RISE Review

By Kevin Mercadante

Company profile*:

With a loan from RISE, customers can get the funds they need. Headquartered in Texas, this company has a well-established loan business. They have a reputation for making an effort to help people make a comeback from financial problems.

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With RISE, customers who make successful, on-time payments may see their rates decrease over time. Customers can get rewarded for good behavior.

Service profile:

RISE offers some larger loan amounts, with loans of as much as $5,000. The maximum amount varies from state to state. Payments are typically made bi-weekly anywhere from 8 payments (4 months) to 50 payments (25 months). Repayment schedules are also variable by state.

RISE is not available in all states, when you go to the website you can check for availability in your location.

Loan features:

Loans can be approved in a matter of minutes for amounts from $500-$5,000 (varies by state). Money can be in sent to your bank account as quickly as by the next business banking day. The interest rates run between 125%-364%, depending on the state.

Loan application information:

When applying for a RISE loan, you will be required to have a source of income. RISE requires a phone number on the loan form. Applicants must have an active checking account and be at least 18 years old (19 in Alabama). Because you are applying online, you also need a verifiable email account.

Repayment terms:

There are no hidden fees or any fines for early payment. RISE can help you improve your financial situation by getting you the money you need when you need it.

Help and support:

Customer service at RISE is reachable by phone or email. There is a handy payment calculator on the website that will give you an idea of what your payments will be on a given loan amount. There is a fairly extensive FAQ section with helpful information that you can read before applying for a loan with RISE.

Summary:

While their interest rate is high, RISE has some great features. They also offer large loan amounts ($3,000-$5,000) depending on the state where you live and your credit worthiness.

Physical address:

4150 International Plaza, Suite #300 Fort Worth, TX 76109

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About Kevin Mercadante

Kevin Mercadante is a freelance professional personal finance blogger, and the owner of his own personal finance blog, OutOfYourRut.com. He has extensive backgrounds in both accounting and the mortgage industry. Follow Kevin on Google+.

 

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