Achieve debt consolidation loan, reviewed
Achieve lends $5,000 to $50,000 and lowers the rate when it pays your creditors directly. Its rates, fee and score floor.
$354 to $594 a month with Achieve on $15,000 over four years
$489 a month to clear the same $15,000 on 24% cards in four years
| APR range | 6.25% to 35.99% |
|---|---|
| Loan sizes | $5,000 to $50,000 |
| Terms | 2 to 5 years |
| Fee | Origination fee of 1.99% to 9.99% |
| Bank average, 24-month loans | 11.9% |
A Achieve debt consolidation loan replaces several card payments with one fixed payment. Every Achieve loan carries a fee of at least 1.99%, but direct payment to your cards can cut the rate.
Below are its rates, sizes and fees from its own disclosure, and who it suits.
Rates and loan sizes
Achieve lists APRs from 6.25% to 35.99% on loans of $5,000 to $50,000 (Achieve).
You pick a term of 2, 3, 4 or 5 years. The bank average for a 24-month loan is 11.9% (Federal Reserve G.19).
Credit score needed
Achieve states a minimum credit score of 560, and 660 for loans of $35,000 or more (Achieve).
That floor is lower than many lenders here. A score near the floor gets a rate near the top of the range.
Fees
Achieve charges an origination fee from 1.99% to 9.99% (Achieve). On $10,000, that is $199 to $999.
There is no no-fee Achieve loan. Compare its APR, which counts the fee, with a no-fee offer.
How the money reaches your cards
Achieve gives a direct pay discount when it sends the loan straight to your creditors. A co-borrower or a retirement asset can also lower the rate.
Who the Achieve debt consolidation loan fits
It fits a borrower with a fair score, from 560 up, who wants the cards paid directly.
It is a weaker pick if your credit wins a no-fee loan at a similar APR.
Complaints about Achieve are public in the CFPB database: 81 personal loan complaints under Freedom Financial Network.
Other choices
Put a Achieve offer next to two others before you sign. The best loans page lists all 16 lenders with their fees.
Run the offer through the debt consolidation calculator to see the payment next to what your cards cost.Compare Achieve with
Lender APR Loan sizes Fee 
PenFed6.39% to 17.99% Up to $50,000 No origination fee 
LightStream9.99% to 23.94% with autopay $5,000 to $100,000 No origination fee 
Discover6.99% to 24.99% $2,500 to $40,000 No origination fee 
Wells Fargo6.74% to 26.74% $3,000 to $100,000 No origination fee 
SoFi6.99% to 35.49% $5,000 to $100,000 Optional fee of 0% to 7% 
LendingClub5.96% to 35.99% $1,000 to $75,000 Origination fee of 0% to 8% 
Reach Financial5.99% to 35.99% $3,500 to $40,000 Origination fee of 0% to 8% 
Upstart6.3% to 35.99% $1,000 to $75,000 Origination fee, 8.15% in Upstart’s own example loan 
Best Egg6.99% to 35.99% $2,000 to $50,000 Origination fee up to 9.99% 
Upgrade7.74% to 35.99% $1,000 to $50,000 Origination fee of 1.85% to 9.99% 
Happy Money8.95% to 35.99% $5,000 to $50,000 Origination fee set by amount, term and credit 
Prosper8.99% to 35.99% $2,000 to $50,000 Origination fee of 1% to 9.99% 
Avant9.95% to 35.99% $2,000 to $35,000 Administration fee up to 9.99% 
Universal Credit11.69% to 35.99% $1,000 to $50,000 Origination fee of 5.25% to 9.99% 
OneMain Financial11.99% to 35.99% $1,500 to $30,000 Flat $25 to $500, or 1% to 10%, by state
Related topics
- Personal loan for debt consolidation
- Wells Fargo
- Payday loan consolidation
- Debt consolidation loan calculator
About this lender
What credit score do you need for an Achieve loan?
Achieve states 560, and 660 for loans of $35,000 or more.
Does Achieve pay creditors directly?
Yes, and it lowers the rate when you let it pay your creditors directly.
What fee does Achieve charge?
An origination fee from 1.99% to 9.99% of the loan.
Check your Achieve offer today
You hold a Achieve offer, or you are about to apply. The fee and the term change what it really costs. Call and a specialist goes through the offer line by line against your cards.