I urge anyone thinking about a loan from Rise Credit to NEVER EVER do it. A $1000 loan will cost you monthly payments of $438 with APR around 298%! INSANE. This place ruins lives, does not help people. Predatory lending at its finest. If someone is taking out a $1000 loan, it means they are financially strapped. The payments to pay back will make you bankrupt. I have no clue how this is legal. The government needs to step in and stop these companies from loaning money to unsuspecting Americans.
Bottom Line: No, I would not recommend this to a friend
20 people found it helpfulLink to this Review
We’re sorry to hear of your dissatisfaction with your Rise Credit loan. Rise is designed to provide you with funds at the best possible price if other forms of credit are not available or are more expensive. Rise fully discloses all interest and fees associated with your Rise Credit loan prior to signing the loan agreement. We also provide a five-business-day rescission policy in the event that you decide Rise is not for you. We also advise you to pay your loan in full as quickly as possible to save on the interest. Please contact us at (866) 580-1226 or email@example.com if you have any further questions or if you need assistance.