Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure

Transform Credit personal loans review

Fast funding even with poor credit — but you’ll need a cosigner.

  • Best for borrowers with poor or no credit who have a cosigner.
  • Pick something else if you live outside of Georgia or Utah.
1.0 ★★★★★ (3 reviews) Write a review


Min. Loan Amount$3,100
Max. Loan Amount$7,000
APRUp to 35.99%
Interest Rate TypeFixed
Loan Term3 to 5 years
Turnaround Time1 business day

What do I need to qualify?

You need to meet the following requirements at a minimum to qualify for a personal loan through Transform Credit:

  • At least 18 years old
  • Not filing for or in an open bankruptcy case
  • Must show you can make the monthly payments

Transform Credit also requires your cosigner to meet the following criteria:

  • At least 18 years old
  • Homeowners must have a credit score of at least 600
  • Non-homeowners must have a credit score of at least 700
  • Must show they can make the monthly payments and agree to them if you can’t
  • Doesn't share a bank account or credit card with you

What information do I need to apply?

As the borrower, you need to provide your:

  • Full name and address
  • Phone number and email address
  • Date of birth 
  • Social Security number 
  • Cosigner's contact information

From a link sent to your cosigner via text or email, your cosigner must provide their:

  • Social Security number
  • Bank account details
  • Debit card information
  • Consent for Transform Credit to access their bank account


  • Apply with no or poor credit
  • Funding based on the strength of your cosigner's credit
  • Short online application for borrowers
  • Funding in as little as 24 hours


  • High maximum APR of 35.99%Only available in Georgia and Utah
  • Money is paid to the cosigner's account, not the borrower's
  • Third-party servicer DirectID handles loan repayments

How much will this loan cost me?

Transform Credit doesn't charge any fees. However, interest rates are high — up to 35.99%. And if you fail to make your loan payments on time, your cosigner will be on the hook for them.

Use our monthly payment calculator below to see how different loan amounts, rates and terms will affect how much you pay each month.

Monthly repayments calculator

Fill out the form and click on “Calculate” to see your estimated monthly payment.

Your loan
Loan amount
Loan terms (in years)
Interest rate

Fill out the form and click on “Calculate” to see your
estimated monthly payment.


Compare personal loans

You can expect to pay back


per month

Based on your loan terms
Total Cost$

How does it work?

You'll first have to fill out an application on Transform Credit's website. After that, a link to the application is sent to your cosigner, who will need to provide their Social Security number and debit card details. They also need to log in to their online bank account to let Transform Credit access their account statements. 

There's no minimum credit score for you to apply since all loans are based on the credit history of your cosigner. If your cosigner only has a fair credit score, you'll likely get stuck with a higher interest rate. But if they have excellent credit, you’ll likely qualify for a much lower rate.

See other personal loan options

1 – 5 of 5

Name Product Filter Values APR Min. Credit Score Loan Amount
Best Egg personal loans
7.99% to 35.99%
$2,000 to $50,000
A prime online lending platform with multiple repayment methods.
Credible personal loans
3.99% to 35.99%
Fair to excellent credit
$600 to $100,000
Get personalized rates in minutes and then choose an offer from a selection of top online lenders.
Upstart personal loans
5.6% to 35.99%
$1,000 to $50,000
This service looks beyond your credit score to get you a competitive-rate personal loan.
SoFi personal loans
7.99% to 23.43%
$5,000 to $100,000
A highly-rated lender with competitive rates, high loan amounts and no fees.
LendingClub personal loans
6.34% to 35.89%
$1,000 to $40,000
A peer-to-peer lender offering fair rates based on your credit score.

Compare up to 4 providers

Is Transform Credit legit?

Yes, Transform Credit is a legit lender. When you apply for a loan, it provides you with a notice describing its privacy policies and how it uses your information. It also uses encryption to protect any information you and your cosigner submit during the online application.

Transform Credit reviews and complaints

BBB accreditedNo
BBB ratingB
BBB customer reviews1.06 out of 5 stars, based on 64 customer reviews
BBB customer complaints88
Trustpilot score4.2 out of 5 stars, based on 293 customer reviews
Customer reviews verified as of11 July 2022

Transform Credit receives only a few mixed reviews as of July 2022. While several customers praise the lender’s customer service team, others report issues with their payments being debited from their cosigner’s account rather than their own and long wait times.

Given its small service footprint, it makes sense that Transform Credit doesn't have as many customer reviews as larger lenders. Because there are so few reviews, you may want to weigh other factors more heavily when comparing it.

How do I apply?

Transform Credit has a short online application for borrowers. To apply, follow these steps:

  1. Go to the Transform Credit website.
  2. Select the amount you want to borrow, your term and choose Apply now.
  3. Fill in your contact details, including your full name, address, phone number, email address, date of birth and Social Security number. Hit Get my loan.
  4. Sign the loan agreement and provide your bank account information.
  5. Provide your cosigner's contact information.

Transform Credit sends the application directly to your cosigner via a link in a text or email. Your cosigner will need to log in to their online banking account and allow Transform Credit to access their bank statements.

What happens after I apply?

Transform Credit will let you know how much you qualify for after it confirms your cosigner’s information and credit score. If approved, Transform Credit will deposit your funds into your cosigner’s bank account in as little as one business day.

How do repayments work with Transform Credit?

Monthly payments will be outlined in your loan agreement. If Transform Credit doesn't receive your payment on the due date, it collects the payment from your cosigner. If you don’t think you'll be able to pay, contact customer service right away to discuss your options.

Not sure about Transform Credit? Check outother companies offering personal loans for bad credit.

Frequently asked questions

Why is the money paid out to my cosigner rather than me?

Your cosigner gets the money to ensure they know about the loan. Your cosigner can transfer the funds to you in any way you'd like immediately after receiving them.

What if my cosigner has another Transform Credit loan they've cosigned?

You won't be able to use them as a cosigner if the other loan is still open. To qualify, your cosigner must not already have an open loan with Transform Credit — as a borrower or cosigner.


Review by

Kathryn Pomroy was a writer for Finder, specializing in loans. She has written for dozens of major publications, small businesses and many well-known personal finance companies, including LendingTree, Money Crashers, Quickbooks/Intuit, BankRate, LendEDU and more. Kathryn holds a BA in Journalism and drinks super bold coffee while eating peanut butter and honey toast.

Expert review

As long as you have an eligible cosigner, you can potentially qualify for a personal loan with Transform Credit — even if you have poor or no credit. Loan amounts are capped at $7,000, which is relatively low compared to other lenders out there. While it doesn’t charge any fees, interest rates can also run high — with a maximum APR of 35.99%.

Having no or poor credit usually means getting stuck with short-term loan options, but Transform Credit provides terms up to five years. However, even with a cosigner, all loans are subject to credit history and underwriting approval. And it only works with borrowers who live in Georgia or Utah.

Outside of Transform Credit’s footprint or not sure it’s for you? Check out these loans from other reputable providers.

Ask an expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.
Go to site