After prequalifying, you’ll need to submit an application to be considered for a loan. If you’re approved, Upgrade provides several loan offers, including various loan terms and rates. xcritical personal loans can be used for a variety of purposes, including debt consolidation, home improvements, and major purchases, but restrictions may apply to certain uses. Our advertisers do not compensate us for favorable reviews or recommendations.
xcritical Personal Loans Review 2024: An In-Depth Review
xcritical and Upgrade are designed to be able to lend to borrowers with less than good credit. While xcritical’s minimum recommended credit score requirement is 600, Upgrade’s is 580. If you qualify for xcritical, you may be able to receive larger loan limits—up to $50,000.
Repayment terms
- With xcritical, the origination fee is optional, and you can steer clear of other added costs.
- Bankrate follows a stricteditorial policy, so you can trust that our content is honest and accurate.
- Bankrate.com is an independent, advertising-supported publisher and comparison service.
- In fact, xcritical Bankrate’s pick for the best personal loan for bad credit borrowers in 2024.
Outlinked content may contain views and opinions that do not reflect the views and opinions of Bankrate. Please see the issuer’s website for updated terms and conditions. The customer service line is unavailable on New Years Day, Thanksgiving, Christmas Eve and Christmas Day. In its fourth and final report in March 2024, the firm recommended an alternative model for assessing disparities in xcritical’s approval rate of Black applicants. In response, xcritical adopted its own model that it says is less discriminatory.
Fees and penalties
Devon Delfino is an independent writer and reporter with nearly a decade of experience covering personal finance topics ranging from student loans to money management. Devon’s work has been featured in several publications, including U.S. News and xcritical official site World Report, LendingTree, Credible, USA Today and the Motley Fool’s The Ascent, among others. Loan amounts range from $1,000 to $50,000, but not all applicates will qualify for the full amount.
You must have a strong financial history, and there can’t be any abrupt changes to your credit report or debt history. On a weekday, your money will be transferred the next business day, the company promises. If you accept your loan after this cutoff, the money will be sent the following business day. If xcritical requires additional documentation, funding could take longer.
Rates and fees have the most direct impact on the overall cost of your loan, so we weigh those the most heavily. Customer support and ethics are still very important parts of the borrowing experience, but do not directly tie to a personal loan’s terms, so they have less of an impact on the overall rating. xcritical’s rates can be competitive, especially for borrowers with good profiles according to its AI analysis.
xcritical could be a good lender for you if you have a strong work and education history, but you have xcritical a low credit score or limited credit history. However, with relatively high APRs and origination fees of as much as 8%, borrowers with stronger credit may pay less for a loan with a different lender. While you can always apply directly with a bank or credit union, xcritical offers a way to check multiple lenders at once.