LendingPoint: Personal Loans Review

  4,710 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   4,710 Reviews

trustpilot-stars

LA BRE'A FAULKNER

03 August, 2021

trustpilot-stars

My experience with Lending Point in a…

My experience with Lending Point in a nut shell was indeed professional. My loan specialist Justin Baker was on point he made sure I was aware of exactly what I needed and answered all my questions plus got back to me with update very quickly. I'm a very satisfied and happy customer.


FRANCINE DURHAM

03 August, 2021

trustpilot-stars

Even though it took a week to get all…

Even though it took a week to get all documents in i was approved and the service was great and great employees thank you


CARBON QS

03 August, 2021

trustpilot-stars

My Loan specialist Josh Shaw walked me…

My Loan specialist Josh Shaw walked me through every step of the way! He went over the number as many times as I needed to understand everything. He also responded to any issued I had promptly as well as helped with the downloading of my documents. This new technology had me for a loop. However he made my experience easy and stress free! Thank you so much for all your help Josh !! I truly appreciate you! I was approved and it was really a fast and easy process !


JEREMY

03 August, 2021

trustpilot-stars

This was a great experience

This was a great experience! The customer service was amazing and the time between applying and getting the funds to help was perfect. Big shout out to Shakim Tilley. He did a great job dealing with me and always responded very quickly. Will use service again some day!


MARCUS TURNER

03 August, 2021

trustpilot-stars

The process was quick and simple

The process was quick and simple, Josh Shaw was very Professional and detailed in my progressions, will definitely recommended to others!!!


YERIDZA REGALADO

03 August, 2021

trustpilot-stars

LendingPoint is a great Personal Loan Company

LendingPoint offers a great customer experience and works with your needs with payments that are flexible to what you can afford!


LILIAN CRUZ

02 August, 2021

trustpilot-stars

Great customer service by Rahjan

Great customer service by Rahjan. All my questions and concerns were addressed in a timely manner.


NINKYBINKY

02 August, 2021

trustpilot-stars

LeadingPoint: Professional,Great CustomerService

Lending Point has given me the opportunity to pay off credit card balances, with a fast approval process. The employees have such a great personality and are very pleasant also awesome with keeping me updated with all during the process. Especially (Justin Baker) he’s an awesome person to work with, he seems to love his profession. Can’t wait to do business again.


ANNE

02 August, 2021

trustpilot-stars

Arianne Bassols was wonderful…

Arianne Bassols was wonderful throughout the process. Her persistence to connect with me goes beyond words, as we kept missing each other. In addition, she listened to me, did not push something that I could not afford, and answered all my questions to make sure that the funds would cover the need. Arianne is the reason that I did not respond to another lender's offer.


DIANA SIERRA

02 August, 2021

trustpilot-stars

I am very grateful to Justin Baker

I am very grateful to Justin Baker. He took the time to make it possible for me to get my loan approved. He went beyond my expectations to help me. I am very happy and grateful to him and to LendingPoint for giving me the opportunity.


ALETHIA W.

01 August, 2021

trustpilot-stars

Josh was 👍

Josh was 👍. I filled out the info online and Josh called me up and said you have everything we asking for and we will send you the money in your bank account in 24 or 48 hours. It was in there the next day. Thanks for Josh.


TODRA RICHARDSON

01 August, 2021

trustpilot-stars

If I could give them 0 stars I would

If I could give them 0 stars I would. This company pulled my credit score and jerked me around for almost 3 weeks before they declined my application stating my avarfe daily balance was too low. My score was almost 700 and I carry about 500.00 in my account daily, so when I questioned the decision the representative Joe was very rude and cold. My loan Specialist Brian really was no help and didn't keep into contact with me. Very upset that Credit Karma would recommend and this company knowing Im trying to fix my credit and needed this debt consolidation. Run fast from this company I know there are better loan companies out there.


BIG SHOTTA ’S

31 July, 2021

trustpilot-stars

I was well pleased with Rahjan he made…

I was well pleased with Rahjan he made my refinance easy. I would recommend family and friends to LendingPoint.


STEVEN OWLETT

30 July, 2021

trustpilot-stars

I appreciate LendingPoint

I appreciate LendingPoint. The process is easy to use and the service is outstanding. Justin Baker was fantastic! He is knowledgeable and excellent at communicating everything about my loan. Thank you, Justin!


C M

30 July, 2021

trustpilot-stars

Awesome service!

I needed to purchase a bunch of 3D printers in a hurry as demand for my products was getting overwhelming with my current equipment. LendingPoint approved my application for MORE than I asked for within 3 hours. I'm a real person and not a paid shill. Two thumbs up!!!


GREGG GORDON

30 July, 2021

trustpilot-stars

Easy, Fast and Friendly

The staff at eBay/Lending Point were very professional, courteous and helpful. The entire process, from inception to approval, was extremely fast and easy!


CINMAR

30 July, 2021

trustpilot-stars

Lightning fast decision and approval

Lightning fast decision and approval! Very impressed……Thank you!


ZAINA JAJAH

30 July, 2021

trustpilot-stars

My loan was approved in days even…

My loan was approved in days even though am now building my credit they did approve my loan and the lady that helped me Sandi was very informative and help me through all the way I just want to say thanks


JENNIFER BUSSELL

30 July, 2021

trustpilot-stars

Sandra was awesome

Sandra was awesome! Everything went very quickly and smoothly. I was impressed at how fast they get everything taken care of.


EDITA

30 July, 2021

trustpilot-stars

Sandra Meredith at Lendingpoint was…

Sandra Meredith at Lendingpoint was extremely helpful, sweet, professional and l am very grateful to work with her on my loan request. She had my loan approved in within min, she walked me through the process with so much respect and did a great job. Sandra l just wanted to send you a BIG THANK YOU!!!!! I would recommend anyone at Lendingpoint for loans and ask for Sandra Meredith, she is AWESOOOOOME😁👌🏼


ROMI LYN H. FITZGERALD

30 July, 2021

trustpilot-stars

Super fast process

Super fast process, very helpful team, received my loan the following day. Super A++++, thank you very much. I am very grateful, thank you.


M. TROTTER

30 July, 2021

trustpilot-stars

The loan process was quick and easy!

The loan process was quick and easy. Anisa was friendly and professional! Thank you


ALTON

29 July, 2021

trustpilot-stars

Honestly I haven’t gotten the loan yet…

Honestly I haven’t gotten the loan yet and no matter which way it goes I had a wonderful experience working with Josh, he made feel very comfortable during our phone call I felt like I was talking to a good friend he is wonderful at his job and deserves all the praise. Thanks my man! Wish nothing but the best for that guy and his family.


RA'GENE KELLY

29 July, 2021

trustpilot-stars

My experience was so simple and smooth

My experience was so simple and smooth. Anisa was so helpful and informative with everything I needed to do. Thanks so much Anisa for your service!


CYNTHIA

29 July, 2021

trustpilot-stars

It was a very pleasant experience

It was a very pleasant experience. This is my second loan with Lendingpoint and I would thoroughly recommend them to anyone in need of financial assistance. Every step of the process was explained in detail and the loan specialist, James Hodge, made sure that I was satisfied with the agreement before the loan was submitted for approval. The loan was disbursed the following day. Totally stress free!


MICHEA DANIELS

28 July, 2021

trustpilot-stars

Honestly the entire transaction was…

Honestly the entire transaction was seamless and transparent. I worked with Justin he was patient and honest throughout the process. Justin was out of the office and I had questions and his counterpart was just as pleasant. I highly recommend doing business with LendingPoint.


CHRISTINA DUBE

28 July, 2021

trustpilot-stars

Quick and painless process

Quick and painless process. Josh was so helpful in getting me approved in less than 24 hours. I would highly recommend this company!


REBECCA

28 July, 2021

trustpilot-stars

Fast, Friendly, and Easy

Rayven was fantstic to work with. She was friendly, clear on the details and fast. Over all a perfect experience.


MELYDA CONTRERAS

27 July, 2021

trustpilot-stars

I have the best experience with Lending…

I have the best experience with Lending point , I have an emergency that I need some cash and Josh Shaw my loan advisor understood my situation and make it happen with in 24 hours. Very satisfied !!!!!!!


GENE

27 July, 2021

trustpilot-stars

One of the easiest and most amazing…

One of the easiest and most amazing experiences ever getting a loan, even easier and better than Paypal Working Capital which is also very good. Total time less than five minutes to get approved once all documents were submitted. Thank you eBay seller lending program You guys are awesome.


JENNIFER AF

27 July, 2021

trustpilot-stars

The best experience ever so easy and…

The best experience ever so easy and thorough!! I have never experienced such professionalism !!!!!!thank you for your expertise


ROBERT

27 July, 2021

trustpilot-stars

What a fantastic program!

What a fantastic program!! It's quick, easy and the terms are very reasonable. This is the perfect answer to anyone in need of some financial capital to take their eBay business to the next level. Kudos to both eBay and Lending Tree!!


LAURIE

27 July, 2021

trustpilot-stars

Josh Shaw was totally fantastic

Josh Shaw was totally fantastic. He totally helped me through the process. Now with being in another state taking care of my dying mom, I can breathe easier to continue to take care of other things at home until my return.


ROBERTA WATT

27 July, 2021

trustpilot-stars

Great Job!!!

Shakim Tilley was nice, very thorough and helpful! He made this loan easy to apply and go through the process with ease. Hats off to him! If everyone at this company is as nice as he, I know I’ve made a good decision. This company took a chance on me when others didn’t!


DONNA BUTLER

27 July, 2021

trustpilot-stars

An amazing experience with LendingPoint

Josh Shaw was patient and ensured that I understood the impact that credit card use has on my credit score and the benefits of having a loan instead. He shared what to expect, and he responded promptly via email and assured me he would call if I requested to speak with him instead. He made me feel comfortable with my decision to use their company, and LendingPoint was thorough in their responses and assisted our family with our request. Thank you.


KEVIN

26 July, 2021

trustpilot-stars

Great service

You gotta give a raise to my loan rep. He was exceptionally helpful. He made the entire process quick and painless with a great attitude.


LH

26 July, 2021

trustpilot-stars

Awesome

Courteous and professional a simple process.


SAMSON ATWIJUKIRE

26 July, 2021

trustpilot-stars

It was easy and convenient working with…

It was easy and convenient working with those guys,they are very understand and they made it easy for me to understand and do the right thing.they made sure they update me on every step. I liked the service keep it up.😍😍😍😍😍😍


JOEL JOHNSON

26 July, 2021

trustpilot-stars

The service was great quick and easy

The service was great quick and easy


SMITH

25 July, 2021

trustpilot-stars

This was the absolute best experience I…

This was the absolute best experience I have ever had , In fact it was the second time Shakim Tilley has helped me , he made the entire experience pleasant and easy from start to finish . I highly recommend them to everyone ! Thanks Shakim job well done !


ANONBALLPLAYER

24 July, 2021

trustpilot-stars

Terrific and very clean process!

The loan officer Shakim was a true professional and very kind. The entire process was very smooth. Great technology and an extremely user friendly application process. I will definitely come back for any capital needs.


ALICE AKINGBADE

24 July, 2021

trustpilot-stars

Ms Rayven Keith is exceptional.

Ms Rayven Keith is exceptional. Friendly, professional and detailed. She’s an asset to Lendingpoint


GRANVILLE JOHNSON

24 July, 2021

trustpilot-stars

Excellent rep knows what he’s doing and…

Excellent rep knows what he’s doing and will get you what you need to get funded


ALBERTO

23 July, 2021

trustpilot-stars

Fast service, great communication

I had great communication with Josh Shaw, prompt response and professional. He took care of my processing right away within a few hours. I recommend Lending point as a legitimate and helpful company for financial lending matters.


M SPRINGER

23 July, 2021

trustpilot-stars

This company is a false hope.

This company is a false hope. Was told I would get a loan they went through process made a deposit in my bank put a hold on it then my bank sent it back to them for insufficient funds for the deposit and I got charged for a returned check. Called them explained what happened was told I was a lier and spent half of the deposit .they said don’t worry will make it Wright and you will get your loan we will call back in half an hour , was told that two times by senior loan officer it’s been two days not heard from him .. they are not what they say ..I gave them one star but it should be minus 5 stars .. not a good company be careful people who they talk to their out to get you!!!!! . M springer


TERRI CARLSON

22 July, 2021

trustpilot-stars

Entire process was very simple and…

Entire process was very simple and fast. Rayven was sure to explain everything very clearly and even repeated as to make sure I got all my info correct.


JEFFREY MILTON MANN

22 July, 2021

trustpilot-stars

Mr. Shakim Tilley, Sr. Account Manager

Mr. Shakim Tilley is the MAN!!!! He guided me through the incredibly easy process of procuring my loan. His customer service approach was second to none. The consummate professional in my opinion. His demeanor was very warm and approachable. I worked in the School of Medicine at a local University. If he had applied there I would have hired him on the spot. This man needs to be cloned!!! I cannot speak highly enough of my experience. Thanks Shakin. (You deserve a raise!!!)


BRAD

22 July, 2021

trustpilot-stars

Excellent overall process

Excellent process, knowledgeable staff and easy to upload pertinent information. Highly recommend if you have a Tier 1 credit score. Thank you Rochelle for your assistance! Cheers!


ROYSLYN JONES

21 July, 2021

trustpilot-stars

Very Easy Process

Lending Point and my loan officer made my experience a very smooth and easy process. I definitely will recommend this company to my friends for a loan.


ROB M

21 July, 2021

trustpilot-stars

I called to get a lower interest rate

I called to get a lower interest rate. This lowered my payment and I was eligible to get money sent to my bank with in 3 days and only add a year to my existing loan. The monthly payment Is $76 less. The loan agent was Very helpful knowledgeable and super fast.

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