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Achieve (formally FreedomPlus) Personal Loan April 2024 Review

Achieve can approve applicants with fair credit or better.
Aaron CroweApr 1, 2024
Editor’s Note
Advertising Disclosures

At, we strive to help you make financial decisions with confidence. While many of the products reviewed are from our Service Providers, including those with which we are affiliated and those that compensate us, our evaluations are never influenced by them.

Best for borrowers with fair credit

Achieve Logo
Overall rating:
4.5 rating
Fixed APR8.99 - 35.99%%
Loan Amounts$5,000 - $50,000
Repayment2, 3, 4, or 5 years
Fees1.99% - 6.99%
Time to fund1 - 3 days
Min. Credit Score620
Thumb up
  • Interest rate discounts
  • No early prepayment fees
  • Flexible credit score requirements
  • Easy online application
  • Funds sent within 24-72 hours
  • Work with a loan professional
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  • Origination fee up to 6.99%
  • Interest rate up to 35.99%
  • May not be available everywhere

Achieve Personal Loans, formerly FreedomPlus, is an online lender that offers unsecured personal loans. The loans of up to $50,000 can be used for almost any purpose, such as consolidating debt or major purchases. Applicants should have a credit score of at least 620 to qualify for these low, fixed-rate loans with terms up to five years.

Achieve Personal Loan Top Features

Generous loan amounts: Achieve personal loans are available up to $50,000.

Flexible credit score requirements: You can apply for an Achieve personal loan with a credit score of at least 620.

Rate discounts: Interest rate discounts are available. Here’s how to get one:

  • Add a qualified co-applicant to the loan
  • Show proof of eligible retirement savings
  • Use most of the loan funds (85% or more) to pay off other debts (and have the loan funds disbursed directly to those creditors)

No hidden fees: There are no hidden fees for an Achieve personal loan. The origination fee is 1.99% to 6.99%, depending on your credit score and loan details. The fee is deducted from your total loan amount.

No prepayment fees: If you pay off your Achieve loan early, you won’t be charged any prepayment fees.

Many repayment term options: Loan repayment term options are two, three, four, or five years, giving you the ability to choose the payment that works best for your budget. 

Online prequalification: You can prequalify without risking any harm to your credit score. Achieve will do a soft credit pull during the prequalification process, meaning the credit reporting agencies won’t factor the credit check into your credit score. That way you can find out what loan you might qualify for before you apply. 

Find the right loan in a fast, simple, and stress-free way.

Check rates from a approved lender.

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Qualifying for an Achieve personal loan

You don’t need perfect credit to qualify for an Achieve loan, just a credit score of at least 620. Achieve understands that you are more than your credit score, and their underwriters are willing to look at your total financial picture to determine whether you qualify. 

Achieve takes a holistic approach when considering your application, by looking at your debt, income, and needs.

How to apply for an Achieve loan

After you prequalify, if you decide to go ahead with the loan application, the lender will make a hard inquiry into your credit to determine your creditworthiness. Hard inquiries can lower your credit score by a few points, so it’s smart to avoid applying until you’ve researched which loan is right for you. 

Achieve’s online application is simple to fill out. You start by sharing how much you want to borrow, then input your state of residence, and contact information. 

You’ll need to provide details about your identity and finances, such as:

  • Social Security number
  • Proof of identity
  • Employment status
  • Income

If your loan is approved, you could receive the funds in one to three days.

Loan approval and loan funding from Achieve

Achieve works fast to review loan applications. It’s possible to get same day approval if you submit all the required parts of your application early enough in the day. Loans typically fund (the money hits your bank account) within one to three days of loan approval.

Achieve: Customer service and customer satisfaction

Achieve Personal Loans has an A+ rating with the Better Business Bureau.

Achieve customer service is easy to reach via a dedicated phone number (1-800-920-0045). Members can also access help from their online dashboard.

When an Achieve personal loan might be the best choice:

You can get a rate discount:

Achieve could be a great choice for someone who qualifies for one of the special rate discounts (for having a cosigner, for directly paying off creditors, or by showing proof of retirement savings). 

You have fair credit:

You should also check out Achieve if your credit score is less than perfect and you want to compare affordable loan options. That’s especially true if you’re considering a cash advance against a higher interest credit card.