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Dom plus loan reviews11/4/2023 ![]() Meeting the requirements below won’t guarantee approval, but they can help you decide if a personal loan is the right fit for you. All lenders have their own unique underwriting requirements, but these typically include information from an applicant’s credit profile and other factors that demonstrate the ability to repay the loan, such as income. Personal loan applications are approved or declined based on a number of factors. Achieve personal loans can be used to refinance third-party debts as well as existing Achieve loans. Discounts may be available for borrowers who use loan funds to directly pay off debts, applicants who add a co-borrower with sufficient income and borrowers who have $25,000 or more in retirement savings. Achieve offers qualified applicants several opportunities to access discounted rates, and borrowers can qualify for more than one discount. Once the agreement is signed, customers also can change the payment date by working with Loan Servicing or Customer Service. Prior to signing the loan agreement, Achieve borrowers can choose their preferred payment date. ![]() Not only does this streamline the debt consolidation and payoff process, but borrowers who opt into this service are also eligible for discounted rates. Borrowers can choose to have Achieve send payments directly to third-party creditors for debt consolidation purposes. Borrowers who wish to pay off their Achieve loans early are not charged a prepayment penalty. Prepayment penalties are fees charged by some lenders when a borrower pays off her loan balance prior to the final due date. This fee was also halted in April 2020, and there is no indication of when it will be reinstated. Historically, Achieve charged customers a $5 fee for calling customer service to make a payment rather than setting up automated ACH payments.
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