Reach Financial Personal Loans: 2022 Review, Rates

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Financial Scope Personal Loans

Scope Financial Personal Loan

Rate

Origination fee ranges from 0% to 5%, $15 late payment fee

Scope Financial Personal Loan

Rate

Origination fee ranges from 0% to 5%, $15 late payment fee

On the Reach Financial website

Rate

Origination fee ranges from 0% to 5%, $15 late payment fee

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Pros and Cons of Reach Financial Personal Loans

Compare personal loan rates

Reach Financial is best for borrowers with excellent credit who want to consolidate their debt at a low rate. Reach Financial offers great minimum rates that can be hard to find elsewhere. Also, many lenders don’t cater specifically to debt consolidation, so Reach Financial can better help you through the process.

Borrowers who want to borrow for a different purpose will not be able to use this lender, and residents of 10 states are also ineligible.

How Reach Financial Personal Loans Compare

How Reach Financial Compares

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Publisher Rating

2.75/5

A five pointed star

A five pointed star

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ordinary APR

5.99% to 35.99%

Publisher Rating

3.5/5

A five pointed star

A five pointed star

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ordinary APR

7.99% – 24.99% APR

Publisher Rating

4.25/5

A five pointed star

A five pointed star

A five pointed star

A five pointed star

A five pointed star

ordinary APR

7.99% – 23.43% (with all discounts)

Reach Financial does not have a minimum credit score requirement. Payoff has a lower credit score requirement than SoFi, but if your credit isn’t in the best shape, Payoff may charge you a higher maximum APR. If you have excellent credit, you may be able to get the lowest rate with Reach Financial.

Both Reach Financial and Payoff are for borrowers looking to consolidate their debt. Only SoFi allows borrowers to get a loan for any other purpose.

See our qualification methodology for personal loans ┬╗

Frequent questions

Reach Financial is a Better Business Bureau accredited business with an A+ rating from the organization. BBB is a non-profit organization focused on consumer protection and trust. It evaluates companies by looking at their response to customer complaints, honesty in advertising, and truthfulness about business practices.

Reach Financial has not been involved in any recent controversy.

There is no minimum credit score required for a Reach Financial personal loan. Instead, the company considers your overall financial situation when making final lending decisions.

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