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작성자 Angelika 작성일23-02-25 15:43 조회12회 댓글0건

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Peerform No Longer Offers New Personal Loans

Advertiser disclosure You're our first priority. Each time. We believe that every person should be able to make financial decisions with confidence. While our website doesn't feature every company or financial product on the market, we're proud that the advice we provide, the information we provide as well as the tools we design are impartial, independent, straightforward -- and completely free. How do we earn money? Our partners compensate us. This could influence the types of products we review and write about (and where those products appear on our site), but it doesn't affect our suggestions or recommendations, which are grounded in thousands of hours of study. Our partners cannot promise us favorable ratings of their goods or services. .

Peerform is no longer offering new Personal Loans
Peerform no longer offers any new or personal loans. Check out personal loans from banks, credit unions and online lenders.
Annie Millerbernd Lead writer • personal loans, "buy now, pay later" loans, cash advance apps Annie Millerbernd is an NerdWallet expert in personal loans. Before joining NerdWallet in the year 2019, she worked as a reporter for news across California and Texas, and as a digital content specialist at USAA. Annie's work has been cited by the and featured by The Associated Press, USA Today and MarketWatch. She's also been quoted in New York magazine and was featured as a guest on the NerdWallet's "Smart Money" podcast, as in addition to local television and radio. She is based within Austin, Texas.





Nov 22, 2022


Edited by Kim Lowe Lead Assigning Editor The consumer lending Kim Lowe leads the personal loans editorial team. Kim Lowe was hired by NerdWallet in the last 15 years, after managing content for MSN.com which included travel, health and food. She started her career as a journalist for publications which covered mortgage as well as the restaurant, supermarket and mortgage industries. Kim received a bachelor's degree in journalism from The University of Iowa and a Master of Business Administration from the University of Washington.







Many or all of the items featured on this page come from our partners who pay us. This influences which products we feature as well as the place and way the product appears on the page. However, this does not influence our evaluations. Our views are entirely ours. Here is a list of and .



Peerform, an online lender, which previously offered peer-to peer personal loans is no longer accepting new loan applications.
The lender offered mid-sized loans for those with bad and fair credit (scores below 690) through the peer-to peer model. A lender connects borrowers with investors that can finance their loans.
Peerform's loans were from $4,000 to $25,000, with an annual percent rate of 5.99% to 29.99% and a three-year repayment term.
>> MORE:
Alternatives to Peerform
There aren't many lenders that offer peer-to-peer loans these days, but banks, online lenders and credit unions may provide personal loans to borrowers with less-than-perfect credit. Find the one that can make you the most attractive loan offer.
See if you pre-qualify for a personal loan without impacting your credit score
Simply answer a few questions to receive customized rate estimates from several lenders.


Loan amount
on NerdWallet








Online lender
Some online lenders seek borrowers with strong credit and some lenders loan to those with weak credit scores or blemished credit histories. A consumer-friendly lender is at or below 36% and provides payments to all .
These lenders offer personal loans to those with good or poor credit.
The company previously offered peer-to-peer loans and now offers direct-to-consumer loans. LendingClub is a strong choice for borrowers looking to consolidate debts with high interest since it provides direct payments to creditors and discounted rates for consolidating debt loans.
lends to people across the spectrum of credit but has softer credit requirements than excellent or good-credit lenders. Upgrade provides rate discounts and credit-building options, such as the credit report summary as well as a credit score simulator.
uses more than just information from your credit reports and financial information to determine if you are eligible for personal loan. The lender takes into account information such as your employer and education in its underwriting. Upstart claims it will decide on approval in a matter of minutes and pay for the loan the following business day.
>> COMPARE:
The ratings of NerdWallet are based on the opinions of the editorial staff. The scoring formula is based on factors we consider to be a good choice for consumers, such as the impact on credit score, fees and rates customers' experience, and ethical lending practices.


The ratings of NerdWallet are based on the opinions of the editorial staff. The scoring formula takes into account the factors we believe to be consumer-friendly, including impact to credit score, rates and fees, customer experience and ethical lending practices.


NerdWallet's ratings are evaluated by the editorial staff. The scoring formula takes into account aspects we believe are friendly to consumers, such as the impact on credit score, fees and rates, customer experience and ethical lending practices.


Est. APR 8.30-36.00 Percentage

Est. APR 8.49-35.97%

Est. APR 6.50-35.99%

A loan term ranging from between 3 and 5 years

A loan term ranging from 2 to 7 years

Loan term between 3 and 5 years

Amount of loan: $1,000-$40,000

The loan amount is $1,000-$50,000.

The loan amount is $1,000-$50,000.

Min. credit score of 600

Min. credit score 560

Min. credit score None






Credit unions
often are lower than their competitors, but you must be a member in order to qualify.
Credit unions generally accept lower credit profiles than banks and some online lenders. Along with credit and income, a credit union may consider membership history when reviewing a personal loan application, which may assist fair or poor-credit customers qualify.
has broad membership requirements as compared with other credit unions. The credit union provides 24/7 customer support and is able to fund the loan within the same day you submit your application. The amount of loans ranges from $1,000 to $50,000, and repayment terms are one to five years.
The credit union is primarily geared towards military personnel and their families. Its personal loan rates are limited to 18 percent, which is the same for all federal credit unions. Navy Federal's personal loans are easy and flexible and offer repayment terms of as long as five years, and the option to get an co-signed, joint and secured loan.
Banks
Personal bank loans are often only available to existing customers with outstanding or good credit scores, however, some banks also offer personal loans to non-customerstoo.
The company offers more flexible loans for existing customers, with loan amounts as high as $50,000, repayment terms of one to seven years, and fast funding. Customers who are not customers can get up to $25,000 in loans and pay back the loan over a period of one to five years, and funding can take as long as four days. The bank operates in 26 states.
loans are available in 15 East Coast states and Washington, D.C. The bank lends in 15 states and Washington, D.C. there is no requirement to be an existing customer to get personal loan. The bank can quickly approve and fund the loan. The loan amounts range from $2,000 to $50,000. Repayment terms are three to five years.
How can you compare personal loans
Here are a few important aspects to look at when comparing lenders.
APR: A loan's APR represents its full cost, including interest and fees. This allows for an apples-to-apples comparison between the lenders as well as other financial products such as credit cards. The option with the lowest APR will be the cheapest overall.
Monthly payment: Even a loan with an APR of low could come with monthly payments that don't fit within your budget. Typically, a lender will give you a projection of your monthly payments in the event that you . Check out a calculator to determine if the loan size, rate and the repayment time frame will fit your budget.
Origination fee: An is a portion from the loan amount, usually between 1% and 10%, which a lender takes out before making the loan. It's a common fee among lenders online who focus on fair- and bad-credit borrowers. Although it's incorporated into your APR, it's still crucial to find out if you'll be charged this fee and how much it will reduce the loan amount.
Requirements for borrowing: Some lenders publish their borrowing requirements, which could include minimum credit scores, maximum debt-to-income ratio and minimum length of credit record. Websites like NerdWallet collect this information from lenders when they look over personal loans.
Other options: Compare other like funding time, whether the lender offers credit-building assistance, and customer service accessibility. All of these options are not superior to the benefits of a low interest rate and affordable monthly payment however they could aid in breaking the ties between two competing options.



About the writer Annie Millerbernd is an individual loans writer. Her work has appeared on The Associated Press and USA Today.







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