How to apply for a upstart loan online is easier to understand when you have clear, practical guidance. This guide explains key costs, approval criteria, timelines, and lender expectations so you can compare options and choose the right path for your situation.

What is an Upstart loan?

An Upstart loan is a personal loan provided by Upstart, a financial technology platform that uses alternative data to assess borrowers. These loans are designed to offer better access to credit for individuals who may not fit traditional lending criteria.

Definition of Upstart loan

Upstart loans are unsecured personal loans offered primarily to borrowers who may have limited credit history. The platform utilizes artificial intelligence and machine learning to evaluate the creditworthiness of applicants, focusing not only on credit scores but also on education, employment, and income potential.

Types of loans offered

Upstart provides various loan types, including personal loans for debt consolidation, credit card refinancing, medical expenses, and home improvements. The flexibility in loan purposes allows borrowers to tailor the loan to their specific needs, making it a versatile financial tool.

Purpose of Upstart loans

The primary purpose of Upstart loans is to provide accessible financing to individuals who may be overlooked by traditional lenders. By using a broader range of data points, Upstart aims to offer loans to those with less-than-perfect credit scores or limited credit history, helping them achieve financial goals.

Who is eligible for an Upstart loan?

Eligibility for an Upstart loan typically includes age requirements, a minimum credit score, and a stable income. These factors are crucial for determining whether an applicant qualifies for a loan and at what rate.

Age requirements

To apply for an Upstart loan, applicants must be at least 18 years old. This age requirement aligns with legal guidelines for contractual agreements and ensures that borrowers can independently manage their loan obligations. In certain states, the minimum age may be higher, so it’s essential to check local regulations.

Credit score criteria

While Upstart does not have a strict minimum credit score requirement, a score above 620 is generally favorable. However, Upstart considers other factors beyond just the credit score, such as educational background and employment history, which can help lower-risk borrowers qualify even with moderate scores.

Income requirements

Applicants need to demonstrate a stable income to qualify for an Upstart loan. This can include income from employment, self-employment, or other sources. Upstart often considers the debt-to-income ratio, which should ideally be below 40%, to ensure borrowers can manage their repayments comfortably.

What documents do I need to apply for an Upstart loan?

Applying for an Upstart loan requires specific documents that verify your identity, income, and credit history. These documents help Upstart assess your financial situation and determine your eligibility for a loan.

Identification documents

Applicants must provide valid identification, such as a driver’s license or passport. This documentation is essential for verifying the applicant’s identity and confirming that the information provided in the application is accurate. A government-issued ID is typically sufficient to meet this requirement.

Income verification documents

Income verification is crucial in the application process, and borrowers may need to submit recent pay stubs, tax returns, or bank statements. These documents help Upstart confirm the applicant’s income level and stability, which are critical factors in the loan approval process.

Credit history information

While Upstart will pull your credit report as part of their assessment, applicants should also be prepared to provide information regarding previous loans, credit cards, and any outstanding debts. This information aids in creating a comprehensive view of the applicant’s creditworthiness.

How do I start the Upstart loan application process?

Starting the Upstart loan application process involves creating an account, filling out an initial application form, and gathering necessary documents. These steps are designed to streamline the process and ensure that all relevant information is collected efficiently.

Creating an account

The first step in applying for an Upstart loan is creating an account on their website. This registration process requires basic information such as your name, email address, and phone number. Once your account is set up, you’ll gain access to the application portal, where you can manage your loan application.

Initial application form

After creating an account, you will need to fill out an initial application form, which will ask for personal and financial information. This includes details such as your employment status, income, and desired loan amount. Providing accurate information is critical to ensuring a smooth application process and avoiding delays.

Gathering necessary documents

Before submitting your application, gather all necessary documents, including identification and income verification documents. Having these materials ready can expedite the application process. It’s advisable to review Upstart’s specific requirements to ensure you include everything needed for a complete application.

What information is required in the Upstart loan application?

The Upstart loan application requires detailed personal, financial, and loan amount information. This data is essential for Upstart to assess your eligibility and determine the best loan terms for you.

Personal information

Applicants must provide personal information, including full name, address, date of birth, and Social Security number. This information helps Upstart verify your identity and assess your creditworthiness. Accuracy is paramount as discrepancies can lead to application delays or denials.

Financial information

Your financial information includes details about your income, employment, and existing debts. Upstart uses this data to evaluate your ability to repay the loan. This section typically requires disclosure of salary, bonuses, and any additional sources of income, along with current monthly debt obligations.

Loan amount request

In the application, you will specify the loan amount you wish to borrow. Upstart offers loans ranging from $1,000 to $50,000, depending on various factors like creditworthiness and income. It is essential to request a realistic amount based on your needs and repayment capability to avoid future financial strain.

How does Upstart assess my loan application?

Upstart assesses loan applications through a combination of credit score evaluation, income verification, and debt-to-income ratio analysis. This multi-faceted approach helps ensure that borrowers can responsibly manage their loans.

Credit score evaluation

Upstart evaluates your credit score as a key factor in determining your eligibility for a loan. While traditional lenders may focus solely on this score, Upstart also considers other factors to provide a more comprehensive assessment. This means that even individuals with lower credit scores may still qualify if they demonstrate other strengths.

Income and employment verification

To verify income and employment, Upstart reviews submitted documents, such as pay stubs and tax returns. This step is crucial for assuring that borrowers have a stable income to meet monthly loan payments. A consistent employment history can also enhance your loan application by showcasing financial reliability.

Debt-to-income ratio

The debt-to-income (DTI) ratio is a significant metric in the assessment process. Upstart calculates this ratio by dividing your total monthly debt payments by your gross monthly income. A lower DTI indicates a healthier financial situation, which can enhance your chances of loan approval.

How long does the Upstart loan application process take?

The Upstart loan application process generally takes a few days from submission to funding. However, the exact timeline can vary based on the complexity of your application and the speed with which you provide requested information.

Application submission

Once you submit your application, Upstart typically reviews it within minutes. This rapid initial assessment allows borrowers to receive preliminary offers quickly. However, full approval may take longer as Upstart verifies all provided information.

Approval timeline

After the initial review, if your application is approved, you may receive a loan offer within one business day. At this stage, you can review the terms and decide whether to accept the loan. Prompt responses to any requests for additional information can expedite this process.

Funding process

Once you accept the loan offer, funding usually occurs within one to three business days. The funds can be deposited directly into your bank account. It’s essential to consider any potential delays due to bank processing times, especially if you’re applying close to a weekend or holiday.

What happens after I submit my Upstart loan application?

After submitting your Upstart loan application, it undergoes a review process where Upstart may request additional information. Following this, you will be notified of the decision regarding your loan application.

Review process

The review process involves assessing the information provided in your application, including your credit score, income, and debt levels. Upstart may contact you for clarification or additional documentation, which can affect the overall timeline of your application.

Potential requests for additional information

If Upstart finds any discrepancies or requires further detail, they will reach out to you directly. This could include requests for additional income verification or clarification on existing debts. Timely responses to these requests can significantly speed up the approval process.

Decision notification

After the review is complete, Upstart will notify you of their decision via email or through your online account. If approved, you’ll receive a detailed loan offer outlining terms, interest rates, and repayment schedules. If denied, Upstart will provide reasons for the decision, which can help you understand your financial standing.

Can I check the status of my Upstart loan application?

Yes, you can check the status of your Upstart loan application online or by contacting customer support. Both options provide transparency regarding your application progress.

Online status check

After logging into your Upstart account, you can view the status of your loan application in real-time. This online tool provides updates on where your application stands in the review process, giving you peace of mind while you wait for a decision.

Contacting customer support

If you prefer direct communication, you can contact Upstart’s customer support for updates. They can provide specific information about your application status and address any concerns you might have. Be prepared to verify your identity for security reasons.

Expected response times

Response times for application status inquiries can vary, but Upstart typically aims to respond within one business day. If you have submitted additional documentation or inquiries, it’s advisable to allow some time for processing before reaching out for updates.

What are the interest rates for Upstart loans?

Interest rates for Upstart loans can range from 5.4% to 35.99%, depending on various factors, including creditworthiness and loan terms. Understanding these rates is crucial for evaluating the total cost of borrowing.

Factors affecting interest rates

Several factors influence the interest rates offered by Upstart, including your credit score, income level, and existing debt. Borrowers with higher credit scores typically qualify for lower rates due to perceived lower risk. Additionally, the loan amount and term length can also affect the interest rate offered.

Average interest rates

On average, borrowers can expect an interest rate of around 21.2%. However, this average may not reflect individual experiences, as rates vary widely based on personal financial situations. It’s advisable to shop around and compare offers to ensure you’re getting the best rate possible.

Comparison with traditional loans

When compared to traditional bank loans, Upstart loans often provide more competitive interest rates for borrowers with limited credit history. Traditional lenders may charge higher rates or require extensive documentation, making Upstart a viable alternative for many individuals seeking personal loans.

What fees are associated with Upstart loans?

Upstart loans may come with various fees, including origination fees, late payment fees, and prepayment penalties. Understanding these fees is essential for assessing the total cost of borrowing.

Origination fees

Upstart charges an origination fee that typically ranges from 0% to 8% of the loan amount. This fee is deducted from the loan proceeds at the time of funding. It’s essential to factor this fee into your overall loan costs when calculating repayment amounts.

Late payment fees

If you miss a payment, Upstart may charge a late fee. These fees can vary but typically amount to around 5% of the missed payment or a minimum fixed amount. Staying on top of your repayment schedule is crucial to avoid these additional costs.

Prepayment penalties

One significant advantage of Upstart loans is that they do not impose prepayment penalties. This means you can pay off your loan early without incurring additional fees, potentially saving on interest costs over the life of the loan.

How much can I borrow with an Upstart loan?

With an Upstart loan, borrowers can request amounts ranging from $1,000 to $50,000. The amount you qualify for depends on several factors, including creditworthiness, income, and existing debts.

Minimum and maximum loan amounts

The minimum loan amount available through Upstart is $1,000, which can be beneficial for individuals looking to cover smaller expenses. The maximum loan amount of $50,000 enables borrowers to finance larger projects or consolidate significant debts, offering flexibility based on individual needs.

Factors influencing loan limits

Your eligibility for a specific loan amount is influenced by various factors, including your credit score, income, and debt obligations. Upstart’s assessment considers your overall financial health, ensuring that you can manage the loan repayment comfortably.

Use of loan calculators

Utilizing loan calculators can help you understand how different loan amounts and terms affect your monthly payments and total interest costs. Upstart provides tools on their website to assist borrowers in estimating repayments, ensuring informed decision-making.

What is the repayment term for an Upstart loan?

Repayment terms for Upstart loans range from 36 to 60 months, allowing borrowers to choose a schedule that fits their financial situation. The length of the term can significantly impact monthly payments and total interest paid.

Short-term vs long-term options

Short-term loans typically have higher monthly payments but lower total interest costs, while long-term loans offer lower monthly payments but may result in higher overall interest. Borrowers should assess their budget and financial goals to choose the term that best suits their needs.

Monthly payment structure

Monthly payments for Upstart loans are fixed, meaning they remain constant throughout the life of the loan. This predictability can aid in budgeting and financial planning, as borrowers know precisely what to expect each month.

Impact on credit score

Timely repayment of your Upstart loan can positively impact your credit score, demonstrating responsible borrowing behavior. Conversely, missed payments can lead to a decline in credit scores, highlighting the importance of adhering to the repayment schedule.

Can I pay off my Upstart loan early?

Yes, borrowers can pay off their Upstart loans early without incurring any prepayment penalties. Early repayment can lead to interest savings, making it a favorable option for many borrowers.

Prepayment options

Upstart allows borrowers to make additional payments or pay off the loan in full at any time. This flexibility enables individuals to manage their debt more effectively and reduces the overall interest paid on the loan amount.

Potential penalties

Unlike many traditional lenders, Upstart does not impose prepayment penalties. This lack of penalties is a significant advantage for borrowers who wish to pay off their loans early, as it provides greater financial freedom and flexibility.

Benefits of early repayment

Paying off your Upstart loan early can have several benefits, including reducing total interest costs and improving your credit score. Additionally, being debt-free sooner provides peace of mind and the opportunity to allocate funds towards other financial goals.

What is the process for receiving funds from an Upstart loan?

Upon approval of your Upstart loan, funds can be disbursed quickly through direct deposit to your bank account. Understanding the funding process helps ensure you receive your funds when needed.

Funding options

Upstart primarily disburses funds via direct deposit, which is the fastest method. Upon acceptance of the loan offer, borrowers provide their bank account details for the transfer. There may be options for issuing checks, but direct deposit is generally the preferred choice.

Timing of fund disbursement

After accepting the loan offer, funds are typically deposited within one to three business days. The exact timing can depend on the bank’s processing times. Borrowers should be mindful that weekends and holidays can introduce delays in fund availability.

Managing funds responsibly

Once you receive your loan funds, it’s essential to manage them wisely. Create a budget to allocate funds towards the intended purpose, whether it’s debt consolidation or home improvement, and ensure that you stay on track with your repayment schedule.

What happens if I can’t repay my Upstart loan?

If you cannot repay your Upstart loan, there are consequences, including late fees and potential damage to your credit score. Understanding your options in such situations is crucial for effective financial management.

Consequences of missed payments

Missing payments on your Upstart loan can lead to late fees and negatively impact your credit score. Each missed payment can remain on your credit report for up to seven years, making it important to communicate with Upstart if you anticipate difficulty in making payments.

Options for loan modification

If you’re struggling to make payments, Upstart may offer options for loan modification, including adjusting the payment schedule or reducing the monthly payment amount. Contacting customer support as soon as issues arise can help you explore these alternatives.

Impact on credit score

Repeated missed payments can significantly lower your credit score, affecting your ability to borrow in the future. Maintaining open communication with Upstart and exploring options early can help mitigate these effects and assist in finding a manageable solution.

Can I apply for an Upstart loan with bad credit?

Yes, individuals with bad credit can apply for an Upstart loan. Upstart considers multiple factors beyond credit scores, providing opportunities for those who may not qualify with traditional lenders.

Loan options for low credit scores

While Upstart does not have a strict minimum credit score requirement, applicants with scores below 620 may still qualify. The platform evaluates other factors, such as income and educational background, which can enhance approval chances for lower credit borrowers.

Minimum credit score requirements

Although there is no defined minimum credit score, having a score above 620 generally improves your chances of approval. Prospective borrowers should work on improving their credit scores through timely payments and responsible credit use before applying.

Alternative lending options

Individuals with bad credit may also consider alternative lending options, such as secured loans or peer-to-peer lending platforms. These alternatives might provide additional avenues for accessing credit while working on improving creditworthiness with Upstart.

What are the benefits of choosing an Upstart loan?

Choosing an Upstart loan offers several benefits, including flexible loan terms, a quick application process, and personalized loan offers. These advantages make Upstart an appealing option for many borrowers.

Flexible loan terms

Upstart provides flexibility in loan terms, allowing borrowers to choose repayment periods that align with their financial capabilities. Whether you prefer a shorter term to save on interest or a longer one for manageable monthly payments, Upstart accommodates various preferences.

Quick application process

The application process with Upstart is streamlined and efficient, often allowing for same-day approval. This speed is beneficial for borrowers needing quick access to funds, contrasting with traditional lenders that may take longer to process applications.

Personalized loan offers

Upstart uses advanced algorithms to create personalized loan offers based on individual financial profiles. This tailored approach ensures that borrowers receive loan terms that suit their unique circumstances, enhancing satisfaction and affordability.

How does Upstart compare to other online lenders?

When compared to other online lenders, Upstart stands out due to its innovative assessment methods, competitive interest rates, and relatively lenient eligibility criteria. Understanding these differences can help borrowers make informed choices.

Comparison of loan terms

Upstart’s loan terms are competitive, especially for those with limited credit history. While many traditional lenders may impose stricter requirements, Upstart’s use of alternative data can provide more opportunities for approval and flexible terms.

Interest rates comparison

Upstart’s interest rates can be more favorable compared to other online lenders, particularly for borrowers with lower credit scores. By evaluating a broader range of factors, Upstart can offer better rates to those who might otherwise be deemed high-risk by conventional standards.

Customer service evaluation

Customer service is a critical aspect of lending, and Upstart generally receives positive reviews for its support. With various contact options, including online chat and phone support, borrowers can access assistance when needed, enhancing the overall experience.

What are the common mistakes to avoid when applying for an Upstart loan?

Common mistakes to avoid when applying for an Upstart loan include submitting incomplete applications, overestimating loan needs, and overlooking terms and conditions. Being aware of these pitfalls can enhance the likelihood of approval.

Incomplete applications

Submitting an incomplete application can delay the approval process or lead to outright denials. Ensure that all required fields are filled out accurately and that all necessary documentation is attached before submitting your application.

Overestimating loan needs

Overestimating the amount you need can lead to unnecessary debt. Carefully assess your financial situation and only request what you truly need to avoid taking on more debt than you can manage.

Ignoring terms and conditions

Failing to read and understand the terms and conditions can result in unpleasant surprises later. Take the time to review all loan terms, interest rates, and fees to ensure you’re making an informed decision that aligns with your financial goals.

How can I improve my chances of getting approved for an Upstart loan?

Improving your chances of getting approved for an Upstart loan involves enhancing your credit score, demonstrating stable income, and providing accurate information on your application. These strategies can strengthen your application profile.

Improving credit score

Improving your credit score can significantly enhance your chances of loan approval. Focus on paying bills on time, reducing credit card balances, and correcting any errors on your credit report. A higher credit score can lead to better loan terms and lower interest rates.

Demonstrating stable income

Stable income is a key factor in loan approval. Ensure that your income documentation reflects consistent earnings. If you are self-employed, providing tax returns and bank statements can help establish your financial stability.

Providing accurate information

Accuracy in your application is crucial for approval. Double-check all entries for correctness and ensure that documentation matches the information provided. Discrepancies can raise red flags for lenders and negatively impact your chances of approval.

What customer support options does Upstart offer?

Upstart offers various customer support options, including phone support, an online chat feature, and a comprehensive FAQ section. These resources ensure borrowers receive assistance when needed.

Contacting customer service

Borrowers can contact Upstart customer service via phone for direct assistance. Representatives are available to answer questions regarding applications, funding, and repayment, providing a personal touch to the support experience.

Online chat options

The online chat feature allows borrowers to get quick answers to their questions without waiting on hold. This convenient option can be particularly useful for urgent inquiries and provides immediate access to support.

FAQs and resources

Upstart’s website contains a wealth of information in the form of FAQs and educational resources. These materials cover common questions and provide guidance on various topics related to loans, helping borrowers navigate the process effectively.

How can I manage my Upstart loan after approval?

Managing your Upstart loan after approval involves setting up automatic payments, tracking your loan progress, and keeping accurate financial records. These practices can help ensure timely repayments and overall financial well-being.

Setting up automatic payments

Setting up automatic payments can help ensure that you never miss a due date. Upstart allows borrowers to schedule automatic withdrawals from their bank accounts, simplifying the repayment process and eliminating the risk of late fees.

Tracking loan progress

Regularly tracking your loan progress through your Upstart account can provide insights into your repayment status. Monitoring payments and remaining balances can help you stay organized and on track with your financial goals.

Keeping financial records

Maintaining accurate records of your loan documents, payment history, and any correspondence with Upstart is essential. These records can be helpful for tax purposes, future loan applications, or if any disputes arise regarding your account.

What should I do if my loan application is denied?

If your Upstart loan application is denied, take time to understand the reasons behind the denial and consider options for reapplication or alternative financing. This proactive approach can help you improve your financial standing moving forward.

Understanding denial reasons

Upon denial, Upstart will provide specific reasons for the decision, such as insufficient income or a low credit score. Understanding these factors can help you address weaknesses and strengthen future applications.

Reapplying tips

If you choose to reapply, ensure you have addressed the concerns that led to the denial. This may involve improving your credit score or increasing your income. Taking these steps can enhance your chances of approval in subsequent applications.

Exploring alternative options

If reapplying with Upstart is not feasible, consider alternative lending options, such as credit unions or peer-to-peer lending platforms. These alternatives may provide viable solutions for securing the funds needed while you work on improving your overall financial profile.

Are there any alternatives to Upstart loans?

Yes, there are several alternatives to Upstart loans, including traditional bank loans, credit unions, and peer-to-peer lending platforms. Each option has its advantages and may cater to different borrower needs.

Traditional bank loans

Traditional bank loans are a common option for personal financing, typically offering lower interest rates for borrowers with strong credit histories. However, the application process can be lengthy and may require extensive documentation.

Credit unions

Credit unions often provide competitive loan rates and terms, especially for members. They may have more lenient eligibility criteria compared to traditional banks, making them an attractive option for individuals seeking personal loans.

Peer-to-peer lending

Peer-to-peer lending platforms connect borrowers directly with individual investors, often resulting in competitive rates. This alternative can provide access to funds without going through traditional banking channels, appealing to those with unique financial situations.

How does Upstart protect my personal information?

Upstart employs robust data security measures, including encryption technology and strict privacy policies, to protect personal information. Ensuring that your data remains secure is a top priority for the platform.

Data security measures

Upstart utilizes advanced security protocols to safeguard sensitive information from unauthorized access. This includes encryption technology that protects data during transmission and storage, ensuring that personal and financial details are kept confidential.

Privacy policies

Upstart’s privacy policies outline how they collect, use, and protect personal information. Understanding these policies can provide confidence in how your data is handled, reassuring borrowers that their information is treated with care and respect.

Encryption technology

Encryption technology is a critical component of Upstart’s security framework. By converting data into encoded messages, Upstart protects sensitive information from being intercepted during online transactions. This technology is essential for maintaining borrower trust and safety.

What are the tax implications of taking an Upstart loan?

The tax implications of taking an Upstart loan primarily relate to the deductibility of interest and reporting requirements. Understanding these factors can help borrowers navigate their financial responsibilities effectively.

Interest deduction eligibility

Interest paid on personal loans, including Upstart loans, is generally not tax-deductible. However, if the funds are used for qualified expenses, such as student loans or business expenses, there may be potential deductions available. Consulting a tax professional can provide clarity on individual circumstances.

Reporting requirements

Borrowers are not required to report personal loan proceeds as income, as loans are considered liabilities rather than income. However, if the loan is forgiven, the amount forgiven may be taxable. It’s essential to keep accurate records for tax purposes.

Tax benefits

While Upstart loans themselves do not offer direct tax benefits, using loan funds strategically can yield financial advantages. For example, consolidating high-interest debt or investing in education may offer long-term financial benefits, indirectly impacting tax situations.

Can I use my Upstart loan for any purpose?

Yes, Upstart loans can be used for various purposes, including debt consolidation, medical expenses, and home improvements. However, borrowers must adhere to any restrictions outlined in the loan agreement.

Permitted uses of funds

Permitted uses for Upstart loan funds include paying off credit card debt, financing home renovations, or covering unexpected medical expenses. The flexibility in fund usage allows borrowers to address a wide range of financial needs effectively.

Restrictions on loan use

While Upstart loans are versatile, some restrictions may apply. For instance, using loan funds for illegal activities or gambling is prohibited. Understanding these restrictions is crucial for ensuring compliance with loan terms.

Best practices for loan management

To manage an Upstart loan successfully, borrowers should create a budget, prioritize repayment, and avoid accumulating additional debt. Responsible use of loan funds and effective financial management can enhance the overall borrowing experience.

What should I consider before applying for an Upstart loan?

Before applying for an Upstart loan, consider assessing your financial needs, understanding loan terms, and evaluating your repayment ability. These considerations can guide you in making informed borrowing decisions.

Assessing financial needs

Clearly defining your financial needs is the first step in the loan application process. Determine the specific amount required and how the loan will be utilized. Avoid borrowing more than necessary to prevent future financial strain.

Understanding loan terms

Take the time to understand the terms and conditions of the loan, including interest rates, fees, and repayment schedules. Being informed about these details can prevent misunderstandings and ensure that the loan aligns with your financial goals.

Evaluating repayment ability

Before applying, evaluate your ability to repay the loan based on your income and existing financial obligations. Consider creating a repayment plan to ensure you can meet monthly payments without compromising your financial stability.

Mini FAQ

What is the maximum loan amount for an Upstart loan?

The maximum loan amount for an Upstart loan is $50,000.

How long does it take to receive funds after approval?

Funds are typically disbursed within one to three business days after loan acceptance.

Can I apply for an Upstart loan if I have no credit history?

Yes, Upstart considers alternative data, making it possible for individuals with no credit history to qualify.

What types of loans can I get through Upstart?

Upstart offers personal loans for various purposes, including debt consolidation, medical expenses, and home improvements.

Is there a prepayment penalty for Upstart loans?

No, Upstart does not charge prepayment penalties, allowing borrowers to pay off loans early without fees.

How can I improve my chances of loan approval with Upstart?

Improving your credit score, demonstrating stable income, and providing accurate information can enhance your approval chances.

What happens if I miss a payment on my Upstart loan?

Missing a payment can lead to late fees and negatively impact your credit score. It’s crucial to communicate with Upstart if you face repayment difficulties.