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Personal loans offered through RISE are designed for consumers that require immediate access to financing.

In the event that you have had credit issues in the past, there is a chance that you will still be eligible for a RISE loan because the lender will look at more than just your credit history.

However, you should be informed that RISE APRs might be as extraordinarily high as possible, depending on the state in which you live.

If you have poor credit, RISE is a wonderful option for you to consider. Yet, there are other options that you should think about if you need one that has a lower annual percentage rate (APR).

RISE Overview

Elevate, a loan company established in Texas, operates the online lending platform known as Rise Credit. Borrowers with poor credit and individuals who are unable to obtain a loan from a conventional bank or an internet lender are the target customers for the company's installment loans.

Rise loans can have interest rates that are comparable to those offered by payday lenders; in some states, the maximum annual percentage rate on a Rise loan can exceed 299%.

Because of the high interest rates, getting one of these loans is an expensive approach to deal with a financial emergency.

RISE Credit Loans Highlights

  • Loan amounts: $500 - $5,000.
  • Loan types: Payday loan and Installment loan.
  • Credit check: Soft credit check to pre-qualify, hard inquiry will be placed on your credit reports when you are approved for and accept a loan.
  • Minimum credit score: Not disclosed.
  • Funding time: 1 - 2 business days.
  • Repayment terms: Up to 26 months depending on the state.
  • Interest rate: 60% - 299%.
  • Fees: No hidden fee.
  • BBB Rating: A+.
  • Easy to qualify for.
  • Fast Funding.
  • 5-Day Risk-Free Guarantee.
  • BBB rating A+.
  • High Interest Rate.
  • Small loan amounts.
  • Not available in all 50 states.
Bottom Line

Borrowers that require access to emergency financing are the target audience for RISE personal loans.

Where RISE Credit Loans Stand Out

Easy to qualify for

Even if you have a low credit score, you may still be eligible for a Rise loan.

Because to the high interest rates that accompany this type of loan, it should only be used in extreme circumstances, such as when there is no other way to pay for the immediate financial needs at hand. While it is true that Rise will work with customers that have lower credit scores.

Also, If you get a loan now, and pay it back on time, your credit score will go up, and you will have a greater chance of getting a new loan with a traditional lender at a better interest rate and with better terms.

Fast Funding

Simply fill out the application, and your results will be presented to you in a matter of a few seconds at most.

According to the website of the financial institution, application judgments are made in "a matter of seconds." After a loan has been accepted, according to Rise, it can be funded as soon as the following business day.

5-Day Risk-Free Guarantee

It's important to know that you after receiving your loan or advance, you will have a time limit of five business days to repay it.

According to Rise, In the event that you determine that the loan is not suitable for your needs, all you have to do is give them a call, make the principal repayment, and there will be no more charges.

Where RISE Credit Loan Fall Short

High Interest Rate

Rates on personal loans from Rise range from 36% to 299%, which is significantly higher than the national average of roughly 10%. Your annual percentage rate (APR) will be determined by several factors, including your income and credit history, as well as the state in which you reside.

The annual percentage rate (APR) on these loans can get quite high, and the lender is open about this fact, calling its loans "an exorbitant form of credit".

Still, the APRs can be lower than what you'd pay for a payday or title loan. However, we advise that Rise loans only be utilized as a very last resort, for things like unexpected auto repairs, medical bills, or extremely important trips.

Small loan amounts

RISE offers loans as low as $300 in some areas, and as high as $500 in most others, so there's no reason to go without a little extra cash if you only need it to get by. They offer payment plans with terms as long as 26 months.

Not available in all 50 states

If you currently have a loan, you won't be able to receive another one if you live in

  • Maine
  • The state of New
  • Jersey Rhode Island
  • Colorado
  • Maryland
  • New York
  • Vermont
  • Connecticut
  • Massachusetts
  • North Carolina (US state)
  • Virginia
  • Iowa
  • State of New Hampshire
  • Pennsylvania
  • West Virginia

Compare RISE to other lenders.

This comparison was developed so that you may see how various loan providers stack up against one another, and that is why we encourage you to shop around and see what options are available to you.

Use the table below to compare Rise loans to other types of loans, such as cash advances and personal loans offered by Cashusa.com.

We've included a table below that puts each of the three choices into direct comparison with the other two. You should also have solutions available to you that are not only reasonable in price but also feasible in terms of the payback terms.

The interest rate that is attached to one of the three loans that are described below is more favorable than the interest rate that is attached to the other two loans. The estimated ARP for this is as follows:

Cashusa.com and personal loans, both of which are well known for having an estimated APR ranging from 5.99% to 35.99%, do not charge interest rates that are excessively high for their customers.

On the other hand, Rise Loans has a publicly disclosed estimated annual percentage rate (APR) that is shockingly high, and they make this information available to customers who are considering using their services. The interest rate can be anywhere from 60% to 299% of the total amount.

Available Locations: Although loans from other lenders are available in each and every one of the 50 states in the United States, Rise loans are not one of the options available in those states.

Because of this, it is possible that Plain Green Loan will not be able to provide financial assistance to people who do not live within the boundaries of certain states.

BBB Rating: Another important factor in comparison is the rating that a lending company has received from the BBB. Personal Loan and Cashusa.com do not currently hold an A+ rating, which is the highest possible rating that a company can obtain from the BBB.

On the other hand, rise loans have received this high rating. This suggests that they have a good rapport with their customers and that a significant number of their clients are happy with their services.

Personal Loans™
Est. ARP
5.99% to 35.99%
5.99% to 35.99%
$500 - $5,000
Loan Amount
$1,000 to $35,000
$500 - $10,000
Not disclosed
CMin. Credit Score
No minimum credit score is required
No minimum credit score is required
No required
No required
No required

Other options are more suitable for borrowers who want a large amount and lower interest rate. Even though RISE is intended for borrowers who had credit problems in the past, its ARP is higher than other lenders.

RISE Credit Loan vs. Personal Loans™

Personal loans, on the other hand, provide borrowers with superior terms in comparison to Rise loans, one of which is the absence of a required minimum credit score. Rise Loans, in contrast to Personal Loans, charge their customers a higher interest rate.

However, the loan amounts that are available range from just $500 to $5,000, whereas the maximum loan amount that can be obtained through Personal Loans is $35,000.however, the interest rate on Rise Loans is still higher.

Personal loans, such as those offered by Rise Loans, do not necessitate a stringent credit check, but Rise Loans are only available in a select number of states. On the other hand, personal loans are easily accessible in every location.

RISE Credit Loan vs. Cashusa.com

In comparison to Rise Credit Loan, Cashusa.com offers a greater range of loan amounts to their customers, from $1,000 all the way up to $35,000.

Rise Loans, on the other hand, despite having an A+ rating from the BBB, only lends customers a maximum of $5000, despite the fact that they have an excellent rating overall.

Cashusa.com does not impose any sort of minimum credit score requirement on applicants for their loans, in contrast to Rise Loan, which remains silent on the subject.

Requirements for RISE Credit Loans

To qualify for RISE, applicants must be at least 18 years old, have a Social Security number, and have sufficient income or assets to cover the monthly payments. To be eligible for a personal loan from RISE, you will also need to demonstrate that you have a bank account that can be verified.

RISE Prerequisites for Potential Debtors

  • Credit Score: Not reported; nonetheless, it is known to target individuals with poor credit.
  • Income: Not stated, but may be subject to minimum state standards.
  • Age: 18+.
  • Citizenship: either a citizen of the United States or a permanent resident.
  • The Social Security number serves as a form of identification.
  • Checking accounts that can be verified as belonging to a bank.
  • Prepaid or savings accounts are not accepted.
  • Separate loans only: Application packages submitted by more than one person will be rejected by RISE.
  • Residency: You must be a resident of one of the 31 states in which it has operations.

It is in your best interest to get pre-qualified for a personal loan before applying for one. If you meet all of the standards, you have a good probability of being approved; nonetheless, permission is never

It's important to note that residents of Arkansas, Maine, New Jersey, Rhode Island, Colorado, Maryland, New York, Vermont, Connecticut, Massachusetts, North Carolina, Virginia, Iowa, New Hampshire, Pennsylvania, and West Virginia are unable to access RISE.

How to Apply for RISE Credit Loans

1. Visit RISE's website

You can submit an application for a loan via the user-friendly web form that is available.

2. Fill in your personal details

This comprises the length of time you've spent living in the house you currently occupy, as well as your income, the state in which you dwell, and the sum of money that you require.

3. Give supporting documentation

Before giving its stamp of approval, RISE may, in certain circumstances, demand the submission of additional supporting documentation. For safety's sake, always be prepared with a photo identification, as well as proof of your income and address.

4. Hold tight while you wait for approval

If all of your documentation are in order, RISE can approve your loan in a matter of seconds. If they decide to turn down your request for a loan, the company will explain their decision.

RISE looks at your credit history, the amount of money you have coming in each month, and the state in which you live to determine the amount of money you are eligible to borrow.

Your bank account is eligible to receive funding via electronic deposit as early as the following business day.

Borrowing from RISE is not a good idea in 4 cases.

  • Additional Fees: You have the opportunity to increase the amount of money you have access to by refinancing your current loan through the RISE; however, doing so will cause you to incur an additional fee and may cause you to have additional financial difficulties.
  • Insufficient Quantity: You should be aware that RISE can only provide you with a constrained supply at this time. They provide customers with loans ranging from $300 to $500, which is the most affordable amount possible.
  • High Interest Rate: The price that Rise offers is unaffordable because of the high interest rate that they charge. In addition, there is a wide variety of lenders available to choose from, many of whom offer competitive interest rates.
  • This offer is not valid in all 50 states: You won't be able to get a new loan if you live in any of the following states or the District of Columbia: Alaska, California, Colorado, Connecticut, Illinois, Iowa, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, North Dakota, Pennsylvania, Rhode Island, South Dakota, Vermont, Virginia, West Virginia, or Washington, District of Columbia.

How CreditYelp rates RISE

Overall 3.4/5 Explanation
Requirements & Application 3.5/5 There are few limitations for borrowers in terms of income and credit score. However,RISE does not do business in all states, so many people can’t apply in the first place.
Loan accessibility 4/5 It is easy to get a loan from RISE, especially for borrowers with bad credit.
Loan flexibility 3/5 Compared with other lenders, it only offers a small amount for borrowers. Besides, the loan term is relatively short.
Affordability 3/5 Rise has high interest rate, which is higher than other borrowers.
Customer experience 3.1/5 Some of the customers are not satisfied with the high interest fee.


Q1: Is RISE Legit?

Personal loans from RISE may be considered lawful because the company has met the legal prerequisite to operate as a reputable lender by becoming registered to conduct business in each of the states that it serves.

The fact that the lender has an A rating with the Better Business Bureau is another piece of evidence supporting the legitimacy of RISE Personal Loans.

Q2:Does Rise Accept co-signer on personal loans?

For personal loans, it does not permit co-signers or joint borrowers in any capacity.

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