Lift Lending review
- APR
- Not disclosed
- Min. credit score
- Not disclosed
Our verdict
These unsecured debt consolidation loans lack transparency on rates, fees, loan terms and availability.
Lift Lending offers debt consolidation loans to help its customers pay off balances on their high-interest credit cards. However, the phone-only application and lack of loan details are concerning. If you value transparency and convenience, you should consider another lender.
Best for: Borrowers who need to consolidate high-interest credit card debts but have limited options.
Pros
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Simplify finances by consolidating debt
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Funding within 48 hours of approval
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No collateral required
Cons
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Lack of transparency on rates, fees and repayment terms
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You can only apply over the phone
Is Lift Lending legit?
Lift Lending is a legitimate company. Founded in 2022, the lender is accredited with the Better Business Bureau.
However, it falls short in terms of transparency. Key details about its loan products are not readily available on the website, which makes it difficult for potential customers to fully understand what they’re signing up for.
The company’s privacy policy mentions a commitment to protecting customer information, but it doesn’t go into specific details about how that is achieved. The privacy policy also informs customers that their information may be disclosed to third parties.
Where Lift Lending falls short
The biggest drawback to borrowing from Lift Lending is its lack of transparency. While the company claims to offer debt consolidation loans, details on its products aren’t made public. You can’t find any information about APRs, minimum and maximum loan amounts, qualification criteria, repayment terms or fees anywhere on the company’s website.
It’s also unclear if Lift Lending merely provides loans or if additional services are available. Its website and several reviews mention the “programs” offered by the company, but there’s no information available about what these programs include.
If you apply with Lift Lending, you must do so over the phone. The website appears to offer an online application option, but once you provide your personal information, it directs you to wait for a text or call from the company. You’ll also need to check if the company is licensed to operate in your state — geographic availability is not provided on its website.
What makes Lift Lending shine?
Lift Lending is designed to help borrowers struggling with high credit card balances pay off their debt with a personal loan. Credit card APRs are notoriously high, so it can be beneficial to take out a debt consolidation loan at a lower rate.
A personal loan also helps streamline payments. Instead of making multiple payments to several card companies, you only make a single payment to Lift Lending.
Loans through Lift Lending are unsecured, which means no collateral is required. While the company doesn’t list minimum credit score qualifications, it claims to work with borrowers with various credit profiles.
Funding arrives quickly once your application is completed and approved. Borrowers typically receive loans within 48 hours.
Lift Lending loan details
| Minimum credit score/credit range | Not disclosed |
| APR | Not disclosed |
| Loan amount | Not disclosed |
| Terms | Not disclosed |
| Approval turnaround | Within 48 hours after approval |
| Availability | Not disclosed |
| Fees | Not disclosed |
Lift Lending contact info
| Phone number | 1-877-503-2228 |
| Customer service hours | 8 a.m. to 5 p.m. CT |
| help@liftlending.com | |
| @liftlendingusa | |
| @weareliftlending |
Calculate your monthly loan payments
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| Principal | $ |
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| Total Cost | $ |
How to qualify for Lift Lending
Lift Lending offers few details on eligibility for its personal loans. However, most lenders require that you provide:
- Valid Social Security number
- Government-issued ID
- Information on your residence
- Email address
- Telephone number
- Details on your employment
- Proof of your ability to repay the loan
How to apply
Here’s what to expect from Lift Lending’s application process:
- Apply by phone at 1-888-507-5438. You can also request a rep to contact you by completing the online form.
- Talk to the customer service team to learn what programs it offers to help manage your credit card debt.
- Provide the necessary information and supporting documents to complete the application.
- Receive funds within 48 hours of final approval.
How Lift Lending compares to other lenders
What is the Finder Score?
The Finder Score crunches 6+ types of personal loans across 50+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
Lift Lending reviews and complaints
| BBB accredited | Yes |
|---|---|
| BBB rating | A |
| BBB customer reviews | 3 out of 5 stars, based on 2 customer reviews |
| Trustpilot Score | 4.8 out of 5 stars, based on 152 customer reviews. |
| Customer reviews verified as of | 22 August 2024 |
Reviews of Lift Lending on the Better Business Bureau (BBB) website are split. There are only two reviews currently available: one that’s positive and another that’s negative. With more than 150 ratings, Trustpilot offers more insight into the company’s reputation.
Over 90% of reviewers on Trustpilot gave Lift Lending five stars. Most of the positive reviews mentioned how helpful the customer service department is, with many calling out specific team members by name. They often remark on the representatives’ knowledge and willingness to answer questions.
As far as negative feedback goes, a few people mention that representatives from Lift Lending are persistent and don’t take “no” for an answer. Others complain about receiving unsolicited offers in the mail and difficulty removing themselves from Lift Lending’s mailing list. Another recurring issue is how long the full application process takes.
What are people saying on Reddit?
People on Reddit are not currently talking about Lift Lending. The lack of conversations about this company is probably due to its age and size. Lift Lending was founded just two years ago and only has a handful of employees listed on LinkedIn.
Frequently asked questions
What types of personal loans does Lift Lending offer?
Lift Lending specializes in providing debt consolidation loans to help customers pay off high-interest credit card balances.
How quickly does Lift Lending send funds after my loan is approved?
Once all supporting documents are submitted and your application is approved, you should expect to receive funds within 48 hours.
What should I do if I encounter an issue with my Lift Lending loan?
If you have any problems, call the customer service department at 1-877-503-2228.
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