Achieve Personal Loans

Achieve Personal Loans, formerly known as FreedomPlus, is an online personal lender that focuses on consumers who want to consolidate high-interest debt such as credit card balances. The company is part of the Achieve financial wellness platform, which also includes debt resolution and home equity products.

Achieve personal loans are unsecured, meaning no collateral is required. The application process is completed online, and the company offers pre-qualification with a soft credit check that does not affect your credit score. A hard inquiry is made when you formally apply. Achieve also allows co-borrowers on some applications, which means a second applicant can be added to potentially strengthen the application.

Achieve charges an origination fee on its loans, which is deducted from the loan proceeds. This means the amount deposited into your account will be the loan amount minus the origination fee. Factor this into your borrowing calculations to ensure you receive enough funds to accomplish your goal.

Debt consolidation is the primary use case Achieve markets. Combining multiple high-interest credit card balances into a single personal loan with a fixed monthly payment can simplify repayment and potentially reduce total interest paid, but only if the new loan's rate is meaningfully lower than what you were paying before. Run the full math before consolidating, including the origination fee.

Achieve serves consumers across a range of credit profiles. Compare rates and terms from multiple lenders including banks, credit unions, and other online lenders before accepting any loan offer. Review the full APR and total repayment amount before signing. Achieve loans are funded through partner banks.