RISE connects Texans with lenders to help them quickly get the money they need for emergency expenses. By working with RISE, you could be approved to borrow $300 to $2,000 and repay the loan over four to five months.
RISE is an online lender that helps borrowers get loans and lines of credit. While some lenders primarily offer loans to the most creditworthy applicants, RISE focuses on those with less than perfect credit.
In some states, RISE offers loans or lines of credit directly to borrowers. However, in Texas, RISE is a credit service organization, or credit access business, that connects borrowers with lenders.
After submitting your loan application, RISE will review your loan request, credit, income, and other factors to determine which lender could be the best fit. It can’t guarantee you’ll get approved, but if you do you could have money in your account by the next business day*. In addition to connecting you with a lender, RISE will also manage the loan repayment process.
Whether you’re taking out loans in Dallas, TX, are looking for an installment loan in Houston, or live in a small town in rural Texas, RISE will only connect you with loans that meet the following requirements:
RISE charges a credit service organization (CSO) fee for its services, and the CSO fee can vary depending on how much money you borrow and whether you choose to make bi-weekly or monthly payments. However, the combined interest on your loan and the CSO fee will always result in 60% to 299% APR on your loan.
Because RISE only works with lenders that offer installment loans, you’ll know your payment amount and when you’ll pay off the loan upfront.
As you repay your loan through RISE, we will report your payments to TransUnion, one of the big three credit reporting bureaus. Each month, the on-time payments you make could help you build a good credit history and may increase your credit scores. Payday loans rarely report your payments to a credit bureau.
RISE has gone a step further and gives everyone free access to its Credit Score Plus program. After signing up, you can get free access to a TransUnion credit score. The score is updated every 30 days, and members also get free TransUnion credit alerts.
Before applying with RISE (or another lender), you may want to review the educational material in RISE’s financial wellness center. You’ll find free downloadable pre-built spreadsheets that can help with budgeting, savings, and debt management.
The RISE blog also has educational content on building credit and saving money.
Or, if you’re ready to find out if RISE can help you find an installment loan, you can apply now and get a decision in minutes.