Hello, first time posting, have been reading and learning for months. Many thanks to all, especially Saul for starting the board. I wish I would have known about it years ago.
I have tried Upstart myself on a few occasions and get very different results than those who have posted here. For instance, I decided to try the auto refinance option today and my offers ranged from 20.97% - 26.11% for $50k. I seriously don’t get it. I have a FICO over 800, have been in a government position for over 20 years, master’s degree, have a nice nest egg and have an auto loan from 18 months ago at 1.9%.
Perhaps it is user error, but I have tried experimenting with both the personal loan and auto refinance. Both have returned rates that are far worse than what I can get on a credit card.
Another interesting thing was the Google result when I searched for “Upstart auto refinance” and there were three Google ads (motorefi.com, applefcu.com, vacu.org) that were shown before Upstart. I suppose Upstart isn’t paying almighty Google to be listed first.
Lastly, one of the topics that has popped up in office conversation has been the need to regulate “surveillance capitalism.” Obviously not something that is high on the current agenda, but the testimony of Frances Haugen, the Facebook whistleblower, will reinforce the idea that intrusive collection of user data is dangerous. Again, a long way off, but something that could impact companies that depend on that data (UPST, LSPD, etc).
That said, I am long UPST.
Thanks again for the outstanding crowdsourcing of information.