LendingPoint is worth checking out if you are a borrower with a credit score in the range of 600-680. The LendingPoint site says that borrowers with "credit scores in or near the 600s." This gives the impression that some borrowers with sub-600 scores may qualify or that LendingPoint seems them as potential borrowers in the near future.
The interest rate range of 15.49% APR to 35.99% APR is high, but whether or not LendingPoint offers a "good" rate is based on a borrower's needs and what loan rates are from other lenders.
LendingPoint offers an innovative service that permits borrowers to use debit cards for loan payments they make online or over the phone, and are working to disburse loan funds to the borrower to a borrower's debit card.
LendingPoint is a personal loan lender based in Georgia and founded in 2014.
As of December 2018, the LendingPoint website states they serve 43 states in the USA.
LendingPoint focuses on fair credit borrowers, what they call NearPrime™ borrowers. Their website states they are "redefining who can access money at fair rates." LendingPoint takes into account more than a FICO score, aiming to asses a more complete financial picture of a borrower.
Lending Point offers loans from $2,000 to $25,000,. Interest rates range from 15.49% APR to 35.99% APR. Repayment terms range from 24 to 48 months. $20,000 verifiable minimum income required.
Loans come with origination or other fees from 0% to 6%, depending upon your state of residence.