Unveiling the Truth: Is Upstart Loan a Legitimate Option?
Upstart is a lending platform that uses artificial intelligence (AI) to assess the creditworthiness of borrowers. It was founded in 2012 and has since become one of the largest online lenders in the United States. Upstart's AI-powered underwriting model considers a wider range of data than traditional credit bureaus, including education, employment history, and cash flow. This allows Upstart to approve borrowers who may have been denied credit by other lenders.
So, is Upstart loan legit? The answer is yes. Upstart is a legitimate lender that has been approved by the FDIC and the NCUA. It is also a member of the Online Lenders Alliance (OLA), which is a trade association that represents responsible online lending practices. Upstart has a strong track record of customer satisfaction, with over 90% of borrowers reporting a positive experience.