Is a Personal Loan Right for You? Here’s How to Know 

Is a Personal Loan Right for You?

Here’s How to Know

Personal loans can be a great financial tool—when used wisely. How can you assess whether a particular option is well-suited to your unique circumstances? Let’s walk through the reasons people consider personal loans, and how to know if one makes sense for you.

💡 What Is A Personal Loan

A personal loan is a type of installment loan that provides you with a lump sum of money upfront. You then repay this amount over a set period through fixed monthly payments. Unlike some loans that require collateral—such as a house or a car—personal loans are usually unsecured. This means you don’t have to offer any assets as security to qualify.

The exact terms of a personal loan can vary depending on the lender and your credit profile. These details include the loan amount, interest rate, fees, and repayment schedule. However, one key feature is consistent: personal loans come with a fixed payoff timeline and regular monthly payments. This can make budgeting easier and help you plan your finances with more certainty.

Many people use personal loans to consolidate credit card debt, cover unexpected expenses, or exit debt faster. This makes them a flexible borrowing option for many borrowers.

✅ Common Reasons to Get a Personal Loan

Here are some of the top ways people use personal loans:

1. Consolidating Debt

Tired of managing multiple credit card balances or high-interest loans? A personal loan can help you pay off debt by rolling them into one monthly payment—ideally with a lower interest rate. Not only does this simplify your debts into a single payment, but it could also save you money over time.

2. Covering Major Expenses

Unexpected expenses like car repairs, medical bills, or home maintenance can sneak up on you. A personal loan gives you quick cash, so you don’t have to use savings or high-interest credit cards.

3. Paying for Life Events

From weddings to moving costs to welcoming a new baby, life events can get expensive. A personal loan can help you pay for major expenses by breaking the cost into manageable monthly payments.

4. Building or Improving Credit

Making on-time payments on a personal loan can help improve your credit mix and payment history—both key parts of your credit score. It can be a helpful tool for rebuilding or improving your credit, especially if you make on-time payments.

5. Avoiding Credit Card Debt

If you need money or want to manage existing debt, a personal loan might be better than a credit card. It can have a lower rate and a clear plan to pay it back.

❌ Common Reasons NOT to Get a Personal Loan

Here are some situations where a personal loan might not be the best choice:

1. You Need Small, Short-Term Cash

If you only need a little money for a short time, a personal loan might cost more. It may also be more difficult to obtain than a credit card or a small loan.

2. You Can’t Afford the Monthly Payment

Taking out a personal loan means committing to fixed monthly payments. If your budget is tight and you’re unsure you can keep up, this could lead to missed payments and damage your credit.

3. You Don’t Understand the Terms

If the loan terms are unclear or you haven’t fully reviewed fees, interest rates, or repayment terms, you risk unexpected costs. Ensure you fully understand the terms before committing to a loan.

4.  You’re Not Ready to Commit

Personal loans have a set repayment period.If your finances may change soon—like a new job or moving—it’s often better to wait. Apply only after achieving greater financial stability.

🤔 Is a Personal Loan Right for You?

Here are a few questions to ask yourself before applying:

Do I have a clear need for the funds? A personal loan is best used for specific, planned expenses—not for impulse spending.

Can I comfortably afford the monthly payments? Make sure your budget allows for consistent repayment.

Will this loan help me save money or improve my financial situation? Consider the whole picture—interest rates, fees, loan payments, and how long it takes to pay off—to make sure it benefits you.

Have I thoroughly reviewed the terms and conditions? Carefully review all the details, including loan terms. Check for origination fees, prepayment penalties, or variable interest rates.

🚀 How Rocketship Financial Can Help

At Rocketship Financial, we make it easy to explore your personal loan options. Whether you’re combining multiple debts, consolidating credit card balances, or covering a expense, our personal loans come with:

🟢 No collateral required

🟢 Fixed interest rates

🟢 Flexible loan amounts

🟢 Clear, fast funding process

Best of all? You can verify your approval through a soft credit inquiry, which does not affect your credit score.

📞 Ready to See What You Qualify For?

At Rocketship Financial, we understand that choosing the right loan is an important decision. That’s why we offer a simple way to check your loan options and availability with a soft credit inquiry. This lets you explore your possibilities without any impact on your credit score.

Our team is here to guide you through the process and help you find a personal loan that fits your needs and budget.

📲 Please call 800-522-7766 or visit our website to submit your application today. Taking this first step can help you achieve your financial goals.

About Rocketship Financial

From personalized loan options and debt consolidation solutions to transparent support every step of the way, we help thousands of customers accelerate toward their goals—on their terms.

At Rocketship Financial, we believe financial freedom should be accessible, fast, and built around your life. That’s why we provide a seamless online experience, competitive rates, and a commitment to service that puts your needs first.

Looking for a smarter, simpler way to fund your future?

Apply Today

Hard vs. Soft Credit Pulls: What’s the Difference?

Hard vs. Soft Credit Pulls:

What’s the Difference?

When you apply for a loan, check your credit score, or look for an apartment, you may hear terms like hard pull or soft pull. But what exactly do these mean—and how do they affect your credit?

Knowing the difference between a hard and soft credit inquiry can help you make better financial choices. It can also protect your credit score. Let’s break it down.

💡 What Is a Credit Pull?

A credit pull, also known as a credit inquiry, happens when someone checks your credit report. Lenders, employers, landlords, and even you can review your credit history to evaluate your financial behavior.

Two types of credit pulls exist:

  • Soft Inquiry (Soft Pull)
  • Hard Inquiry (Hard Pull)

Each one serves a different purpose—and only one can affect your credit score.

🔍 What Is a Soft Credit Pull?

A soft credit pull is a non-intrusive inquiry that doesn’t impact your credit score. It usually occurs when:

  • You check your own credit report
  • A lender does a pre-approval check
  • A credit card issuer sends you a promotional offer
  • An employer runs a background check (with your permission)

Soft pulls are visible to you, but lenders cannot see them. They do not affect your chances of getting a loan.

✅ Main point: Soft inquiries are harmless and don’t affect credit scores.

🧾 What Is a Hard Credit Pull?

A hard credit pull happens when a lender checks your credit report for a financial product application. This typically happens when you:

  • Apply for a mortgage or auto loan
  • Apply for a credit card
  • Apply for a personal loan or line of credit
  • Seek financing through a financial institution

Lenders link hard pulls to borrowing money. They can cause a short drop in your credit score, usually by a few points. Multiple hard inquiries in a short period may signal higher risk to creditors.

If you are looking for rates, such as getting multiple mortgage quotes, do it within 14 to 45 days. Some credit scoring models will treat those inquiries as one. This means they have less impact on your score.

⚠️ Key takeaway: Hard pulls may lower your credit score slightly and are visible to future lenders.

When Should You Worry About a Hard Pull?

One hard inquiry here or there isn’t a significant concern. If you apply for many credit cards or loans in a short time, it may worry lenders. This could lower your credit score.

Use hard inquiries wisely—when you’re seriously shopping for credit, not just curious about offers.

🚀 How Rocketship Financial Uses Credit Pulls

At Rocketship Financial, we believe in transparency and responsible lending.

💬 Great news: Verifying your availability with us involves just a soft credit inquiry.

That means you can explore your options confidently—without impacting your credit score.

If you choose to move forward, we’ll always notify you before running a hard pull as part of your official loan application.

Recap: Soft Pull vs. Hard Pull 

When you’re exploring loan options, it’s important to understand the difference between a soft and hard credit pull. Soft pulls, like those used by Rocketship Financial to check your availability, do not affect your credit score. They are a good way to explore your options without any commitment. Hard pulls, on the other hand, typically happen during official applications and can temporarily lower your score.

The bottom line? You can explore your financial options with Rocketship Financial confidently, knowing it won’t impact your credit.

Take the First Step—Without the Risk

Wondering if you qualify for a personal loan or debt consolidation?

Check in with Rocketship Financial now to see what you qualify for—no credit impact.

🟢 It’s fast, secure, and only a soft credit pull.

🟢 Call us at 800-522-7766 or get started online now.

About Rocketship Financial

From personalized loan options and debt consolidation solutions to transparent support every step of the way, we help thousands of customers accelerate toward their goals—on their terms.

At Rocketship Financial, we believe financial freedom should be accessible, fast, and built around your life. That’s why we provide a seamless online experience, competitive rates, and a commitment to service that puts your needs first.

Looking for a smarter, simpler way to fund your future?

Apply Today

Debt Consolidation: A Smarter Way to Tackle What You Owe

Debt Consolidation

A Smarter Way to Tackle What You Owe

Take charge of your debt with a plan that’s built for clarity, simplicity, and progress.

Dealing with multiple debts can make it difficult to see the big picture. Each loan or credit card may come with its own interest rate, due date, and payment amount—which can be a recipe for stress, missed payments, or simply feeling stuck.

Debt consolidation offers a more streamlined path forward by combining your debts into one monthly payment. Done right, it can reduce financial complexity, lower your interest rates, and help you pay off what you owe more efficiently.

How It Works

At its core, debt consolidation is about replacing several debts with a single new loan or credit line. The idea is to use the new loan—ideally with a lower interest rate or more favorable terms—to pay off your existing balances. Instead of managing multiple accounts, you focus on just one.

Common Ways to Consolidate Debt💡

1. Personal Loans

A popular option for debt consolidation is taking out an unsecured personal loan. With fixed interest rates and predictable monthly payments, this approach can give you both stability and a clear debt-free date.

Benefits:

  • No collateral required
  • Lower interest than credit cards
  • Fixed term and payment amount

Things to note:

  • Origination fees may apply
  • A hard credit check is part of the application process
  • Terms and rates vary based on your creditworthiness
2. Balance Transfer Credit Cards

Some credit cards offer low or 0% introductory rates on balance transfers. Transferring your balances can offer temporary relief from interest charges, giving you a chance to pay down principal faster.

Ideal if:

  • You can qualify for a favorable promo offer
  • You’re confident you can pay off the balance before the promo expires

Keep in mind:

  • Balance transfer fees (typically 3–5%)
  • Regular APR resumes after the promo period
  • Late payments may cancel the promotional rate
3. Home Equity Loans

Homeowners may have the option to leverage their equity through a second mortgage. This method can offer significantly lower interest rates, but it does carry more risk.

Why consider it:

  • Lower interest due to collateral
  • Fixed repayment schedule

Risks involved:

  • Your home is on the line
  • Closing costs and fees may apply
  • Loan approval depends on equity and credit profile

📊 When Consolidation Makes Sense

Debt consolidation can be a smart move when:

  • You want to simplify multiple monthly payments
  • You’re eligible for a lower interest rate
  • You have a consistent income to make regular payments
  • You want a firm end date for your repayment

However, it may not be the right fit if:

  • You’re tempted to rack up new credit card debt post-consolidation
  • Fees outweigh your potential savings
  • A longer term will cost you more in interest over time

🛑 What to Avoid: Debt Relief Pitfalls

Not all solutions marketed as “debt relief” are trustworthy. Some companies may promise to erase your debt or claim access to special government programs—but charge high upfront fees and damage your credit in the process.

Be cautious if a company:

  • Demands payment before services are provided
  • Guarantees debt elimination regardless of your situation

Instead, take time to research thoroughly and choose a debt relief provider with a strong reputation and proven track record.

🚀 The Rocketship Financial Perspective

Consolidating your debt can be the launchpad to a better financial future—if done with the right strategy. At Rocketship Financial, we help you explore debt solutions that align with your income, goals, and peace of mind. Whether you’re considering a personal loan, debt consolidation, or just need clarity, we’re here to help you take the next step with confidence.

-> Get Started Today

Want to see how consolidation can work for you?
Get a personalized look at your options in just minutes—no commitment, no stress.

👉 Explore My Options
About Rocketship Financial

From personalized loan options and debt consolidation solutions to transparent support every step of the way, we help thousands of customers accelerate toward their goals—on their terms.

At Rocketship Financial, we believe financial freedom should be accessible, fast, and built around your life. That’s why we provide a seamless online experience, competitive rates, and a commitment to service that puts your needs first.

Looking for a smarter, simpler way to fund your future?

What Is a Personal Loan?

What Is a Personal Loan?

Everything You Need to Know Before You Apply

Personal Loans

A personal loan is a lump sum of money borrowed from a bank, credit union, online lender, or even a family member. These loans usually come with a fixed interest rate and predictable monthly payments, making them a flexible option for managing a wide range of expenses.

Whether you’re dealing with an unexpected emergency, covering medical costs, consolidating debt, or financing a major purchase, personal loans offer quick access to funds without requiring collateral—especially for those with good credit. But understanding the terms, fees, and types of loans available is essential before applying.

Key Points

  • A personal loan is a flexible type of loan issued by a bank, credit union, or online lender that you pay back in regular, fixed payments over a set term.
  • Personal loans can be used for almost anything. Loan amounts generally range from $1,000 to $50,000, though some lenders offer personal loans up to $100,000 or even more. Repayment terms are usually anywhere from two to seven or 10 years.
  • The interest rate on a personal loan is determined by the lender and is based on a number of factors, including the applicant’s financial history, income, debt, and credit score.
  • Personal loans can be used for various purposes, including debt consolidation, home improvements, wedding costs, and vacations.
  • Before you apply for a personal loan, you’ll want to consider how much money you want to borrow, how much you can afford to pay each month, how long you want to make payments, and whether or not you want to put up collateral.

Personal Loan Terms You Should Know

  • APR (Annual Percentage Rate): The total yearly cost of the loan, including interest and fees, expressed as a percentage.
  • Interest Rate: The percentage charged by a lender for borrowing money, separate from fees.
  • Origination Fee: A one-time fee for processing and issuing the loan.
  • Servicing Fee: A monthly or annual fee charged to manage the loan.
  • Late Payment Fee: A penalty charged when a payment is missed or late.
  • Prepayment Penalty: A fee that some lenders charge if you pay off your loan early.

Types of Personal Loans

  • Online Loans: Unsecured loans available from digital lenders, often with fast approvals and a wide range of terms.
  • Cash Advances: Short-term loans using your credit card balance; typically come with high fees.
  • Payday Loans: Small-dollar loans based on your next paycheck; usually carry high interest and fees.
  • Home Equity Loans: Secured loans that use your home as collateral—often lower interest, but higher risk if you default.
  •  

Fees, Interest, and APR

Most personal loans have APRs ranging from 5% to 36%. Your rate depends on your credit score, income, loan amount, and term.
Before signing a loan agreement, ask for a full breakdown of all costs—including origination, servicing, and late fees. Compare the total cost of the loan (not just the monthly payment) to ensure it fits your budget.

  •  

Questions to Ask Before Choosing an Online Lender

  1. Does the lender ask for payment upfront?
    Legitimate lenders deduct fees from your loan—not before you get it.
  2. Is there a verifiable business address?
    Beware of P.O. boxes or vague locations.
  3. Is a working phone number listed?
    Call and speak to a representative. They should provide clear answers about fees and terms.
  4. Is the email domain professional?
    Avoid lenders using Gmail, Yahoo, or other personal domains.
  5. Is the lender rated by the BBB?
    Check for complaints or unresolved disputes. A reputable lender should be in good standing.

Best Personal Loans for Bad Credit

Even with bad credit, you have options. Some lenders specialize in subprime loans, though they may come with:

  • Higher interest rates
  • Lower loan amounts
  • Shorter repayment periods

If you have a low credit score, consider:

  • A payday loan for very short-term needs (use with caution)
  • A cash advance from a credit card
  • A bad credit online loan with transparent terms
  • Debt consolidation services, which may lower your monthly payments without taking on new debt

Best Personal Loans for Consolidating Debt

If you’re juggling multiple bills with different interest rates and due dates, consolidating with a personal loan can simplify your finances.

Advantages:

  • One predictable monthly payment
  • Lower interest rates than credit cards
  • Faster debt payoff timeline

Tip: Only consolidate if the interest rate on the new loan is lower than your current average rate. Otherwise, you may end up paying more over time.

Final Thoughts

A personal loan can be a smart, flexible way to manage finances—if you choose the right lender and understand your loan terms. Always read the fine print, compare offers, and think long-term about how the loan will affect your budget.

Need help navigating your options? Rocketship Financial partners with trusted providers to help you explore debt solutions and personal loan options tailored to your credit profile. Contact us for a free consultation and take control of your financial future today.

About Rocketship Financial

From personalized loan options and debt consolidation solutions to transparent support every step of the way, we help thousands of customers accelerate toward their goals—on their terms.

At Rocketship Financial, we believe financial freedom should be accessible, fast, and built around your life. That’s why we provide a seamless online experience, competitive rates, and a commitment to service that puts your needs first.

Looking for a smarter, simpler way to fund your future?

Apply Today

Is Debt Consolidation a Good Idea

Is Debt Consolidation a Good Idea?

Here's What You Need to Know

What Is a Debt Consolidation Loan?

Debt consolidation loans are a form of refinancing where you take out a new loan to pay off existing debts. These loans typically come with fixed monthly payments, including principal, interest, and fees. The goal is to reduce the number of monthly bills and, ideally, lower the total interest paid over time.

When Is Debt Consolidation a Good Option?

Debt consolidation can be an excellent tool-but it’s not for everyone. It works best for individuals who:

  • Have a steady income.
  • Maintain a good to excellent credit score
  • Can consistently pay more than the minimum on their current debts

When Debt Consolidation May Not Be Right

Debt consolidation may not be the right fit if:

  • You have a low income and poor credit history
  • Your monthly expenses are already too high
  • You have more debt than you can reasonably repay, even with consolidation

Understanding the Costs of Debt Consolidation

Like any financial product, debt consolidation loans come with costs:

  • Origination fees
  • Annual fees
  • Late payment fees
  • Prepayment penalties

Choosing the Right Financial Goal

🎯 Goal 1: “I want to pay less overall”

  • Choose a shorter repayment term
  • Aim for the lowest interest rate
  • Accept a higher monthly payment to pay off the loan faster

🎯Goal 2: “I want a lower monthly payment”

  • Opt for a longer repayment term
  • Prioritize a lower monthly burden, even if it means paying more interest over time

Pros and Cons of Debt Consolidation

✅  Pros

  • One predictable monthly payment
  • Lower interest rate (if you qualify)
  • Can boost credit score with consistent repayment
  • Flexibility to choose terms that fit your financial needs

❌ Cons

  • Must qualify for favorable loan terms
  • Won’t eliminate your debt-just restructures it
  • May cost more if the loan term is too long
  • Not suitable for those in severe financial distress

Alternatives to Consider

If a traditional consolidation loan isn’t right for you, consider these alternatives:

  • Debt management plans through accredited credit counselors
  • Debt relief or settlement programs if you’re already behind on payments
  • Balance transfer credit cards (for those with excellent credit)

Final Thoughts

Debt consolidation isn’t a one-size-fits-all solution. While it can help many people get a handle on their debt and save on interest, others may benefit more from debt relief, financial counseling, or income-based repayment options.
Before applying, assess your credit, review your financial goals, and weigh the potential benefits and downsides.

About Rocketship Financial

From personalized loan options and debt consolidation solutions to transparent support every step of the way, we help thousands of customers accelerate toward their goals—on their terms.

At Rocketship Financial, we believe financial freedom should be accessible, fast, and built around your life. That’s why we provide a seamless online experience, competitive rates, and a commitment to service that puts your needs first.

Looking for a smarter, simpler way to fund your future?

Apply Today

How It Works Debt Consolidation

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Regain Control of Your Finances Consolidate Debt with Confidence

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How It Works

You’re in control, our debt experts do the work.

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Talk to us for a free consultation

Tell us your situation, then find out your debt relief options – no obligation.

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We create an affordable plan that works for you

Approve your plan, personalized from our suite of products.

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Get out of debt faster than you think

Take back your life in as little as 24-48 months.

Debt We Can Help With

From credit cards to personal loans, we help combine your unsecured debts into one simple monthly payment—making it easier to manage and pay down what you owe.
  • Credit Cards
  • Personal Loans
  • Lines of Credit
  • Medical Bills
  • Collections
  • Repossessions
  • Business Debts
  • Certain Student Debts
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Start Living on Your Terms

We’ve Transformed The Lives Of Thousands Of People

Rocketship went above and beyond my expectations. I called to inquire if I would be able to get a lower interest rate on my personal loan. Rocketship took the time explaining my options. I was treated as though I mattered, and not just a number. I will definitely recommend to everyone I know.
Sonia B.
Sonia B.Houston, TX
Rocketship made consolidating my credit card debt easy and stress-free. As a teacher, I value simplicity, and their step-by-step guidance made all the difference. I'm so glad I reached out—they helped me breathe again financially.
Jose G.
Jose G.Miami, FL
Being a senior with growing medical bills, I needed help simplifying my finances. Rocketship Financial stepped in and made it easy to consolidate everything into a single monthly payment. It’s such a relief to have one clear plan instead of constant confusion. I feel like I have my peace of mind back.
Nancy A.
Nancy A.Boston, MA
Rocketship was incredibly helpful in explaining how the program works. They took the time to answer every question my wife and I had, without making us feel pressured. The entire conversation was focused on helping us understand our debt situation and how to move forward. We're truly looking forward to becoming debt-free.
Jason C.
Jason C.Dallas, TX
As a nurse juggling credit card debt and a student loan from my bank, I felt overwhelmed. Rocketship Financial helped me consolidate everything into one manageable payment. They were clear, supportive, and made the process less intimidating. Thanks to them, I finally feel in control of my finances again!
Rachel S.
Rachel S.Los Angeles, CA

Copyright © 2025 Rocketship Financial Corporation. All phone conversations may be recorded or monitored for training and quality assurance purposes.

Rocketship Financial is not a direct lender, creditor, or debt collector. We work with a network of financial service providers, and may receive compensation through referral partnerships that make it possible for you to explore loan options.

Loan options provided by our lending partners range from $5,000 to $100,000, with Annual Percentage Rates (APRs) from 5.99% to 35.99%, inclusive of interest and fees. Origination fees range from 0% to 5% of the loan amount. Loan terms extend from 4 to 84 months, ensuring no repayment in full is required within 60 days. Final loan terms—including interest rate, repayment period, and approved loan amount—are determined by factors such as your credit profile, income, existing debt obligations, and the specific loan request.

Loan availability may vary by state and there is no assurance that you will be approved for financing.

Representative Example: A personal loan of $17,000 with a 5% origination fee, a 53-month repayment schedule, and an interest rate of 17.00% would result in $16,150 in disbursed funds (after deducting a $850 origination fee). Monthly payments would be approximately $458.48, reflecting a 19.63% APR. Over the life of the loan, interest would total $7,299.44 and the total cost of the loan—including the origination fee—would be $8,149.44, for a total repayment of $24,299.44.

Rocketship Financial is an equal opportunity referral service provider and does not discriminate based on race, color, religion, sex, marital status, national origin, or ancestry.

How It Works Personal Loans

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Low rates. No fees required. Personal Loans made easy online.

Get funds as soon as the same day you sign* with our quick, easy application process.

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How It Works

Easily apply for a personal loan online in 3 steps.

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Talk to us for a free consultation

Find the rate that you qualify for in minutes with no commitment.

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Choose your loan terms

Choose from 2–5-year terms and finish your application online.

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Receive your funds

Sign your documents and funds will be wired to your account.

Personalized loan options that fits your life

Your goals, your timeline, your terms.

  • Travel and Vacation
  • Weddings
  • Credit Card Consolidation
  • Medical Bills
  • Home Improvements
  • IVF Loans
  • Business Loans
  • Certain Student Loans
Apply Now

Start Living on Your Terms

We’ve Transformed The Lives Of Thousands Of People

Rocketship went above and beyond my expectations. I called to inquire if I would be able to get a lower interest rate on my personal loan. Rocketship took the time explaining my options. I was treated as though I mattered, and not just a number. I will definitely recommend to everyone I know.
Sonia B.
Sonia B.Houston, TX
Rocketship made consolidating my credit card debt easy and stress-free. As a teacher, I value simplicity, and their step-by-step guidance made all the difference. I'm so glad I reached out—they helped me breathe again financially.
Jose G.
Jose G.Miami, FL
Being a senior with growing medical bills, I needed help simplifying my finances. Rocketship Financial stepped in and made it easy to consolidate everything into a single monthly payment. It’s such a relief to have one clear plan instead of constant confusion. I feel like I have my peace of mind back.
Nancy A.
Nancy A.Boston, MA
Rocketship was incredibly helpful in explaining how the program works. They took the time to answer every question my wife and I had, without making us feel pressured. The entire conversation was focused on helping us understand our debt situation and how to move forward. We're truly looking forward to becoming debt-free.
Jason C.
Jason C.Dallas, TX
As a nurse juggling credit card debt and a student loan from my bank, I felt overwhelmed. Rocketship Financial helped me consolidate everything into one manageable payment. They were clear, supportive, and made the process less intimidating. Thanks to them, I finally feel in control of my finances again!
Rachel S.
Rachel S.Los Angeles, CA

Copyright © 2025 Rocketship Financial Corporation. All phone conversations may be recorded or monitored for training and quality assurance purposes.

Rocketship Financial is not a direct lender, creditor, or debt collector. We work with a network of financial service providers, and may receive compensation through referral partnerships that make it possible for you to explore loan options.

Loan options provided by our lending partners range from $5,000 to $100,000, with Annual Percentage Rates (APRs) from 5.99% to 35.99%, inclusive of interest and fees. Origination fees range from 0% to 5% of the loan amount. Loan terms extend from 4 to 84 months, ensuring no repayment in full is required within 60 days. Final loan terms—including interest rate, repayment period, and approved loan amount—are determined by factors such as your credit profile, income, existing debt obligations, and the specific loan request.

Loan availability may vary by state and there is no assurance that you will be approved for financing.

Representative Example: A personal loan of $17,000 with a 5% origination fee, a 53-month repayment schedule, and an interest rate of 17.00% would result in $16,150 in disbursed funds (after deducting a $850 origination fee). Monthly payments would be approximately $458.48, reflecting a 19.63% APR. Over the life of the loan, interest would total $7,299.44 and the total cost of the loan—including the origination fee—would be $8,149.44, for a total repayment of $24,299.44.

Rocketship Financial is an equal opportunity referral service provider and does not discriminate based on race, color, religion, sex, marital status, national origin, or ancestry.