{"id":21558,"date":"2021-09-03T02:57:43","date_gmt":"2021-09-03T09:57:43","guid":{"rendered":"https:\/\/financer.com\/?post_type=company_single&p=21558"},"modified":"2025-02-21T04:30:16","modified_gmt":"2025-02-21T12:30:16","slug":"universal-credit","status":"publish","type":"company_single","link":"https:\/\/financer.com\/company\/universal-credit\/","title":{"rendered":"Universal Credit Review"},"content":{"rendered":"\n

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. <\/p>\n\n\n

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Do We Recommend Universal Credit?<\/h3>

Yes, we recommend Universal<\/strong> Credit <\/b>as a trustworthy lender. Skip to our full review below and see in details the Explore Credit review.<\/p><\/div>\n\n\n

How We Rate Universal Credit<\/h2>\n\n\n\n
Category<\/th>Rating<\/th><\/tr><\/thead>
Affordability<\/td>\u2b50\u2b50<\/td><\/tr>
Application process<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr>
Loan terms<\/td>\u2b50\u2b50<\/td><\/tr>
Transparency<\/td>\u2b50\u2b50\u2b50\u2b50\u2b50<\/td><\/tr>
Customer support<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr>
Overall<\/td>\u2b50\u2b50\u2b50<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

What Is Universal Credit<\/h2>\n\n\n\n

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. <\/p>\n\n\n\n

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:<\/p>\n\n\n\n

Characteristic<\/th>Details<\/th><\/tr><\/thead>
Loan amounts<\/td>$1,000 to $50,000<\/td><\/tr>
APR range<\/td>11.69% to 35.99%<\/td><\/tr>
Loan terms<\/td>36 to 60 months<\/td><\/tr>
Application process<\/td>Fast and easy<\/td><\/tr>
Customers rating<\/td>4.8 out of 5<\/td><\/tr>
Origination fee<\/td>5.25% to 9.99%<\/td><\/tr>
Minimum credit score<\/td>580<\/td><\/tr>
Time to funding<\/td>As soon as 1 business day after approval<\/td><\/tr>
Best for<\/td>Debt consolidation, fair to poor credit borrowers<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

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.<\/p>\n\n\n

Apply for a loan with Universal Credit<\/a><\/div>\n\n\n\t\t

Compare loans from 45 lenders<\/h3>

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Universal Credit Loans<\/h2>\n\n\n\n

Universal Credit offers personal loans<\/a> 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. <\/p>\n\n\n\n

Personal Loans<\/h3>\n\n\n\n

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.<\/p>\n\n\n\n

Speaking of which,\u00a0Universal 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.<\/p>\n\n\n\n

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