{"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":"2025-03-20T04:00:11","modified_gmt":"2025-03-20T11:00:11","slug":"universal-credit","status":"publish","type":"company_single","link":"https:\/\/financer.com\/company\/universal-credit\/","title":{"rendered":"Universal Credit: Is The Company Trustworthy?"},"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\n

Although conditions might differ from person to person, usually you can find loans ranging between $1,000 \u2013 $50,000 with an interest rate that starts at 11.69% and can go up to 35.99%.<\/p>\n\n\n\n

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.<\/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 Universal Credit review.<\/p>

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

Affordability<\/strong>\u00a0\u2013 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.<\/p>\n\n\n\n

Application process\u00a0<\/strong>\u2013 The whole process is quick, easy, and can be made online.<\/p>\n\n\n\n

Loan terms\u00a0<\/strong>\u2013 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.<\/p>\n\n\n\n

Transparency\u00a0<\/strong>\u2013 Universal Credit provides full disclosure of all terms and conditions before you apply for a loan.<\/p>\n\n\n\n

Customer support\u00a0<\/strong>\u2013 Universal Credit\u2019s 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.<\/p>\n\n\n

Apply for a loan with Universal Credit<\/a><\/div>\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<\/a> 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 48 lenders<\/h3>

Find the cheapest rate with one click<\/p>

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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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