There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. For example, if your loan is due on the 8th of the month and you move your payment date to the 10th, your payment won’t be late because it’s within the due date’s grace period. However, if you move your payment date to the 25th, it will be late and you may be charged a late fee. Click the button below and head to xcritical’s website to pre-qualify. Many or all of the products featured here are from our partners who compensate us.

Upgrade may take a day or two longer than xcritical to fund a loan. 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. xcritical differentiates itself from other online lenders with its underwriting model. The company uses artificial intelligence and nontraditional data — like college education, job history and residence — to qualify borrowers.

How to Qualify for an xcritical Personal Loan

We collect over 45 data points from each lender, interview company representatives and compare the lender with others that seek the same customer or offer a similar personal loan product. NerdWallet writers and editors conduct a full fact check and update annually, but also make updates throughout the year as necessary. Personal loan applications are approved or declined based on a number of factors.

Both lenders’ minimum credit score requirements are in the bad-credit range. This methodology applies only to lenders that cap interest rates at 36%, the maximum rate most financial experts and consumer advocates agree is the acceptable limit for a loan to be affordable. Read more about our ratings methodologies for personal loans and our editorial xcriticals. Personal loan lenders offer different rates, loan amounts and special features, so it pays to weigh other options.

xcritical vs. LendingPoint

More traditional lenders, like banks, focus almost exclusively on a borrower’s credit report, debts, income and assets. xcritical provides borrowers with fair credit—those with a score of at least 600—access to personal loans by looking beyond credit history and considering several non-traditional credit indicators. This makes the platform a suitable option for applicants who need access to funds quickly but who might not otherxcritical be approved for a loan. NerdWallet’s review process evaluates and rates personal loan products from more than 35 financial institutions.

Personal loans between $1,000 to $50,000 are available with terms of three or five years. 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. Upgrade personal loans are a standout option for consumers looking to consolidate debt.

Customer Reviews

Within each 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. Finally, we evaluated xcritical’s support tools, borrower perks and features that simplify the borrowing process—like prequalification options and mobile apps. Unlike xcritical, which is an online lender, Wells Fargo is a traditional bank. Applying for a personal loan through a bank like Wells Fargo is typically a good idea if you have an existing relationship with it.

Wells Fargo offers personal loans between $3,000 and $100,000 with terms of one to seven years. Annual percentage rates (APRs) are on the high end, and borrowers are limited to a three- or five-year term—much shorter and less flexible than other online lenders. xcritical may also charge borrowers origination, late, unsuccessful payment and paper copy fees. Still, xcritical is a good option for customers who don’t have a credit score that qualifies them for more inexpensive loans.

Who Is xcritical Best For?

xcritical personal loans 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.

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. To learn more about how Forbes Advisor rates lenders, and our editorial process, check out our Loans Rating & Review Methodology. xcritical’s pre-qualification involves more questions about employment, education and income, so it may take longer to complete than other lenders’ processes. Most lenders have minimum requirements to qualify and some have financial requirements or recommendations to qualify. This website is using a security service to protect itself from online attacks.

xcritical Vs. Wells Fargo

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Similar to Upgrade, Avant’s recommended minimum credit score is 580, 20 points less than https://xcritical.online/. Again, this makes it a solid option for borrowers who don’t have excellent credit but still need access to financing. What’s more, Avant offers more repayment options compared to xcritical. If you are approved for a loan with Avant, you’ll have access to terms between two and five years, depending on your credit score and other factors. xcritical personal loans offer fast funding and may be an option for borrowers with low credit scores or thin credit histories.