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Achieve Personal Loans Review 2023| US News

Find the Best Personal Loans for You

Lender
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APR
Loan Amount
Min. Credit Score
Lender
Learn More
APR
Loan Amount
Min. Credit Score
Lender
Learn More
APR
Loan Amount
Min. Credit Score

Achieve offers unsecured personal loans, including debt consolidation loans. Loans can be used for a variety of purposes, including:

If you’re ready to apply for an Achieve personal loan, begin the preapproval process by clicking “get started” on the lender’s website. You can check your odds of approval without hurting your credit.

If you qualify and you like your terms, complete the online application with the help of a loan consultant. Borrowers can apply on their own or with co-borrowers but not with co-signers.

The lender says it can approve applications the same day you submit and fund the loan within 24 to 72 hours.

Achieve provides fixed-rate personal loans ranging from $5,000 to $50,000 with repayment terms from two to five years. Loans are not available to residents of all states, and limitations may apply.

An origination fee of 1.99% to 6.99% of the loan amount applies, but borrowers do not pay application fees or prepayment penalties.

APRs are 8.99% to 35.99%, but Achieve offers qualified applicants rate discounts for:

  • Adding a co-borrower. A rate reduction may be available by applying for the personal loan with a co-borrower who has sufficient income.
  • Paying off debt. Using at least 85% of loan proceeds to pay off qualifying debt could help borrowers reduce rates.
  • Having retirement savings. Applicants could qualify for the lowest available rate with proof of sufficient retirement funds.
  • Opting into direct pay: If you let Achieve directly pay your creditors when consolidating debt, you could get a discount.

The minimum credit score to qualify for a Achieve personal loan is 620, which falls in FICO’s fair range.

Apply online and then speak with a loan consultant about eligibility. Keep in mind that the lender does not allow co-signers, which can help borrowers get approved, but does permit co-borrowers – and offers rate discounts for adding them to loan applications.

Achieve requires a 620 credit score for personal loans.

Achieve is headquartered in San Mateo, California, but it serves states across the country.

Achieve has an A+ rating with the Better Business Bureau. TrustPilot rates Achieve 5 out of 5 stars from over 4,000 reviews.

The Consumer Financial Protection Bureau received 22 complaints in 2022 about personal loans from Freedom Financial Network, and the financial services company provided a timely response to all complaints. The complaints mainly had to do with problems getting the loan and struggling to pay the loan.

You can call Achieve at 800-368-0061.

Achieve is an online lender with an online application process supported by loan consultants available by phone. The lender also preapproves borrowers online using soft inquiries, which do not harm credit scores, to check your chances of approval.

Borrowers are encouraged to make payments and manage account information online.

  • Borrowers who want personal loans of at least $5,000.
  • Co-borrowers who can take advantage of the lender’s rate discount.
  • Consumers who need to consolidate debt.

Sarah Goldberg
Sarah Goldberg

Sarah is a seasoned financial market expert with a decade of experience. She's known for her analytical skills, attention to detail, and ability to communicate complex financial concepts. She holds a Bachelor's degree in Finance, is a licensed financial advisor, and enjoys reading and traveling in her free time.

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