Note: Fortuna Credit is no longer in operation. This review is kept for informational purposes. If you need a personal loan, check out our best personal loans comparison.
Fortuna Credit was an online lending marketplace that offered personal loans up to $25,000 from a wide range of approved lenders.
With Fortuna Credit, borrowers could apply for a personal loan online in minutes and get loan offers from various lenders. These online loans started at $500 and could be repaid over up to 60 months.
Founded in 2020, Fortuna Credit was available in all states and used its technology to match borrowers with lenders across the U.S.
How We Rate Fortuna Credit
At Financer, all lenders go through a thorough research and review process. Here's how we rated Fortuna Credit before it closed:
| Category | Rating |
|---|---|
| Affordability | ⭐⭐⭐ |
| Application process | ⭐⭐⭐⭐ |
| Loan terms | ⭐⭐⭐⭐⭐ |
| Transparency | ⭐⭐⭐⭐ |
| Customer support | ⭐⭐⭐ |
| Overall | ⭐⭐⭐⭐ |
Fortuna Credit Is Now Closed
Fortuna Credit is no longer accepting new loan applications. The lending marketplace has closed. For alternatives, compare personal loans from active lenders on our comparison page.
Here's what we cover in this review:
This review covers Fortuna Credit's features, pricing, pros and cons, and alternatives now that the service has closed.
Fortuna Credit Overview
Fortuna Credit offered loans from $500 to $25,000 with APRs starting at 4.99%. They were not a direct lender but used their technology to match borrowers with loan offers from the most suitable lenders.
Fortuna Credit accepted loan applications from borrowers with bad credit.
Borrowers had up to 60 months to pay and the approval process was fast.
Here's a quick summary of Fortuna Credit:
| Overview | Features |
|---|---|
| Loan type: | Personal loans |
| Loan amount: | $500 - $25,000 |
| Loan term: | 24 to 60 months |
| APR: | From 4.99% |
| Min. credit score: | None |
| Monthly fees: | None |
| Payout time: | One business day |
| Weekend payout: | No |
| Requirements: | At least 18 years oldU.S. citizenActive bank accountRegular incomeValid phone number and email |
Fortuna Credit was committed to providing loan options regardless of credit score - this was one of the great benefits of this lending marketplace.
Fortuna Credit also offered a range of financial tools for borrowers free of charge.
Note: Fortuna Credit has closed. For similar services, see our best personal loans comparison.
Fortuna Credit Pros and Cons
Here are some of the pros and cons of Fortuna Credit as a lender (note: the company is now closed):
Pros
A lending marketplace operating in all U.S. states.
All credit types are acceptable.
No collateral is required for unsecured personal loans.
A streamlined and straightforward application process.
Simple and 100% free application process with a quick turnaround.
Qualify within minutes and receive your funds the next business day.
No credit check is required and the initial Fortuna Credit application won’t affect your credit score.
Fortuna Credit was seen as one of the top lending marketplaces for U.S. borrowers as it had an extensive range of approved lenders onboard.
With the Fortuna Credit platform, borrowers could get fast payouts from lenders as soon as the next day on approved loans. This meant borrowers could apply online without visiting a lender's office in person.
As Fortuna Credit specialized in unsecured loans, you didn't need collateral to apply.
One of the best features of Fortuna Credit was its 100% free application process.
Borrowers with bad credit could also apply as there were no minimum credit score requirements, making Fortuna Credit a good option for people with lower credit scores.
Cons
APRs can be high
No phone support
One drawback of Fortuna Credit was that they didn't offer support via phone.
They did have an online contact form available and borrowers were encouraged to contact their lenders directly with any questions.
Since they worked with a range of U.S. lenders, some APRs on loan offers could be high, so comparing rates and terms was always recommended.
Who Is Fortuna Credit For?
Fortuna Credit was ideal for borrowers who were looking for a fast online loan application process. It was also ideal for borrowers with bad credit.
By comparing multiple lenders, Fortuna Credit could give you personalized loan offers from leading U.S. lenders and there were no application fees.
If you're looking for the best loan rates today, check out our personal loans comparison for active lenders.
Eligibility Requirements
Here were the loan requirements when applying for a Fortuna Credit loan:
Be at least 18 years old.
Be a U.S. citizen.
Have an active bank account that accepts direct deposits.
Have a regular stream of income.
Have a valid contact number and an active email address.
No minimum credit score is required.
Who It Was For
Fortuna Credit was for you if:
You have a less-than-perfect credit history
You want to get multiple loan offers
Need funds fast
Don't have collateral
Want to complete an online application
Who It Was Not For
Fortuna Credit may not have been a good option for you if:
You want the lowest APR rates
Need a loan of more than $25,000
Want to take out a secure loan
How To Apply for a Fortuna Credit Loan
Applying for a Fortuna Credit loan was fast and easy. Here were the steps:
Once a loan was approved, customers could communicate directly with their individual lenders to get personalized information.
Loan amounts ranged from $500 to $25,000 depending on the lender.
Each loan contract contained different requirements. It was essential to thoroughly read the agreement before committing.
What To Consider Before Applying
To make sure you understood the costs involved in any loan, it was always important to research the offers from lenders and look for origination fees, prepayment penalties, late fees, and more.
We always suggested double-checking any policies and terms before agreeing to a loan from a lender, as Fortuna Credit just operated the marketplace and did not guarantee terms.
Although there was no minimum credit score required based on our Fortuna Credit review, keep in mind that the lender might have done a hard credit check to determine your eligibility when you completed your loan application.
Fortuna Credit Fees
APRs differed between lenders and typically started from 4.99%. There were NO fees associated with using the Fortuna Credit site, though many lenders had their own fees. Fees were dependent on the lender, not Fortuna Credit.
There were no prepayment penalties or hidden fees. Borrowers were encouraged to contact their lender directly if they were unsure about affording repayments.
Fortuna Credit Payment Terms
The repayment terms ranged from 24 to 60 months. Fortuna Credit did not determine the rates and terms, as these were decided by the lending partners.
Some lenders allowed payments to be debited automatically from your account to help you avoid late or missed payments. Payment schedules and late payments were worked out directly with the lender.
How Financer Rates Fortuna Credit
Is Fortuna Credit legit? Fortuna Credit was a legitimate lending marketplace, but it has since closed and is no longer accepting applications.
At Financer, all lenders go through a thorough research and review process. We don't make recommendations lightly.
All loan applications were done through their online platform with a simple process that took a few minutes to complete. Borrowers could log into their dashboard to see new loan offers and the status of their existing applications.
Application Process
The application process with Fortuna Credit was quick and easy. It took only a few minutes to complete the steps and get loan offers.
Costs
There were no fees associated with using the Fortuna Credit platform. Note that lenders charged their own fees and APRs varied by lender.
With loan APRs typically starting at 4.99%, this was quite standard compared to other short-term lenders in the U.S.
Payments
Most lenders on the Fortuna Credit platform allowed for loans to be repaid over up to 60 months, which aligned with most other lenders.
Customer Service
Fortuna Credit lacked a bit in terms of customer service as they only offered support via email. They didn't offer phone support.
We tested out Fortuna Credit's customer service by requesting information via email. We received a confirmation of our inquiry immediately and received a formal reply a few hours later.
Privacy and Security
Not much was available about how they handled customer information, except for their standard Privacy Policy.
Similar to other loan marketplaces and online lenders, Fortuna Credit collected and shared user information with partners in their network.
Fortuna Credit FAQs
Is Fortuna Credit legit?
Yes, Fortuna Credit was a legitimate online lending marketplace that connected borrowers with multiple lenders. However, Fortuna Credit has since closed and is no longer accepting new applications.
Is Fortuna Credit still operating?
No. Fortuna Credit has closed its lending marketplace and is no longer accepting loan applications. For similar services, consider alternatives like PersonalLoans.com or CashUSA.
How much could you borrow with Fortuna Credit?
Fortuna Credit offered personal loans ranging from $500 to $25,000, depending on the lender you were matched with and your creditworthiness.
What were Fortuna Credit's APR rates?
APRs on Fortuna Credit started at 4.99% and could go up to 36%, depending on the individual lender. There were no fees to use the Fortuna Credit platform itself.
Did Fortuna Credit require a minimum credit score?
No. Fortuna Credit did not require a minimum credit score. They accepted applications from borrowers with all credit types, including bad credit. However, individual lenders in their network may have had their own credit requirements.
What are the best alternatives to Fortuna Credit?
Good alternatives to Fortuna Credit include PersonalLoans.com (loans up to $35,000), CashUSA (loans up to $10,000), BadCreditLoans (specializes in bad credit), and Fast5KLoans (loans up to $35,000). Compare all options on our best personal loans page.
Fortuna Credit Alternatives
Since Fortuna Credit has closed, here are active alternatives and how they compare:
| Lender | Reviews | Loan Amount | APR | Max. Loan Term | Bad Credit? |
|---|---|---|---|---|---|
| Fortuna Credit | View | $500 - $25,000 | From 4.99% | 24 - 60 months | Yes |
| PersonalLoans.com | View | $500 – $35,000 | 5.99-35.99% | Up to 6 years | Yes |
| BadCreditLoans | View | $500 – $5,000 | 5.99-35.99% | Up to 2 years | Yes |
| CashUSA.com | View | $500 – $10,000 | 5.99-35.99% | Up to 6 years | Yes |
| Fast5KLoans | View | $500 – $35,000 | 5.99-35.99% | Up to 5 years | Yes |
Should You Have Taken a Loan With Fortuna Credit?
Fortuna Credit was a legitimate lending marketplace that worked with reputable lenders throughout the U.S.
However, Fortuna Credit has closed and is no longer accepting new applications.
If you're looking for a similar lending marketplace, consider these alternatives:
- PersonalLoans.com offers loans from $500 to $35,000
- CashUSA connects borrowers with lenders for up to $10,000
- BadCreditLoans specializes in options for borrowers with poor credit
Compare all available options on our best personal loans page.
More Fortuna Credit Personal Loan Reviews
What Users On the Web Are Saying
Fortuna Credit had a 4.1 out of 5 star rating on TrustPilot based on 13 reviews. Reviews were generally positive, though the most recent review dates back to March 2022.
They had a five-star rating on Facebook, although most reviews didn't appear to come from legitimate customers.
More User Reviews
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