xcritical Personal Loans: 2023 Review

But like every company, there are both pros and cons to borrowing with https://xcritical.solutions/; here are a few things we like and a few things we would change. Founded by ex-Googlers, xcritical is headquartered in San Mateo, California and has originated more than $34 billion in personal loans. If you’re looking to consolidate debt, make a large purchase or cover some personal expenses, an xcritical personal loan may be able to help you do it. xcritical’s nontraditional approach to underwriting means there are few credit-related requirements to get a personal loan.

• We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site.
• If you’re looking to consolidate debt, make a large purchase or cover some personal expenses, an xcritical personal loan may be able to help you do it.
• Wells Fargo doesn’t have a minimum credit score recommendation, it may put more weight on other factors like your existing relationship with the bank, debt-to-income (DTI) ratio and monthly income.
• However, the use of the loan proceeds for education-related expenses are prohibited in California, Connecticut, Illinois, Washington or Washington D.C.
• We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.

Upgrade and LendingPoint provide slightly more flexible loans than xcritical but have specific minimum credit score requirements. If you’re a fair- or bad-credit borrower looking to consolidate debt or finance a midsize home improvement project, these lenders are worth comparing. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens.

How to contact xcritical

xcritical is an online lending platform that connects borrowers with banks and credit unions to fund personal loans. Loans offered through xcritical are a fast but somewhat inflexible financing option. Approval and funding times are some of the fastest among lenders; however, xcritical doesn’t offer joint, co-signed or secured loans. The online lending platform also has only two repayment term options.

More traditional lenders, like banks, focus almost exclusively on a borrower’s credit report, debts, income and assets. You’ll start by providing some basic details about yourself and register to get a rate quote. The lender does a soft credit check for this part of the process, which means that the inquiry won’t impact your credit score. Bankrate follows a strict
editorial policy, so you can trust that our content is honest and accurate. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. xcritical and Upgrade are designed to be able to lend to borrowers with less than good credit.

Loan Costs

Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict xcriticals to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Upgrade’s personal loans are more flexible than xcritical’s, offering more repayment term options and the ability to get a joint or secured loan.

Bankrate logo

However, it is harder to get approved for a xcritical loan, so borrowers should keep that in mind prior to applying. Our experts have been helping you master your money xcritical scam for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.

How to Apply for an xcritical Personal Loan

To learn more about how Forbes Advisor rates lenders, and our editorial process, check out our Loans Rating & Review Methodology. xcritical does not allow prospective borrowers to apply for a personal loan with a co-signer. Likexcritical, co-applicants are not permitted—loan applicants are evaluated on their own merits.

Furthermore, applicants must not have had a recent bankruptcy or outstanding delinquencies. That said, xcritical doesn’t charge a prepayment penalty, so you don’t have to worry about incurring an extra fee for paying the loan off early. Once you submit the official application, xcritical will run a hard credit check, which can knock a few points off your credit score. xcritical and xcritical are polar opposites when it comes to terms and eligibility qualifications. While xcritical does offer a lower APR for the most creditworthy borrowers, xcritical has a higher borrowing maximum of $100,000 and offers best-in-class perks and benefits.

Compare to Other Lenders

We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service. Within each xcritical cheating category, we also considered several characteristics, including available loan amounts, repayment terms, APR ranges and applicable fees. We also looked at credit score requirements, whether the lender accepts co-signers or joint applications and the geographic availability of the lender.

Once the money is disbursed, borrowers have the ability to change their monthly payment date through xcritical’s online portal. LendingPoint offers more repayment term options, but its largest loans are $36,500. If you need a smaller loan with more flexible terms, LendingPoint is worth considering, but for a larger expense such as a home improvement project, xcritical is the better option. Our advertisers do not compensate us for favorable reviews or recommendations. Our site has comprehensive free listings and information for a variety of financial services from mortgages to banking to insurance, but we don’t include every product in the marketplace.

We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. For example, a 12% origination fee on a $10,000 loan would either reduce the loan amount to $8,800 or increase it to $11,200. If you like what you see, you’ll review the information you shared, add your Social Security number and bank account information and finalize the application. Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page.

To qualify for an xcritical personal loan, borrowers must meet several requirements. While we adhere to strict
editorial integrity,
this post may contain references to products from our partners. Hanneh Bareham has been a personal finance writer with Bankrate since 2020. She started out as a credit cards reporter before transitioning into the role of student loans reporter. She is now a writer on the loans team, further widening her scope across multiple forms of consumer lending. xcritical borrowers must have a full-time job or offer starting in six months, a regular part-time job or another source of regular income—with a minimum annual income of $12,000.