* Applications processed and approved before 6pm ET are typically funded the next business day. RISE is offered only to residents in states where permitted by law. To obtain credit, you must apply online and have a valid checking account and email address. Approval for credit and the amount for which you may be approved are subject to minimum income requirements and vary by state.
In some cases, we may not be able to verify your application information and may ask you to provide certain documents. Refer to Rates & Terms for additional details. Complete disclosures of APR, fees and payment terms are provided within your Agreement.
** For returning RISE customers, the annual percentage rate ("APR") is reduced on future loans based on payment history. If in one loan, you make 24 monthly payments (48 bi-weekly payments), the APR for your next loan will be 50% off (excluding customers with starting rates of less than 75%). And, if in multiple loans you make 36 monthly payments (72 bi-weekly payments), you qualify for a 36% APR for your next loan. Note that it may take two or more loans to reach 36% rate.
Notice to Texas and Ohio Customers: In Texas and Ohio, RISE is a Credit Services Organization/Credit Access Business operating in accordance with each state’s applicable Credit Services Organization Act. In Ohio, RISE Credit Service of Ohio, LLC d/b/a RISE is licensed by the Department of Commerce, Division of Financial Institutions Certificate No. CS.900086.000. In Texas, RISE Credit Service of Texas, LLC d/b/a RISE is licensed by the Office of the Consumer Credit Commissioner, License No. 6. RISE is not the lender or a fiduciary of the lender.
Loan approvals and the amount of any loan for which you may be approved are subject to minimum income requirements and vary by state.
This is an expensive form of credit. RISE is designed to help you meet your borrowing needs. Appropriate emergencies might be a car repair, medical care for you or your family, or travel expenses in connection with your job. This service is not intended to provide a solution for all credit or other financial needs. Alternative forms of credit, such as a credit card cash advance, personal loan, home equity line of credit, existing savings or borrowing from a friend or relative, may be less expensive and more suitable for your financial needs. Refinancing may be available and is not automatic. Refinancing will result in additional interest charges. We will never charge you any "hidden fees" that are not fully disclosed in your Agreement or the Rates & Terms. If you don’t make a payment on time we will attempt to contact you via one or more authorized methods. Because we report your payment history to one or more credit bureaus, late or non-payment of your debt may negatively impact your credit rating. If you fail to repay in accordance with your terms, we may place or sell your debt with a third-party collection agency or other company that acquires and/or collects delinquent consumer debt. Be sure you fully understand the terms and conditions of your loan before signing your agreement.
The most common RISE loan in the state of California is $2, 600 with 32 bi-weekly payments of $241.44 (last payment may vary), and an APR of 224.36%.
The foregoing is an example only — loan amounts, loan repayment terms and applicable finance charges vary by state and are governed by your loan agreement and relevant state law. Please see Rates & Terms
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For instance, Reuters wrote:
Charitable Gifts: Surprise and inspire the picky people on your list who already have everything by giving a donation to a charity of their choice or a loan to an entrepreneur they...