Ascend No Longer Making Personal Loans

Amrita JayakumarSeptember 22, 2017
On a similar note...
On a similar note...

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.

Ascend, an online lender that rewarded borrowers who used loans to rebuild credit with a lower interest rate, stopped lending in June 2017.

The San Francisco-based company focused on making personal loans to poor-credit borrowers who wanted to rebuild damaged credit. Every month, it rewarded those who showed responsible financial behavior, such as building savings or paying off debt, with lower rates.

For borrowers who received rate discounts through Ascend, it looked at the maximum reward received over the previous four months and used that for the remainder of the loan term, the company said.

Consider these other options for personal loans