Rise Credit Personal Loan Review (2026)
Rise Credit review: Extremely high APR loans (60%-299%) for bad credit. Fast funding but very expensive. Explore all alternatives before applying.
Well Suited For:
Loan Amount
$500 - $5,000
APR Range
60% - 299%
Funding Time
Next business day
Min. Credit Score
Flexible
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Overview
Rise Credit is a high-APR lender that serves borrowers with poor or no credit history. With APRs ranging from 60% to 299%, Rise is among the most expensive personal loan options available and should only be considered when all other alternatives have been exhausted. One notable feature is their rate reduction program, your APR can decrease over time with on-time payments, though you'll still be paying extremely high rates.
This is one of 22 lenders in our personal loan reviews. Before you commit to Rise Credit, it's worth seeing how its terms stack up against a broader personal loan search, and against installment loans if you want predictable payments over a fixed term. Consolidating debt? Compare it with a purpose-built debt consolidation loan as well.
Pros and Cons
Pros
- Accepts very poor credit
- APR can decrease with on-time payments
- Reports to credit bureaus for credit building
- No prepayment penalties
- Fast funding (next business day)
Cons
- EXTREMELY HIGH APR (60%-299%)
- One of the most expensive loan options
- Lower maximum loan amount ($5,000)
- Not available in all states
- Should only be used as absolute last resort
Loan Details
| Loan Amounts | $500 - $5,000 |
| APR Range | 60% - 299% |
| Loan Terms | 4 to 26 months |
| Funding Time | Next business day |
In-Depth Analysis
Rise Credit operates in the same high-APR lending space as NetCredit and OppLoans, serving borrowers that mainstream lenders reject. The APR range of 60% to 299% is extraordinarily high, a $2,000 loan at 200% APR over 18 months would cost roughly $3,200 in interest alone, meaning you'd repay over $5,000 total. Rise's rate reduction program is their attempt to provide value: as you make on-time payments, your APR can decrease for future loans. However, you're still paying extreme rates in the meantime. The only scenarios where Rise makes sense are when the alternative is even worse (utility shutoff, losing a job due to car breakdown) and you have no other options whatsoever.
Key Features
Fees Breakdown
Rise Credit's primary cost is the astronomical APR of 60% to 299%. There are no prepayment penalties, pay off your loan early to minimize interest costs. Origination fees may apply depending on your state. Late fees are charged for missed payments. The total cost of a Rise Credit loan can be 2-4 times the original amount borrowed if paid over the full term. Always calculate the total repayment amount before accepting.
Requirements
- No minimum credit score
- Valid bank account with direct deposit
- Verifiable income
- Active email and phone
- U.S. citizen or permanent resident
What to Expect as a Customer
Rise Credit receives positive reviews for their customer service and application process, which can feel incongruous given the extreme costs. The company is transparent about their rates and terms, and the funding process is quick. The rate reduction program gives borrowers something to work toward. However, positive customer experience doesn't change the fundamental math: these loans are extremely expensive and should be avoided if possible.
Who Is Rise Credit Well Suited For?
Rise Credit is for borrowers who have been rejected by everyone else and face an urgent financial need with no other solution. It is NOT a good option for anyone who can qualify elsewhere. Before considering Rise, exhaust all alternatives: credit unions, Oportun, Avant, community assistance programs, payment plans, and help from family or friends. Rise should be an absolute last resort.
Not sure your profile is a fit? If your score is the concern, our rundown of loan options for lower credit scores walks through what tends to get approved, and our fair-credit loan guide covers the middle tier.
Typical Rise Credit Borrower Profile
Based on available data, here's the profile of a typical Rise Credit borrower:
Credit Score
480
Monthly Income
$2,500
Loan Amount
$2,000
Average APR
175%
Loan Term
18 months
Top Purpose
Emergency expenses
Note: This represents a typical borrower profile and does not guarantee approval or specific terms. Your actual rate and loan amount will depend on your individual financial situation.
State Availability
Rise Credit is available in 33 states. The following states are not covered:
If you live in one of these states, consider exploring alternative lenders. State availability may change, so check Rise Credit's website for current information.
How Does Rise Credit Compare to Alternatives?
| vs Competitor | Choose Rise Credit if... | Choose Competitor if... |
|---|---|---|
| NetCredit | Rate reduction program for loyalty | NetCredit may have lower rates (34-99.99% vs 60-299%) |
| OppLoans | Rate reduction program, similar fast funding | OppLoans has lower maximum APR (195% vs 299%) |
| Oportun | No credit score required, fast funding | Oportun has dramatically lower rates (max 35.99%) |
How to Apply
Apply online with personal and financial information
Rise uses alternative data, no minimum credit score required
Receive a decision quickly
Carefully review the APR and total cost before accepting
If approved, receive funds by the next business day
The Bottom Line
Rise Credit should be your absolute last resort, only when you face a genuine emergency, have exhausted every other option, and the consequences of not having funds are severe. The APR of 60% to 299% makes Rise one of the most expensive ways to borrow money. Before applying, call 211 for local assistance programs, ask family or friends for help, negotiate payment plans with whoever you owe, try credit unions, and apply to lower-rate options like Oportun or Avant. If Rise is truly your only option, borrow the absolute minimum and pay it off as fast as humanly possible. The rate reduction program provides some hope for the future, but you'll pay dearly in the present.
Frequently Asked Questions About Rise Credit
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Disclaimer
This review is for informational purposes only. Rates, terms, and availability may vary and are subject to change. Always verify current terms directly with Rise Credit before applying. Fast Fair Loans is not affiliated with Rise Credit and may receive compensation from lenders in our network. See our Advertiser Disclosure for more information.