Upstart.com Reviews

Upstart.com
Based on 6  Reviews



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About Upstart.com

Upstart.com is a new website which is taking an interesting approach to personal loans, investment, and development by giving funds to recent college graduates so they can follow their dreams.

According to their website, too many college graduates take jobs they simply are not excited about because they need to relieve their financial burdens – student loan debt, living expenses, credit card debt, etc.

These financial obligations force these graduates to take jobs simply because they need to receive a paycheck, not because they are in a field that they are passionate about. Upstart wants to change this.

Upstart.com allows you to “fund raise,” or to locate financial backers who will pledge to you not only a certain amount of capital, but also their support and guidance as you move forward on the path you truly want to take.

These loans are intended to help you meet your financial obligations while undergoing an internship or apprenticeship, relocating to another city, or any other necessary move you need to make to start the career you really want.

In exchange for the loan you are given, you will be contracted to “share” a portion of your income for 10 years. The amount of the loan you are given is related directly to the amount of income you are willing to share, however you can borrow no less than $10,000 and share no more than 7% of your income.

In order to take part in this program, you must be 18 years old, a US citizen, have a valid email account, and have graduated from college within the last five years or are scheduled to graduate within the next two.

Also, this program is only available right now for residents of 28 of the 50 states, as well as the District of Columbia. Applicants who are wondering if they are eligible should check the webpage for the specific states who allow participation.

If you have any experience with this company, please leave your Upstart.com reviews below.

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6 ‘Upstart.com’ Reviews
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1 Review

Look elsewhere!!!



June23, 2019

Oh my gosh!!!
They would not accept my CRNA licensure from LARA but instead wanted a transcript from my graduate school instead. My licensure is a much higher level of document than the transcript but the staff collections personnel just did not get it or seem to want to understand.
You need to jump through flaming hoops to get any money from this entity at a decent interest rate which is what is inferred from initial mailing documentation but their offer comes in at 24-28% interest rate.
I agree with the above comment, just pay your loan off the old fashion way, one payment at a time, and forget about this internet loan company.
VERY MISLEADING---BAIT AND SWITCH PHILOSOPHY
STAY AWAY!!!!!!!

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2 Reviews

Don't bother



January25, 2018

Tried several different times to obtain a loan but have an issue because of a bankruptcy in my past. Last time I tried (December 2017) they told me to try again in 30 days. Waited about 45 days and tried again. Told me they can't help because of the bankruptcy. So then why didn't you tell me to try again? They don't care about helping anyone.

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1 Review

Dont believe the hype.



May22, 2017

Be wary of high interest and the bait and switch tactics which are in full effect with this one. After receiving ALL of your personal info, and a congratulatory letter, they find some trivial nuance to later decline you. Basically something is amiss in their review process. Felt phishy.

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1 Review

Don't get a load with Upstart



April21, 2016

Upstart has terrible interest rates and there whole spiel is that they can let you know if you are approved without affecting your credit score. However, even if you provide accurate proof of all the information you provided in the pre-approval process they can still reject you in the final step. And this rejection is AFTER they have strung you along saying you are approved and they have already negatively affected your credit score. The whole thing is a sham and just poor form.

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1 Review

Overseas military need not apply!



April9, 2016

I qualified for a great rate, but once they discovered I was deployed overseas in the military (disclosed by me) but still with a home in the U.S., they stopped the proccess and revoked their approval. Wonderful thanks for keeping them safe.

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1 Review

upstart...missleading...



December23, 2015

They send you offers in the mail at a low interest rate and once you go through the application process, you get to see what they REALLY will charge you in interest. For me, they tried take on a rate of 29.8%! Forget this silliness and pay off your debts the old fashion way...one dollar at a time...

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