FreedomPlus has been in business since 2013 and has an A+ rating with the Better Business Bureau. In addition, FreedomPlus is not only legitimate, but it also is one of the best personal loan providers for people with subpar credit, as it has reasonable rates and its credit score requirement is 585.
Keeping this in view, can you get a personal loan with a credit score of 550?
You’ll typically need good to excellent credit to qualify for a personal loan — which means you might have a harder time qualifying if you have a credit score of 550. However, there are several lenders that offer personal loans for poor credit.
Similarly one may ask, how does the freedom loan work?
It’s simple. The Freedom loan pays the lowest amount of interest to the banks because it pays off in less time. A 30-year standard mortgage is one of the most profitable loans for a bank because they know on average most people only keep their loans for 3-5 years paying little principle and mostly interest.
Is freedom plus a secured loan?
Cons. Charges origination fee. High minimum loan amount. No secured or co-signed loan option.
Is freedom plus part of Freedom Financial?
Affiliated with Freedom Financial Network, a company that provides consumer advocacy services, Freedom Plus is an online lender providing loans starting at 7.99% annual percentage rate (APR).
What bank does freedom plus use?
FreedomPlus is an online lender that offers personal loans from $7,500 to $50,000 through Cross River Bank and MetaBank, N.A. Founded in 2013, FreedomPlus imposes lower qualification requirements than many lenders and offers rate discounts to borrowers who choose to consolidate third-party debt directly through the …
Who owns Freedom Plus?
Freedom Financial Network, LLC