Overdraft Apps » App Reviews » Similar Apps » Loans like LendUp

Have you previously used a loan from LendUp and were thinking about a get another? You may be surprised to learn that LendUp is no longer in business. Read on to find some good alternatives.

LendUp was a one-time Silicon Valley darling, that attracted investment from PayPal, Google and top-tier venture capital funds, like Andreeson Horwitz and Kleiner Perkins.

LendUp loans

But the LendUp story came to an abrupt end in December, 2021 when company suddenly ceased operations. This came in the wake of an order from the U.S. Consumer Financial Protection Bureau, requiring LendUp Loans to pay a $100,000 penalty, stop issuing new loans and halt collecting on certain outstanding ones after repeated deceptive marketing and other fair-lending violations. (If you had a LendUp loan outstanding at that time, it was your lucky day, as all outstanding loans were forgiven as the company shuttered its doors.)

LendUp offered fast approvals on loans of several thousands of dollars, even if you had a shaky credit history. While LendUp isn’t around anymore, there are several other options that may meet your needs.

Other Loans like LendUp

PockBox.com App

PockBox could serve as a great alternative to the LendUp app. Similary to LendUp, PockBox allows you to borrow as low as $100 but up to $2,500 (compared to $1,000 for LendUp). The process is quite similar: a lot of questions (that shouldn’t take you more than 5 minutes) and you are good to go!

Read the terms and conditions before you take a loan (that’s true for every lender out there) so you know what you are in for. Start the approval application here.

Earnin App

Earnin (also known as ActiveHours) works with many large employers to help employees receive parts of their paycheck before payday. If you work with one of their many employer partners you can get paid multiple times throughout the course of a month based on your timesheet at work. Once you are deemed a “trustworthy“ borrower, Earnin is able to give cash advances of up to $500! Once you are approved by the app (process usually takes about 2 days), you can start getting cash immediately… free of charge! Get started with Earnin here.

Read more: Earnin app review

Dave App

Dave offers cash advances of up to $75.  After you sign-up, they will ask you some basic questions and connect to your bank account. It is not uncommon be asked to provide additional verification information. After getting approved, you can request money as many times as you wish. Dave charges a $1/ month subscription fee and in some instances transaction fees (up to $5 for a loan of $75).

Read more: Dave app review

HonestLoans App

HonestLoans is a great alternative to LendUp. After asking you questions and gathering some background information about you, it will let you know the best lender for the amount of money (between $100-$2,500) you need.The process takes only a few minutes. The only thing you need to make sure is to read the terms and conditions of the loan you’re taking. You can check out their website here.

In this article, we reviewed apps that can provide you with alternatives to apps like LendUp. We hope that this review of different overdraft and personal loan apps will help you choose the best options for you.

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