Upstart took my money and intentionally rejected the first insta

When I approached them while looking for a loan, these guys made me submit unnecessary documents that none of the other financial institutions ever asked me. Anyway, I did that. They asked me in intervals. Once the documents were finalized in bits and pieces, the agent told me that the loan would certainly be approved for the said amount.

I needed the amount soon. They said that it would be done on time. They did provide me the loan amount on time, but the amount was less than the agreed amount. These guys take away money from the approved sum right under your nose and you cannot even dispute the matter. For some, it may not matter but it was a big deal for me.

However, I adjusted. I wanted to pay the loan early and these guys would not let me do that. They have all these questions which should not matter to them if someone wants to close their loan account. They would ask about the source of that kind of amount, the reason for closing the account and many other questions without any meaning for them unless they wanted to keep me paying more through adding their interest rate.

They will take no pain in skyrocketing your interest rate in very short term and would spoil your credit score for no reason. Even when I tried to pay my first instalment, they made sure to add the late fee because of their incompetency or mere greed. I tried to make the online payment which was rejected, I do not know why. Their website seemed too slow or unresponsive. Hence, I mailed them the form and the check to pay the first instalment.

However, I received an alert that I was 3 weeks late. I could not understand why because my letter was sent way before the last date. It showed me received and I believed that they would have process the instalment. But, only after the alert, before I could have reached out to them to check for the payment, I received a courier with the letter I sent to them.

I called the guy and asked what the reason was for returning my letter and he suggested that I must have filled inappropriate details or would have sent incomplete form. This was not the case at all. I had sent them the right paper with all the correct details. To check the same, I resent them the letter and this time, it was approved with the updated check including the late fee.

This is how they work, it is nothing more than a scam. You guys are not helping people. However, you are ruining their financial credit and making them pay for your greed. I should not have gone to this company. There are so many companies that provide great experience to their customers. The only reason I chose this one over others was that it promised fastest loan approval. But, if this is what it costs, it is better to have patience.


Is Upstart legit?
Upstart is not a legit business owner or provider. They are not aggressive towards their customer satisfaction and complaint grievance, and hence 1 consumer(s) was/were given a Upstart as a negative rating, and only a few left positive feedbacks.
Where is Upstart located?
Upstart is headquarted at San Carlos United States. We do not have any affiliation with the better business bureau or yelp reviews platform. You can contact Upstart by dialing +1(650) 204-1000 or visit their website
How much monetary loss is incurred by Upstart’s customers?
According to the reviews posted by Upstart’s customers, US $10000 was the total loss incurred, and hence the severity of the scam is extremely high.

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1 Review on Upstart


    Tell me why I took out a 30k loan to pay off credit card debt – dumbest idea ever!
    So I took out the 30k loan (which actually only gave me 27k to work with, due to origination fees and whatnot) and I’ve made my payments on time for 12 months at $1k per.
    The loan terms say that my loan is for a specified amount to time. So, making the payment each month will have it paid off in 36 months. Cool.
    However, I’ve now paid $12k+ on this loan and it says that I’ve only paid $1500 toward the principal and I now owe MORE than 30k.
    I know how compound interest works but they must be charging 4000% and at this rate, it will literally never be paid off.
    Know what’s less of a headache? Aside from not having debt – which, let’s be real, this is America. It’s almost impossible to survive without credit – bankruptcy. Literally bankruptcy is less bs than these loan scams. Learn from my mistake and DON’T DO IT.

Reported Loss :10000 $
Severity of Scam :Extremely High
Reported by : Anonymous
Views :