FreedomPlus
PaidPersonal loans that consider assets and savings beyond just credit scores
🔗Debt ConsolidationAbout FreedomPlus
FreedomPlus looks beyond credit scores when evaluating loan applications, considering factors like retirement savings, home equity, and overall financial picture. This approach can help borrowers with moderate credit scores qualify for better rates than they might receive elsewhere. Loans range from $7,500 to $50,000.
What's Great
- ✓Considers retirement savings, home equity, and overall financial picture beyond credit scores
- ✓Borrowers with moderate credit may qualify for better rates through holistic underwriting
- ✓Joint applications available to improve eligibility and terms
- ✓Direct creditor payment option for debt consolidation loans
Watch Out For
- !Origination fees of 1.99-6.99% reduce net loan proceeds
- !Minimum loan of $7,500 excludes smaller borrowing needs
- !Interest rates can still be high for borrowers without significant assets
- !Funding timeline is 2-5 business days, not same-day
Common Use Cases
Borrower with moderate credit but strong retirement savings seeking better loan terms
Homeowner leveraging home equity consideration to get a lower unsecured loan rate
Couple applying jointly for debt consolidation with holistic financial assessment
Pricing Model
Paid
Paid subscription required. Check the website for current pricing and free trials.
Category
Debt Consolidation
Combine multiple debts into a single loan with a lower interest rate.
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