Upgrade Debt Consolidation Loan
Upgrade offers debt consolidation loans from $1,000 to $50,000 with terms up to 84 months, accessible to borrowers with scores as low as 580.
Last checked on June 12, 2026. We may earn a commission when you click through.
Upgrade Debt Consolidation Loan
Updated 4 months agoAPR Range
7.74–35.99%
Amount
$1k–$50k
Term
24–84 months
Type
debt_consolidation
You'll be redirected to upgrade.com
Our Verdict
Upgrade's debt consolidation loan offers flexible terms and rate discounts, viable choice for many borrowers.
Best For
This loan is ideal for fair-credit borrowers looking to manage multiple debts with .
Watch Out
The APR ranges from 7.74% to a high 35.99%, which may be steep for some borrowers, particularly those with less-than-perfect credit.
Pros
- Accessible to fair-credit borrowers
- Loan amounts from $1,000 to $50,000
- Flexible terms up to 84 months
- Discounts available for autopay
- Next business day funding
Cons
- APR ranges from 7.74% to 35.99%
- Higher rates for lower credit scores
- Potential hidden fees
- Not ideal for excellent credit borrowers
- Limited customer service hours
Full Review
If you have fair credit, Upgrade's debt consolidation loans could provide a lifeline with amounts ranging from $1,000 to $50,000 and terms of up to 84 months. The minimum credit score requirement is 580, which opens doors for many. you can receive discounts for autopay and direct creditor payments.
While the loan amounts are appealing, the APR ranges from 7.74% to 35.99%. Borrowers with lower credit scores may face the higher end of this spectrum, making it essential to weigh the total cost of borrowing. If you need funds quickly, Upgrade promises next business day funding, which is a significant advantage.
Customer service is often highlighted positively, but be aware of the fees that may apply, which can affect the overall loan cost. Unlike some competitors, Upgrade does not charge a prepayment penalty, allowing you to pay off your loan early without additional costs. This flexibility can be beneficial for those looking to save on interest.
Overall, Upgrade's platform is user-friendly, providing a application process. However, those with excellent credit might find better rates elsewhere, such as with SoFi or Marcus, which cater more to prime borrowers. Evaluate your credit situation before proceeding to ensure you get the best possible terms.
Who Is This For?
This loan is suitable for fair-credit borrowers who need to consolidate debt and prefer a straightforward application process.
What Borrowers Say
Borrowers appreciate the easy application and funding speed but express concerns about high APR rates.
Summary
Upgrade offers a valuable option for debt consolidation, though borrowers should be cautious of high-interest rates based on credit scores.
About This Loan
Requirements
- Minimum credit score 580
- US citizen or permanent resident
- Verifiable income
- Must be 18+
- Bank account required
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