Universal Credit Review (2025)

Universal Credit is an online lending platform that provides personal loans to borrowers, with a focus on those looking to consolidate debt or who may have less-than-perfect credit.

Although conditions might differ from person to person, usually you can find loans ranging between $1,000 – $50,000 with an interest rate that starts at 11.69% and can go up to 35.99%.

In this Universal Credit review you will learn everything there is to know about this company, how it works and how our team rates it.

Affordability – Universal Credit offers a high APR, ranging from 11.69% to 35.99%. While the maximum is typical in the US, the minimum rate could be lower.

Application process– The whole process is quick, easy, and can be made online.

Loan terms– The loan terms start at 36 months (3 years). Keep in mind that since the APR is paid monthly, the overall cost can be quite high.

Transparency– Universal Credit provides full disclosure of all terms and conditions before you apply for a loan.

Customer support– Universal Credit’s customer support can be find via phone, email, and their online platform. They work on Monday-Friday, 5am-7pm and on Saturday-Sunday 6am-5pm, Pacific Time.

Universal Credit is a financial company that operates in 47 states across the U.S. (not available in Alabama, Iowa, South Carolina, West Virginia, and Washington D.C.). The company is owned and operated by Upgrade, Inc., a financial technology firm founded in 2017.

Universal Credit has helped over 1 million customers pursue their financial goals since its inception. To give you a clear overview of Universal Credit, here are the key characteristics of their personal loan offerings:

Universal Credit receives generally positive reviews from borrowers, with a 4.8 out of 5 star rating on Trustpilot based on over 3,000 reviews. Many users praise the company's easy application process, fast funding, and helpful customer service.

Universal Credit offers personal loans designed to help folks tackle their financial goals, whether it's consolidating debt, funding a home improvement project, or covering unexpected expenses. Let's check them out.

Personal Loans

Universal Credit's bread and butter is their personal loan offering. These loans range from $1,000 to $50,000, with repayment terms of 36 or 60 months. The Annual Percentage Rate (APR) spans from 11.69% to 35.99%, including both the interest rate and the origination fee.

Speaking of which, Universal Credit charges an origination fee, from 5.25% to 9.99% of the loan amount. This fee is deducted from your loan proceeds, so keep that in mind when deciding how much to borrow.

Debt Consolidation Loans

While technically part of their personal loan offering, Universal Credit puts a special emphasis on debt consolidation loans. These loans are designed to help you pay off high-interest debt, potentially saving you money and simplifying your finances.

Universal Credit offers a feature where they can directly pay off your creditors, ensuring the funds go where they're supposed to. Plus, they offer a rate discount of 1 to 3 percentage points if you use at least half of your loan for direct debt payoff.

Their conditions are very similar to personal loans. With the discounts, these would be their characteristics: loan amount from $1,000 to $50,000, repayment terms between 36 and 60 months, and APR ranging from 8.69% to 35.99%.

Home Improvement Loans

Need to fix a leaky roof or upgrade your kitchen? Universal Credit's personal loans can be used for home improvements too. These loans work the same way as their standard personal loans, but the funds are designed for home-related expenses.

The conditions are the same as for personal loans: loan amount from $1,000 to $50,000, repayment terms between 36 and 60 months, and APR ranging from 11.69% to 35.99%.

Remember, while Universal Credit can be a solid option for many borrowers, it's always wise to shop around and compare offers before committing to a loan. Your financial situation is unique, and what works for one person might not be the best fit for another.

Feeling ready to move forward? Here's a step-by-step guide to applying for a Universal Credit loan. Don't worry, it's an easy and fast process.

You already know the available loans in Universal Credit and how to apply for it. But did you know the company offers several key features that set it apart from other online lenders? Let's check Universal Credit services out.

Remember, while Universal Credit can be a good option for many borrowers, especially those looking to consolidate debt or improve their credit, it's always wise to compare offers from multiple lenders before making a decision. This will help ensure you get the best possible terms for your financial situation.

After learning about Universal Credit's offerings, reviews, and reputation, it's time to address the million-dollar question: Is Universal Credit legit? Spoiler alert: the answer is a resounding yes!

Universal Credit is a legitimate online lending platform operated by Upgrade, Inc., a well-established fintech company founded in 2017. They've helped over a million customers since their inception and have built a solid reputation in the personal loan space.

Let's recap what makes Universal Credit stand out:

Universal Credit can be a great option for:

Not sure if Universal Credit is the right fit for your financial needs? Don't worry, there are other similar options. Check out some alternatives.

Upgrade

Upgrade is the main company at Universal Credit's group. Their personal loan also range from $1,000 to $50,000 with APR between 9.99% and 35.99%.

5k Funds

If you don't have a perfect credit, 5k Funds can be the best option. They're know for loans without a credit check.

Upstart

Upstart has a similar APR range and offer loans up to $50,000. Applying with them you can enjoy fast funding and no repayment penalty fees.

Remember, no matter what type of credit or company you're considering, Financer's Loan Finder is a free tool that helps you compare multiple offers in one place with just a few clicks. It's an easy way to shop around and potentially find better rates and terms.