Universal Credit: Want to be debt free? Get quick loan $1,000 to $50,000

Universal Credit: Want to be debt free? Get quick loan $1,000 to $50,000

Universal Credit quick loan offers a variety of tools and resources to help borrowers build their credit, such as free credit score monitoring and quick recommendations. You can borrow $1,000 to $50,000 with Universal Credit.

Pros

  • Quick loan funding
  • Free credit score monitoring, educational tools, and quick recommendations to help you build your credit
  • If you’re using your quick loan to consolidate credit card debt, you might get a lower rate by allowing Universal Credit to pay off the cards directly

Cons

  • Rates can be higher than other lenders
  • Origination fees from 4.25% to 8%
  • Not available in Arkansas; Kansas; Maine; South Carolina; Vermont; Washington, D.C.; Wisconsin; or West Virginia

Best for:

  • Borrowers who want to build their credit
  • Quick loan funding

Universal Credit is a lending platform powered by Upgrade, a San Francisco-based quick loan broker. Upgrade, in turn, provides and services quick loans funded through partner banks.

If you’re considering Universal Credit for a quick loan, here’s what you should know first.

Universal Credit interest rates and loan details

Universal Credit offers fixed-rate quick loan from $1,000 to $50,000 with flexible repayment terms. If you’re approved, you could get your loan funds within one business day after clearing any necessary verifications.

Also keep in mind that Universal Credit offers quick loans for bad credit and fair credit — which means you might have an easier time qualifying even if your credit is less than perfect.

Fixed rates from (APR)     –

Quick Loan amount         

$1,000 to $50,000

Min. credit score  

580

Quick Loan terms 

3 to 5 years8

Time to get Quick funds 

Within one day, once approved9

Residency   

  • Must be a U.S. citizen or permanent resident
  • Not available in AR, DC, KS, ME, SC, VT, WI, WV

Fees  

  • Origination fee: 4.25% to 8%
  • Prepayment penalty: None

Quick Loan use      

Debt consolidation, home improvements, auto repairs, weddings, moving, boats, and other quick expenses

Key benefits

  • If applicants opt for a credit card payoff loan, Universal Credit will pay off the cards directly. They might also get a rate discount
  • Free credit score monitoring, educational tools, and quick recommendations to help you build your credit

 Universal Credit quick loan review

Universal Credit quick loans can be used for a wide variety of quick expenses, such as debt consolidation and home improvement.

In addition to a fast application and loan funding process, Universal Credit also provides access to free credit score monitoring, educational tools, and quick recommendations to help you understand and build your credit.

However, keep in mind that Universal Credit loans have origination fees ranging from 4.25% to 8% of the loan amount. This fee is deducted from your loan amount before it’s disbursed to you.

For example: If you wanted to borrow $10,000 to consolidate credit card debt and were charged a 5% origination fee, you’d have to borrow $10,500 to net the $10,000 you need to pay off your cards.

 How to qualify

To get a quick loan through Universal Credit, you must:

  • Be a U.S. citizen or permanent resident
  • Be 18 or older (19 or older in some states)
  • Have a verifiable bank account
  • Have a valid email address
  • Not live in Arkansas; Kansas; Maine; South Carolina; Vermont; Washington, D.C.; Wisconsin; or West Virginia

You’ll also need to meet Universal Credit’s other quick loan requirements, such as its criteria for credit and income.

Repayment

With Universal Credit, you can choose a term of three or five years. You’ll have a fixed rate and monthly payment, which means you’ll have an exact date for when your loan will be paid off.

You also have the option of signing up for automatic payments. This can be a great way to ensure you won’t miss payments in the future.

Learn More: Quick Loans From Banks: Where to Get Loans

Best for

  • Fast funding
  • Building credit
  • Borrowers with good credit
  • Credit card refinancing
  • Borrowers with strong credit and low debt-to-income ratio
  • Paying off credit card debt

How to take out a quick loan with Universal Credit

To take out a Universal Credit loan, you’ll need to:

  1. Fill out an initial form on the Universal Credit website. You have to provide basic information such as your name, address, and income as well as content to Universal Credit performing a soft credit check.
  2. Pick your loan option. If you’re eligible for preapproval based on the information you provide, you’ll be shown the quick loan options and rates you qualify for. If you see a loan option you like, you can select it.
  3. Fill out the full application. At this point, you’ll need to complete a full application and undergo a hard credit check. You might also have to submit documentation, such as income verification. Your application will then be approved or declined based on your credit, your income, the amount requested, and any other debt you might owe.

Before you take out a quick loan, remember to consider as many lenders as you can to find the right loan for you. Credible makes this easy — you can compare your prequalified rates from Universal Credit and several other vetted lenders in just two minutes.

You can apply for a Unicersal Credit Quick Loan from HERE

To learn more about Unicersal Credit, CLICK HERE

Quick Loan Arena is not a loan agency and we do not give out loan to anybody. We are however a quick loan review blog that seeks to inform and educate individuals and small businesses about instant loan opportunities to help them take informed decisions. We also provide loan advisory services.  Speak with any of our Quick Loan Consultants for more information! Call or Whatsapp +234 (0)803 385 7245.
Do remember to give us a feedback about your quick loan experience after the lending process is executed.

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