RISE Credit Personal Loans Review

RISE Credit is a lender that specializes in personal loans for borrowers with poor credit.

APR Range
4–26 months
Loan Amount
2.5 / 5.0
SimpleScore RISE Credit 2.5
Rates 1
Loan Size 1
Customer Satisfaction N/A
Support 3
Fees 5

Although they come with high initial rates, RISE Credit personal loans feature a progressive rate system that allows borrowers to secure better rates over time as they make on-time payments and their credit improves. For borrowers unable to qualify for loans elsewhere, a personal loan from RISE Credit can seem like an attractive option even with high rates attached. RISE Credit is owned by parent company Elevate, which provides a variety of other financial services.

While RISE Credit isn’t the best lender for most borrowers with fair or good credit, in a pinch it can be an alternative for borrowers who have exhausted all other options. In many cases, however, qualified borrowers may be able to secure more competitively priced loans elsewhere. As always when it comes to personal loans, it’s important to do your research and compare a variety of different lenders to ensure that you get the best rates possible.

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In this article

    RISE Credit at a glance

    LenderMin. LoanMax. LoanAPRTermsKey Benefit
    RISE Credit$300$5,00050.00%–299.00%4 – 26 monthsFast funds for borrowers with poor credit

    What we like about it

    For borrowers who are unable to secure a personal loan elsewhere, RISE Credit may provide them with the funds they need to weather a financial emergency or fund an unexpected expense. RISE Credit accepts even borrowers with poor credit, so it may be a good fit if you’ve been rejected by other lenders. While its rates are high, it generally offers better prices than payday loans and other predatory lenders. RISE Credit personal loans also reward borrowers for on-time payments, and may gradually lower rates as time goes on and borrowers prove themselves creditworthy. For customers who need help regaining control over their finances and raising their credit score, RISE offers a variety of helpful tools and resources, including a free credit score report and credit alerts.

    • Accepts borrowers with poor credit
    • May lower rates over time
    • Provides financial tools and resources

    Things to consider

    RISE by Elevate personal loans may be a decent last resort for borrowers unable to secure a loan elsewhere, in most cases borrowers with fair or good credit will be able to find better rates with other lenders. RISE Credit personal loan rates range from 50.00%–299.00%, and the interest associated with these loans can add up fast. Also, RISE Credit offers comparatively short-term lengths of 4 to 26 months, so borrowers have less time to pay back the amount they’ve borrowed. Loan amounts range from $300 to $5,000, so RISE Credit isn’t a good fit for borrowers who need a larger loan. Personal loans from RISE Credit are also only available in 31 states, so you may not qualify depending on your location.

    • High rates
    • Short term lengths
    • Small loan amounts

    What you need to know

    RISE Credit specializes in loans for borrowers that may not qualify for a loan from a traditional lender. While cheaper than a payday loan, these loans typically come with high rates and accumulate interest rapidly over time. Loan amounts range from $300 to $5,000, with term lengths from 4 to 26 months. A personal loan from RISE Credit has an APR of 50.00%–299.00%, which is much higher than many traditional lenders. In general, RISE Credit is only a good option as a last resort. However, if you need funds in an emergency, it’s better than nothing. To apply for a personal loan from RISE Credit, you should:

    1. Gather any relevant information, including your Social Security number, income information and ID.
    2. Fill out an application form and see if you prequalify.
    3. If you qualify for a loan, submit an official application and receive your funds in as soon as 24 hours.

    RISE Credit’s fees and penalties

    While RISE Credit personal loans have high rates, the lender doesn’t charge any additional fees. Notably, RISE Credit has no prepayment penalties, so you’re free to pay off your loan early at no extra cost. This can save borrowers quite a bit of interest in the long run.

    RISE Credit alternatives

    If you’re interested in a loan from RISE Credit, there are a few other lenders worth considering. When it comes to applying for personal loans, you should always do your research and explore several different lenders to ensure that you’re getting the best rates possible.


    OppLoans offers personal loans for borrowers with poor credit.

    APR Range
    Up to 3 years
    Loan Amount
    2 / 5.0
    SimpleScore OppLoans 2
    Rates 1
    Loan Size 1
    Customer Satisfaction N/A
    Support 3
    Fees 3

    While it has high rates similar to RISE Credit, its APR is from 99%–160%, which may present a better deal depending on your credit score and what state you live in. The lender also offers term lengths of up to 3 years, which gives borrowers additional time to pay off the money they’ve borrowed.


    If you’re interested in a personal loan and you have fair credit between 600 and 700, Avant is a good option.

    APR Range
    24–60 months
    Loan Amount
    3.2 / 5.0
    SimpleScore Avant 3.2
    Rates 2
    Loan Size 5
    Customer Satisfaction 2
    Support 4
    Fees 3

    The lender offers personal loans of up to $35,000, with rates from 9.95%–35.99% APR. Like RISE Credit, it offers the ease and convenience of a quick online application process, and funds can be deposited into your account within only a few days. Avant is a good alternative for borrowers with fair credit who may be able to qualify for slightly better rates than RISE Credit offers.

    Avant Disclosure

    The actual loan amount, term, and APR amount of loan that a customer qualifies for may vary based on credit determination and state law. Minimum loan amounts vary by state. Avant branded credit products are issued by WebBank, member FDIC.


    NetCredit is another lender that offers loans for borrowers with less than stellar credit.

    APR Range
    6–60 months
    Loan Amount
    2.3 / 5.0
    SimpleScore NetCredit 2.3
    Rates 1
    Loan Size 2
    Customer Satisfaction N/A
    Support 3
    Fees 3

    Rates range from 34.00%–155.00%, which is still quite a bit lower than the upper limit for a loan from RISE Credit. Borrowers can take out loans of up to $10,000, with term limits of up to 5 years. Like RISE Credit, NetCredit doesn’t charge any application fees or prepayment penalties, and borrowers can prequalify for a loan with a soft credit check.



    The SimpleScore is a proprietary scoring metric we use to objectively compare products and services at The Simple Dollar.

    For every review, our editorial team:

    • Identifies five measurable aspects to compare across each brand
    • Determines the rating criteria for each aspect score
    • Averages the five aspect scores to produce a single SimpleScore

    Here’s a breakdown of the five aspect scores and their rating criteria for our review of the best personal loans of 2020.

    Why do some brands have different SimpleScores on different pages?

    To ensure the SimpleScore is as helpful and accurate as possible, we developed unique criteria for every category we compare at The Simple Dollar. Since most brands offer a variety of financial solutions, their products and services will score differently depending on what we’re scoring on a given page.

    However, it’s also possible for the same product from the same brand to have multiple SimpleScores. For instance, if we compare NetCredit’s personal loans according to our criteria for the best personal loans, it scores a 2.3 out of 5. But when we compare NetCredit according to the criteria for the best bad credit personal loans, it scores considerably higher, since the criteria for the latter review are more lenient (lenders who serve borrowers with bad credit will always offer higher rates, so we needed to adjust our category methodology to account for different industry standards).

    Questions about our methodology?

    Email Hayley Armstrong at hayley@thesimpledollar.com.


    We looked at the maximum APR for each lender — the lower their maximum rate, the higher their score.

    Loan Size

    We awarded higher scores to lenders with more generous loan sizes.

    Customer Satisfaction

    We leveraged the J.D. Power 2019 Personal Loan Satisfaction Study℠ to see how customers rated their experience with each lender. (If a lender wasn’t included in J.D. Power’s study, we skipped this aspect and averaged the four remaining aspect scores.)


    We awarded higher scores to lenders with the most channels for customer support.


    We looked at the three most common fees — origination, late payment, and pre-payment — and penalized lenders for each fee charged.

    Margaret Wack

    Contributing Writer

    Margaret Wack writes about personal finance, health, wellness, arts and culture, among other topics.

    Reviewed by

    • Courtney Mihocik
      Courtney Mihocik
      Loans Editor

      Courtney Mihocik is an editor at The Simple Dollar who specializes in personal loans, student loans, auto loans, and debt consolidation loans. She is a former writer and contributing editor to Interest.com, PersonalLoans.org, and elsewhere.