Unbiased Freedom Plus Loans Reviews: Know Your Options!

Are you in need of a personal loan? Look no further than Achieve Personal Loans, previously known as FreedomPlus. With competitive APRs and flexible repayment options, Achieve Personal Loans provides a range of loan amounts to suit your financial needs. Before making a decision, it’s important to understand the pros and cons of these loans and know what to expect when applying. Read on to discover unbiased reviews of Achieve Personal Loans and gain the information you need to make an informed choice.

Key Takeaways:

  • Achieve Personal Loans offers personal loans with competitive APRs ranging from 7.99% to 29.99%.
  • The loan amounts range from $5,000 to $50,000, with repayment periods of 24 to 60 months.
  • Pros include a high maximum loan amount, the ability to have co-borrowers, rate discounts, and fast funding time.
  • Cons to consider are a high minimum loan amount, late fees, an origination fee, and limited availability in certain states.
  • Applying is easy and can be done online without impacting your credit score. Additional documents may be required.

Achieve Personal Loans Pros and Cons

When considering Achieve Personal Loans, it’s important to weigh the pros and cons to make an informed decision. Here are the key advantages and disadvantages:

Pros of Achieve Personal Loans:

  • High maximum loan amount: Achieve offers a generous maximum loan amount, allowing borrowers to access a significant sum of money.
  • Co-borrower option: Borrowers have the option to apply with a co-borrower, which can help secure a better interest rate and increase the chances of loan approval.
  • Rate discounts: Achieve Personal Loans may offer rate discounts that can lower the overall cost of borrowing.
  • Fast funding time: Achieve strives to provide fast funding, with approved loans typically funded within 72 hours.

Cons of Achieve Personal Loans:

  • High minimum loan amount: While Achieve offers a high maximum loan amount, the minimum loan amount is set at $5,000, which may not be suitable for borrowers seeking a smaller loan.
  • Late fees: Late payment fees may apply if borrowers fail to make their loan payments on time.
  • Origination fee: Achieve Personal Loans charges an origination fee, which is an upfront cost added to the loan amount.
  • Availability limitations: Achieve Personal Loans are not available in all states, so borrowers should check if their state is eligible for loan applications.

Considering these pros and cons, it’s important to evaluate your personal financial needs and circumstances before applying for an Achieve Personal Loan.

How to Apply for Achieve Personal Loans

To apply for an Achieve Personal Loan, follow these simple steps:

  1. Check Your Rate: Visit the Achieve Personal Loans website and fill out an online form to check your rate without impacting your credit score.
  2. Provide Personal Information: Fill out the online form with your personal information, including your name, address, and contact details.
  3. Choose Loan Amount: Specify the desired loan amount you wish to borrow.
  4. Review Potential Loan Terms: After submitting your information, you will receive potential loan terms tailored to your financial situation.
  5. Submit Additional Documents: If you decide to proceed with the loan application, you may need to provide additional documents such as W-2s, pay stubs, or bank statements to verify your income and financial status.
  6. Accept Loan Terms: Once you review the loan terms and decide to proceed, accept the terms and sign the contract.
  7. Loan Approval and Funding: Once you complete the application process and sign the contract, your loan will be approved, and the funds will be disbursed to your designated bank account within 72 hours.

Applying for an Achieve Personal Loan is quick and easy, giving you access to the funds you need to achieve your financial goals.

Freedom Plus Loan Application

Achieve Personal Loans Frequently Asked Questions

Here are some frequently asked questions about Achieve Personal Loans:

Is Achieve legit?

Achieve is a legitimate personal loan lender with an A+ rating from the Better Business Bureau.

How long does Achieve take to approve personal loans?

Achieve takes about two to three hours to make a personal loan approval decision.

Does Achieve report to credit bureaus?

Achieve performs a soft credit inquiry during the application process, which does not impact your credit score. After accepting the loan terms, they will conduct a hard credit pull, which may have a negative impact on your score.

What credit score is needed for an Achieve personal loan?

Achieve has a minimum credit score requirement of 620.

Does Achieve have any origination fees?

Achieve charges an origination fee between 1.99% and 6.99% on its personal loans.

Is Freedom Financial the same as Achieve?

Achieve Personal Loans is a subsidiary of Freedom Financial Network Funding, LLC.

Question Answer
Is Achieve legit? Achieve is a legitimate personal loan lender with an A+ rating from the Better Business Bureau.
How long does Achieve take to approve personal loans? Achieve takes about two to three hours to make a personal loan approval decision.
Does Achieve report to credit bureaus? Achieve performs a soft credit inquiry during the application process, which does not impact your credit score. After accepting the loan terms, they will conduct a hard credit pull, which may have a negative impact on your score.
What credit score is needed for an Achieve personal loan? Achieve has a minimum credit score requirement of 620.
Does Achieve have any origination fees? Achieve charges an origination fee between 1.99% and 6.99% on its personal loans.
Is Freedom Financial the same as Achieve? Achieve Personal Loans is a subsidiary of Freedom Financial Network Funding, LLC.

Who Are Achieve Personal Loans Best For?

Achieve Personal Loans are a great option for individuals with good credit who are in need of a moderate to sizeable loan amount. If you have a good credit score, Achieve offers competitive APRs on their personal loans, making them an attractive choice for borrowers looking to secure favorable interest rates. With a maximum loan amount of $50,000, Achieve Personal Loans can provide the funds needed to tackle larger financial goals.

If you are considering applying for an Achieve Personal Loan, it’s worth noting that having a co-borrower can potentially help you secure a better interest rate. This is a beneficial feature for individuals who have a strong credit history but may want to leverage the creditworthiness of a co-applicant to increase their chances of approval and secure more favorable loan terms.

However, Achieve Personal Loans may not be the best fit for borrowers who require a smaller loan amount. With a minimum loan amount of $5,000, these loans are better suited for those who have a specific financial need or goal in mind that requires a larger sum of money.

Ultimately, when considering Achieve Personal Loans, it’s essential to compare offers from different lenders to ensure you are getting the best personal loan option for your specific needs. It’s also worth noting that if you can find another lender that does not charge origination fees, it may be more cost-effective in the long run.

best personal loans for good credit

Understanding the details of Achieve Personal Loans is crucial when deciding whether they are the right option for your borrowing needs. By reviewing loan amounts, repayment periods, funding times, availability, and credit score requirements, you can make an informed decision about whether Achieve Personal Loans align with your financial goals.

Conclusion

Achieve Personal Loans, formerly known as FreedomPlus, is a solid choice for individuals with good credit scores looking for competitive APRs on their personal loans. With APRs ranging from 7.99% to 29.99%, they offer attractive rates for borrowers who qualify. Their high maximum loan amount and ability to have co-borrowers make them a great option for those looking to borrow a moderate to sizeable amount of money.

However, it’s important to consider the drawbacks as well. Achieve Personal Loans has a high minimum loan amount of $5,000, which may not be suitable for borrowers who need a smaller loan. They also charge late fees and an origination fee, so it’s essential to factor in these costs when comparing loan options.

Additionally, Achieve Personal Loans is not available in all states, so it’s important to check if they operate in your state before applying. If you can find a lender that does not charge origination fees, it may be more cost-effective to explore other options.

Overall, Achieve Personal Loans provides competitive options for individuals with good credit scores. Consider your specific needs and compare offers from different lenders to find the best personal loan option for you.

FAQ

Is Achieve legit?

Achieve is a legitimate personal loan lender with an A+ rating from the Better Business Bureau.

How long does Achieve take to approve personal loans?

Achieve takes about two to three hours to make a personal loan approval decision.

Does Achieve report to credit bureaus?

Achieve performs a soft credit inquiry during the application process, which does not impact your credit score. After accepting the loan terms, they will conduct a hard credit pull, which may have a negative impact on your score.

What credit score is needed for an Achieve personal loan?

Achieve has a minimum credit score requirement of 620.

Does Achieve have any origination fees?

Achieve charges an origination fee between 1.99% and 6.99% on its personal loans.

Is Freedom Financial the same as Achieve?

Achieve Personal Loans is a subsidiary of Freedom Financial Network Funding, LLC.

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Olivia is a finance expert with years of experience in the industry. She is passionate about helping people make informed decisions about their finances, and her expertise lies in the areas of loans and insurance policies.

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