- You are at least 18 years old (19 in AL)
- You live in a state we service
- You have a job or regular source of income
- You have an active and valid checking account (savings and prepaid accounts not accepted)
- You have an email address to receive account information
The results will be available to you in a matter of seconds after you submit your application. In some cases, we may need to ask for additional information or proof of income before your application can be approved. Once approved, you choose how much you want to borrow (based on your approval amount and state of residence). In the event we are unable to approve your application, we'll provide you a reason for denial.
If you received an offer from RISE in the mail, you need to complete our loan application. Simply hit “Apply Now” at the top of the page to get started!
Due to the changes in the Military Lending Act effective October 3, 2016, RISE is not available to applicants listed as Covered Borrowers in the Military Lending Act database, including qualifying active duty service members and their dependents as defined in 32 C.F.R. § 232. https://mla.dmdc.osd.mil/
Our loan approval amounts range from $500 to $5,000 - depending on the laws of your state. Returning customers may be eligible for an increased loan amount depending on their payment history and the affordability of the amount requested. See our How It Works page for more information.
The amount you are approved for is determined based on your state of residence, our assessment of what you can afford and your credit history. In several states we are not allowed by law to offer lower loan amounts. To understand the loans that we offer in your state please visit our How It Works page.
If we receive your application by 6pm ET and you are approved, we can electronically deposit your money into your account as early as the next business day (M-F excluding bank holidays). You can contact the ACH department of your bank to verify that the funds have been credited to your account. If you prefer, you can request a paper check. If a paper check is chosen please allow 7-10 days for delivery via the USPS. Applications received after 6pm ET are processed the next business day.
When you are approved, your first payment date and re-payment schedule are determined from your application information. At this time you cannot pick different payment dates other than what is presented on the Design Your Loan page. We do offer a 7-day payment extension for those times when you need a few extra days to make your payment.
This depends on our assessment of what you can afford, your application information and credit history and the loan amounts and terms offered in your state (see How It Works for more information on the terms in your state). It’s important to remember that RISE may not be the cheapest credit option and may not be the best option for you. To understand how our rates compare to other options check out the Why RISE page.
For returning RISE customers, we lower the rate on future loans based on payment history. If in one loan, you make 24 monthly payments (48 bi-weekly payments), the rate for your next loan will be 50% off (excluding customers with starting rates of less than 75%). And, if in multiple loans you make 36 monthly payments (72 bi-weekly payments), you qualify for a 36% rate for your next loan with RISE. Note that it may take two or more loans to reach 36% rate.
Keep in mind that RISE loans are not one size fits all and can vary based on your state and repayment term. What we can guarantee is that we'll do our part if you do your part. Making regular payments on your loan will be rewarded!
You have 5 business days from the date you signed your loan agreement to change your mind. If you decide that the loan isn’t right for you, simply call Customer Support at (866) 580-1226 and tell us that you no longer want the loan. You will repay the principal and will not be charged any fees or interest.
No, you must pay off your current loan before applying for a new one. If you are eligible for a refinance, the option is displayed when you sign in to your account.
Existing customers need to Sign In to their account to apply for a loan. You must wait 1-10 days (depending on the payment method) after paying off your previous loan before you can reapply. Once you are eligible to reapply, click on the ‘APPLY NOW’ button on your Account Overview page. For your convenience, simply review your information on file, answer a few questions and get your results.
Your loan will be setup to be paid back over several payments. Depending on your state of residence, you will be able to select the number of payments based on your loan amount and pay frequency.
For your convenience, if you have chosen to receive your money via electronic deposit (ACH debit), your payments will be electronically debited from your checking account. Contact Customer Support to make any other payment arrangements.
RISE does not have any pre-payment penalties, so we encourage you to pay back your loan early and save on interest!
Please contact Customer Support if you’re unable to make a payment by the due date. RISE does offer a 7-day extension on payments for those times when you need a few extra days. In most states, interest will continue to accrue on overdue amounts when you miss a payment.
If you want to revoke your ACH authorization please contact Customer Support and tell the agent you’d like to revoke your ACH debit authorization. The agent will make the necessary changes to your account and speak with you about alternative payment options available to you.
Customers can become eligible to refinance their loan and get more money by making repeated timely payments of at least the minimum amount due. When you become eligible we will send you an email notification and a “Refinance” tab will appear on your account homepage next to “Account Overview”. Simply go to this “Refinance” page to get started. Refinance eligibility is subject to RISE's discretion. Not all states are eligible for refinancing.
When you are approved for a refinance, you will receive a new loan, which will be used to pay off your current balance, and then we’ll send the remaining cash to you!
When you are approved for a refinance, you will qualify for at least the same amount of money that you were approved for on your previous loan application. Some customers may qualify for larger loans, subject to affordability. Refinance approval is based on your current application information.
You are getting a new loan, so your APR, loan schedule and payment amount may change from what it is today. You can review all of this information after you apply on the Design Your Loan page. The complete disclosure of APR, fees and payment terms will be provided in your new Loan Agreement.
Yes, this will be a new loan. In order to obtain the funds, you must sign a loan agreement for the new loan amount.
Sign In to your account and hover over “My Account” at the top of the page, then select “Account Settings”. This page allows you to edit your contact information and password. If you’ve forgotten your password, simply click “Forgot Password” on the Sign In page and enter your email address.
Sign In to your account and hover over “My Account” at the top of the page, then select “Account Settings”. This page allows you to update your messaging preferences. If you’ve forgotten your password, simply click “Forgot Password” on the Sign In page and enter your email address.
Credit Score Plus is a free service offered by RISE that provides any RISE account holder a view of their TransUnion® credit score. This service also includes credit alert notifications that can be viewed through your account. Visit our Credit Score Plus page to enroll and our Build Good Credit page to learn more about what a good credit score means for you.
We know it’s hard to believe, but yes! We will not ask for a subscription fee or payment from you, ever. RISE gladly pays for your access at any time to your credit score and we retrieve your updated score every 30 days. Rest assured that your credit information is never stored or saved by RISE, and is viewable only to you.
The credit score is developed by TransUnion® from information in a consumer's credit report. It is calculated on a scale of 300 to 850. The TransUnion® score is calculated with an algorithm taking into account factors of an individual's credit such as on-time payment percentage, length of credit history, number of credit lines, and more. Like other scoring models, TransUnion® New Account simply uses a mathematical formula, plus the credit report, to assess how likely the customer is to pay their debts. By law, you can receive one free credit report every year from each of the three bureaus. Visit our Build Good Credit page to learn more about your credit and how to request your copies of your credit report.
When you receive notification of a TransUnion® credit alert, you are being informed of new information added to your credit report that may impact your credit score. Details of your alerts can be viewed on the Credit Score Plus page within My Account.
If you receive an alert with information that is incorrect or unknown to you, you should immediately contact the source provider of the alert. For example, if a new credit card account has been opened in your name that you did not apply for, contact the credit card company immediately. Visit our Build Good Credit page for more information on how to correct credit report problems.
For the millions of working Americans who have limited access to lower-cost credit products, RISE is a smarter credit option. RISE is an installment loan offering a flexible payment schedule and rates that go down over time with successful payments. Also, our fees are prorated. This means that customers pay for only the number of days they keep the loan.
At RISE we believe everyone should have access to responsible credit that meets their needs and helps you reach a better financial you. We offer you loans at better prices, when you need us. And if you need us again, you will see a 50% drop in your rate on future loans after making 24 months of scheduled payments (excluding customers with starting rate of less than 75%). Even better, after 12 additional months of payments, you will qualify for a 36% rate!** We also encourage customers to pay back their loan as soon as possible so they pay less in the long run.
But a “better financial you” also means empowering you to make better-informed financial decisions. With tools like Credit Score Plus and the information on our Financial Wellness page, you can start building a brighter financial future… and one day, gain access to even more credit options.