with Lending…

I had a great experience with Lending Point. I spoke with Shakim Tilley and he was very helpful. The whole process took less than 1 day. I refer all my friends.


DB

16 January, 2022

trustpilot-stars

Ari was amazing

Ari was amazing, thorough, and extremely helpful!!


ANGELA BARRIE

15 January, 2022

trustpilot-stars

Thank you Lending Point

Thank you Lending Point! I've needed assistance on several occasions due to Covid and you have assisted me tremendously in regards to help with my monthly payments.


ALICE F TAYLOR

15 January, 2022

trustpilot-stars

Online loan scammers

I was trying to borrow $3000 for a couple of weeks and my credit score was low.They called me on the phone and wanted to help,So I first talked to a Mary and then I spoke to Steven Holland.He was going to help but said he had to bring my credit score up.He said if I had credit card that he could do it by me sending him a gift card over the phone.I didn't want to do it but I did.When he got it he had to add money on my credit card because I had it maxed out.I sent him the card and he made the payment to Credit one.I had just gotten scamed for $200.00 from another company.I told him about it so I guess he got the ideal from that.Then he had Mary to tell me I had to send another card because my score didn't go up that much.I argued with him but I did it.All the time he was telling me how honest he was and so this time i sent a $360.00 card and we waited for the score to rise.This was a week before Christmas and Steven was going on vacation until the first of the new year.So now I am dealing with Jason Rodreques and Mary and now he tells me that they need money for insurance on the loan and I said no.They sent me a email from Jacob Martin explaining about the insurance.They keep telling me that I had a loan and gave me a conformation no.69639810,but i first had to send another card for ins.This times I was buying the cards my card showed that they had made a express payment and if they hadn't I didn't have any money on the card then I couldn't have bought the cards because I had no credit on my cards.on 12-13 they made a payment for 356.95 and on the other card they made a payment for 380.95 and then on 12-15 they added to my card so i could buy cards and send to them.The amount was 279.95 and 405.95.After i bought they withdrew their payment.They scammed me for almost $2000.00.Another woman in the office tried to get me to give her my Bank information sign in and my password.Is this the kind of people that works for Lending Point?I will be reportin g this to the Attorney General Office in Georgia.I am a senior citizen on a fixed income.I can't afford to deal with crooks.This whole office is scammers.


SHARI BOYCE

15 January, 2022

trustpilot-stars

Tammie Jones at Lending point was…

Tammie Jones at Lending point was wonderful to work with. Everything was very professional and the process was very quick.


BORIS

15 January, 2022

trustpilot-stars

Keri Chang is the best

Keri Chang is the best. I am working on my own many years in the customer service field. She was excellent, explained everything very clear to me and made my experience easy going. Thank you, Keri :)

1

2

3

4

5