7 Best LendingPoint Loans Alternatives

Installment loans can get confusing, especially the higher the dollar amount. From payday promises to complicated applications for installment loans, it may seem like a better idea to give up and suffer without the needed money.

LendingPoint is an excellent alternative to the risky payday loan business online by offering a professional, qualified group of lenders ready to work with you and your credit score. Personal loans through them come with many selling points, and their ability to cater to your needs sets them far apart from the rest of the pack.

Meet LendingPoint Loans

Online loans are becoming a necessity in society today, which is why so many companies are springing up ready to provide borrowers with options. LendingPoint is not a payday loan service but instead deals with personal loans for any purpose.

It doesn’t matter to LendingPoint if you’re paying off medical debt, trying to refinance mortgage payments, or consolidating debt. Their website states that more than 2 million people have applied for their services in 2018 alone, and the number continues to climb.

Trusting a company with your finances is always one of the hardest decisions, especially if you feel caught in a hard spot. LendingPoint is there for not only emergencies but other expenses, too. They cover a large variety of needs, which makes them great as a lender in this industry.

What LendingPoint Offers

Bad credit isn’t something that will prevent LendingPoint from working with you. In fact, this is their target audience! If you have a 600 or more score, you’re exactly what LendingPoint looks for when it comes to offering loans.

Your loan details are based on your own unique situation, but LendingPoint has a few averages that can help you decide if this is the company for you. Expect to find these variables when it comes to borrowing from LendingPoint:

  • $2,000-$25,000 loan amounts
  • Up to 34.99% APR, beginning at 15.49%
  • Extremely customizable payment plans
  • Next-day funding
  • Attention and eager customer service drove to help
  • Fast response after applying
  • Currently active in 34 states

LendingPoint looks well beyond your basic credit score and into your financial history to get a complete picture of how you handle your money. Job history, income, and your experience with credit will go a long way to getting approved with LendingPoint.

LendingPoint Benefits Over Payday Loans

Personal installment loans are always a better option than payday loans, which can have skyrocketing interest rates at 400% and limited time to repay the debt. Disaster can happen easily with the slightest mistake if you take out a payday loan, whereas you have some wiggle room with LendingPoint.

Plus, you can get access to far larger amounts with LendingPoint than you could with most online personal loan lenders. This financial group is clearly professional and stands apart from the shady, scamming payday loan businesses that horror stories are told about.

How To Qualify For A LendingPoint Loan

Since this is a bit more of a reputable company, LendingPoint has some requirements for those hoping to borrow. You can get an answer quickly by filling out the super easy soft check application from their website. It won’t affect your credit score since it just looks at the information you provide and let you know if it is accepted or not.

The qualifications that LendingPoint expects to you meet to be willing to lend to you include:

  • A minimum credit score of 600
  • A minimum yearly income of $20,000
  • A social security number
  • Income-to-debt ratio under 35%

Since they work with lower credit than most personal lenders in their league, the APR can be higher than their competitors. This is just how they ensure their own safety, and by choosing the best payment plan, you can get the most out of your personal loan.

But, there are plenty of other options that you can find if the rates that you get from lenders here are too high or the conditions not fit. This is why we created this article to show you 7 great LendingPoint Loan alternatives.

Visit Lending Point


Official Site

Based in Las Vegas, this site offers to connect you with about 100 lenders around the USA; its requirements and offers work like any other US online loans site, with de difference of offering really low-rate loans even when dealing with bad credit loans and debt consolidation.

When entering the site, you will be shown options based on your credit request ranges from 100-250 $ to 2500-5000 $.

On the downside, the lender-pool is quite low, the offers that you will get from this site will be somehow limited, and the site doesn’t clear out the security system used to protect your credit information. Their internet base is based a bit shady, which supposes a high risk despite its reviews.


  • US-based
  • Generally low-rates
  • Good offers for bad credit loans


  • Low lender-pool which translates in a few offers
  • Unclear security methods
  • The low cap on the loans offered

NeedCashInstantly is an uncommon and risky alternative to look for if you wish to sell your current debt or have a bad credit score; nevertheless, if you are worried about a possible leak in your information or want to have many other options, is probably better for you avoid the risk.

To know more about NeedCashInstantly: NeedCashInstantly Review

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Official Site

GetFundsAsap is a quick online credit service website with a lender-pool of above 100 registered lenders. Unlike most sites, this allows you to review posted offers before requesting a credit, even though the posted offers are few. The conditions reflected are highly inclined towards the lender benefits.

Here you can apply online and request any amount of money between 100-5000 $, which will be approved or not by the lenders who check your profile and credit score on the site.

This way, unlike the other sites we named before, GetFundsAsap does not focus n bad credit loans, but any lender on the site can agree to extend you credit at his own risk.


  • Offers previews before contacting lenders
  • Variety of terms and conditions
  • Your information will be encrypted for security.


  • A minimum income of 1000 $/month to apply.
  • Not focused on reprogramming, debt consolidation, or bad credit loans

GetFundsAsap is overall a decent option to find a lender to refinance your current credit or lend you regardless of a bad score; nevertheless, you will have to search toughly to find the right offer. The site doesn’t focus on this type of personal loan.

To know more about GetFundsAsap: GetFundsAsap Review

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Official Site

Another good option when looking for a safe and quick loan can be Payzonno, this site offers a greater variety of lenders than the ones mentioned above, and its offer is closer to the one that you find with LendingPoint Loans.

As for itself, this is a US-based and directed loan connection service that can get you to contract with more than 200 lenders online.

Among its features, Payzonno counts with great customer service, nice and clear process information, a great lender-pool, and an inside market with deficient fees.

On the downside, this is a fully operative lending service connection site, meaning that you will have to search for debt consolidation offers separately. As for its requirements, they urge you to have a 90-day old income greater than 1000 $, and even when they highlight the offer of poor credit loans, this depends entirely on the lender’s decision.


  • Great lender-pool
  • Trustworthy and safe all-around


  • No offers lower than 1000$
  • Low offer cap at 5000 $
  • Poor credit loans are scare

Payzonno’s service is expanded to all types of personal loans. Still, the cash cap is actually low, and most of the terms and conditions are not motivated by the site’s politics giving the lenders a lot of ground in the negotiation.

To know more about Payzonno: Payzonno Review – Loan Options

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Official Site

To make an online loan application on this website, you must complete a form and subscribe. Then, you will be able to submit a credit request and wait for the quick response of about 25 available lenders on the site.

FastCashOnlineis a member of the Alliance of Online Lenders 2018. Even though their customer service isn’t really great, they offer a great FAQ and “how it works” sections that clear out almost every aspect of the process.


  • Quick lenders response
  • Certified by the Alliance of Online Lenders
  • Cristal clear policies


  • Request cap of 2500$ -Which is really low-
  • Extremely low lender-pool around 25

FastCashOnlinedoes guarantee two things: First, security and legality, being endorsed by a recognized online lenders organization valued in the US; and second, the quick response and availability of its registered lenders.

This site’s downside is that such a low lender pool allows the inner market to be more restricted when it comes to the “offer and demand” factor, so you will have to look good for the lenders making negotiations tough, especially when it comes to bad credit loans.

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Official Site

Now, if what you need is a quick payout loan, then LoanSolo is a great option. They offer a loan connection service based in the US that provides loans for up to 1000 $ which is a really low cap.

To overcome this disadvantage, they work with speedy turnarounds, meaning that you can even get the money the same day you send the request.

This site is focused on small payday loans, directed to help you keep up until your next check comes in. Therefore they require few documents in comparison to other services reducing the time of the process.

On the other hand, you won’t request their services if you live in Pennsylvania, Vermont, West Virginia, New Jersey, New York, North Carolina, Georgia, Maryland, Massachusetts, Arizona, Arkansas, or Connecticut.


  • Swift turnaround
  • Great lender-pool
  • Secure system


  • Not available in some of the states
  • Meager cap at 1000 $

Not much to say, this is the best option all-around if you need 1000$ or less in no time.

To know more about LoanSolo: LoanSolo Review

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Official Site

LendYou is a loan and credit referral service based in the US that protects your information with 128-bit SSL encryption just like most professional banks do. But what really makes them shine is that they offer unsecured loans for as much as 15000 $.

Besides, the site urges lenders to approve most credits without much consideration in a limit time of 24 hours; they are usually approving all credits whether you have a good record or not and have very few limitations about the means of the credit –You can basically use the money for whatever you want as long as it is legal-

Keeping all this in mind, LendYou is probably the best option on our list, but it is only fit for US citizens, and the rates and fees will vary depending on your state and your personal credit score.


  • Quick turnaround
  • 100% legit and secure
  • Good approval range 100-15000 $
  • Bad loan friendly
  • Easy to use
  • Minimal use restrictions


  • Rates and fees can fly high. You have to evaluate carefully every lender until the best one appears

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Official Site

Now, for the last option of our list, we have the loan exchange. T offer services directed only to big loans, covering sums to up to 25000 $.

On the downside, the credit loans from this service range from a minimum of 6000 $, and they do have other requirements, including a credit score of at least 500 points and a bank account that is at least 90 business days old.

Also, TheLoanExchangeworks only in the US, and you can only apply if you are from Alabama, Arizona, California, Delaware, Hawaii, Iowa, Idaho, Illinois, Indiana, Kentucky, Louisiana, Maine, Mississippi, Missouri, Nebraska, New Hampshire, New Mexico, Ohio, Oregon, South Carolina, Utah, Wisconsin or Wyoming.


  • Good and competitive lenders with good and competitive rates
  • The site works with massive loans for a non-secured loan service.
  • Friendly to new businesses and entrepreneurs


  • If you have a good credit score, you could find better rates.
  • High fees from the site –With an origination fee that starts at 5%-
  • You can’t access the service from all the states.

It’s all about the deal!

In the end, what really makes the difference is the deal that you can bargain with the lenders who contact you through any of these sites. If you are looking for a bad credit loan or have a payment that needs refinancing, don’t stick to one lonely option, there are great LendingPoint Loans Alternatives you can consider.

To know more about The Loan Exchange: The Loan Exchange Review

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