Typically you will hear the term "signature loan" associated with this line of credit score, as your signature is the promise that you'll pay it back to the lender.
Then, you pay back the loan in fastened funds that embody curiosity over a period of time, typically two to five years.

In states the place the LendUp Ladder is offered, you could possibly also have the flexibility to qualify for larger greenback quantities or decrease rates of interest over time.