Reviews- The Surprising Truth About This Company! Reviews- The Surprising Truth About This Company!

Name: Upstart

Owners: Dave Girouard, Anna Counsel, & Paul Gu


Overall Rating: 6 out of 10

Welcome to my review!

There has been a lot of buzz about this company and I decide to investigate what it was all about.

The company claims that you will be getting a personal loan up to $50K loan without worrying your monthly income or good FICO scores. But can you trust these guys?

Is Upstart another company that won’t deliver what they promise at the end of the day?

Is legitimate and safe to use?

These are some of the questions we will be looking into in this short review.

Let’s get started!


What Is Upstart All About?



Upstart is an online lending marketplace that brings borrowers and lender at one stop.

Unlike most of the online lending networks out there which mainly focus on your income and FICO score, Upstart is more focused on your education and experience to get approval for a loan.

The company was founded by Dave Girouard, Anna Counsel, and Paul Gu in the year 2012 out of California, USA.

The domain name of was registered on March 16, 1995, with the owners set to private.

They market themselves as “A smarter loan. You earn it. You are more than your credit score…” and more than 1 billion loans have been originated at the time of this review.

The company has an A+ rating from Better Business Burea. BBB ranks companies on F to A+ scale; Upstart’s rank is an excellent rating. Receiving A+ from Business Bureau is a sign of a very trustworthy company.


How Does Upstart Work?

Upstart personal loans are opened up to who may not have traditional credits score but do have a consistent work history, education, and experiences.

If you have a solid employment history, or a recent college graduate with good GPA and SAT scores you may qualify for a loan.

All you have to do is following 3 step process:



Step 1: Check Your Rate

This is the first step where you will want to check your rate of a loan. You are required to enter the amount you want to borrow, provide personal contact information, your highest level of education, the primary source of income, the amount of your saving.

They also want to know if you have taken out any new loans in the past 3 months. And then you will have to save this information, enter your valid email address, choose a password, and agree to their terms and conditions to check your rate.

One good thing about checking the rate is that it does not impact the approval of a loan. However, this is not a guarantee you will get a loan.

After the initial step, you will have to determine whether you will continue with an actual application process

Step 2: Filling out Actual Application Form

In this step, you are filling out an actual application form to review by the prospective lenders. You are required to enter your social security number, driver’s license, and several other information.

The rates and fees are determined by your application.

After your application is approved, you will want to review and accept your loan. You will receive your money the day after the approval.

Step 3: Set Up An Online Account

In this step, you are going to set up your online account to pay the fund back. You can set up an automated bi-weekly or monthly payment. There is no penalty if you pay off your loan early.


Who Exactly Is Upstart For?

Upstart is meant for those who lack a credit history but have strong employment history and education.

Unlike most of the online lenders out there which basing approval on credit score and income, Upstart also looks at your education and experience which means you have more chance of approval.

However, you may need to have traditional credit scores at least 620 which simply means you can’t have bad credit with a lot of late payments.

If you have a fair credit score, consistent employment, a college degree in a competitive field, Upstart may be for you.

You have to keep in mind that the application process takes time because they verify many factors before you will get approved.


What I Liked About Upstart

  • They are legitimate
  • They look at more than just your credit score to determine if your application can be approved.
  • They use your education and experience to during the approval process
  • You can check your rate without impacting your credit score
  • You have flexible terms and loans amounts with no prepayment penalty.


What I Didn’t Like About Upstart

  • Some applicants are rejected
  • It takes time to get your application approved since they several criteria during the approval process
  • Unlike traditional financial institution, they don’t accept co-signers
  • There are better options out there


My Final Thought On Upstart

Upstart is a decent company which provides you with several ways to get a personal loan. Definitely, Upstart is one of the more popular online lenders out there.

You can get personal loans even if your credit scores are not excellent if you are a college graduate have consistent employment history.

If you don’t want to go through the long process of the traditional financial institution for personal loans, this might be a better alternative for you because most of the loans are funded the day after your application was approved.

This might be an online lending company that could help you save some money by paying off your high-interest debt or other expenses.


Upstart At A Glance

Name: Upstart

Owners: Dave Girouard, Anna Counsel, and Paul Gu


Overall Rating: 6 out of 10

Verdict: Legitimate

Do you happen to have any prior experience with Upstart personal loans that you would like to share with everyone else today?

Tell me all about it in the comment below.

Thanks for reading and I wish you all the best!



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