You can apply for a personal loan from Achieve online by completing these steps: These features help Achieve stand out from the competition. Also, better rates are offered to individuals who can prove that they have sufficient retirement savings. You could get a better rate on your Achieve personal loan if you use at least 85% of the proceeds to pay off qualifying existing debt-you’ll need to speak with a customer service agent to learn more. Reduce Your Rate By Paying Off Debt or Proving Retirement Savings If you use a co-borrower, be respectful of what they did for you by making your payments on time. However, if you don’t repay the loan as agreed, your co-borrower will be responsible for the payments. Using a co-borrower can be a great way to qualify for a loan that you may not be able to get on your own. It also offers an option to send the funds directly to your creditors if you’re using the loan to consolidate debt. Achieve generally disburses funds to borrowers’ bank accounts within 24 to 72 hours. In many cases, you could get approved for an Achieve personal loan the day you apply. While specific credit score requirements aren’t provided by Achieve, Investopedia recommends a 660 or higher. Types of Personal Loans Offered by AchieveĪchieve offers an unsecured personal loan that can be used for the following purposes:Īs part of the qualification process, Achieve reviews applicants’ employment history, income, credit score, and credit history. Its debt relief services are available to over 75% of the country. In addition to providing personal loans, the parent company of Achieve helps people resolve debt issues and improve their finances. Freedom Financial Network is a financial services company founded in 2002, with offices located in Tempe, Arizona, and San Mateo, California. If you don’t need to borrow this much money, you’ll need to choose a different lender.Īchieve is an online personal loan provider that’s owned and operated by the Freedom Financial Network. Even so, its minimum loan amount of $7,500 is high. This includes covering emergencies, paying for a wedding, or even taking a vacation. Even so, Achieve rates and terms are relatively reasonable compared to the competition, and you can get unique rate discounts, making it a solid option.Īchieve personal loans are a good option for individuals who want to refinance existing debt into a single fixed-rate loan or who need funding to cover certain expenses. However, you’ll likely be charged an origination fee of up to 5.99%-a fee that many other lenders don’t charge. The maximum amount you can borrow from Achieve is $50,000, which is average for the industry. While this is a drawback because it’s difficult to see if you’ll qualify, it could also indicate the company may offer solutions to a wide variety of credit scenarios.Īchieve, previously FreedomPlus, is an online lender offering personal loans in many, but not all U.S. Limited qualification details are available: Unlike much of the competition, Achieve doesn’t provide much information about what it takes to qualify for its loan.Although this fee potentially ranges from 1.99% to 5.99%, most customers will be charged the origination fee at the top of this range.

Origination fee is charged: While many personal loan companies don’t charge any origination fees, you’ll need to pay an origination fee to get a personal loan from Achieve.Many of its competitors offer personal loan amounts as low as $1,000 to $2,500. Minimum loan amount is high: The smallest amount of funding you can receive from Achieve is $5,000.This is a feature that’s unique to Achieve. Discounts for direct payments to creditors: You may get a better rate if you use at least 85% of your loan proceeds to directly pay off a qualifying debt to your existing creditors.This is a feature that helps make Achieve stand out from the competition. Certain amounts of savings may be required. Better rates available with retirement savings: If you have retirement savings, you may receive a better interest rate.Co-borrowers are allowed: Unlike many personal loan providers, Achieve allows you to add a co-borrower if you can’t qualify on your own or to get a better rate.As of November 2022, FreedomPlus rebranded to Achieve.

Freedom plus loan