Installment Lenders
Rise Credit Review
Installment loans up to $5,000 for borrowers with limited credit.
CashCompassPro rating
Use with caution
Cost / APR
60% – 299% (state-dependent)
Amounts
$300 – $5,000
Funding speed
Next business day
Credit review
None published
APR range
60% – 299% (state-dependent)
Loan amounts
$300 – $5,000
Loan terms
4 – 26 months
Min. credit score
None published
Funding speed
Next business day
Rate-reduction program
Yes — rates can drop with on-time history
Overview
Rise Credit, operated by Elevate, offers installment loans up to $5,000 for borrowers with limited or damaged credit. Its differentiator is a rate-reduction program that rewards on-time repayment with progressively lower APRs. The trade-off is that headline APRs can hit 299%, and the long terms (up to 26 months) can produce a heavy total-interest bill if you don't pay early.
Who Rise Credit may be best for
Borrowers comparing lender options, costs, approval requirements, funding speed, and alternatives before submitting a request.
What to watch before applying
Review APR, fees, repayment timing, availability, and the total repayment amount before accepting any offer.
Pros
- Higher loan ceiling than most bad-credit lenders
- Rate-reduction program for repeat borrowers
- Reports to TransUnion
- 5-day no-cost cancellation window
Cons
- APRs can reach 299% — among the highest installment rates
- Not licensed in every state
- Total cost can balloon on long terms
Eligibility & requirements
- Steady source of income
- Active checking account
- Government-issued ID
- Residence in a supported state
Compare Rise Credit to other options
Use the review details, calculators, and alternatives below before submitting a request.
Submitting a request does not guarantee approval or funding.
Compare related guides
Alternatives to Rise Credit
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Questions
Frequently Asked Questions
Clear answers to common questions before you compare loan options or apply.
Reviewed by the CashCompassPro editorial team. CashCompassPro is not a lender and does not make credit decisions. See our editorial guidelines and fact-checking policy. Browse all lender reviews.