OppLoans is a website that offers a wide variety of personal loans. The company specializes in lending to people with bad credit. It does not require credit checks, and has a simple application process. However, the company’s products are pricey and come with high interest rates. These loans can be useful for medical bills, house repairs, and other emergencies.
OppLoans requires no credit check, and allows applicants to apply for loans from $500 to $4,000. They do not require a minimum FICO score. You must have a valid email address and a bank account to complete the online application. Once you have submitted the form, you will be notified in 24 hours if you are approved or denied. In some cases, you may receive funding the same day.
OppLoans does not charge origination fees, late fees, or prepayment penalties. While the interest rate is quite high, there is no early settlement reduction fee. Moreover, customers can monitor their cash flow and upcoming payments via the OppLoans website. Applicants also have the option of setting up automatic payments. If you have problems paying the loan, you can contact the OppLoans Advocate.
OppLoans has a reputation for being a legitimate lender. It is accredited by the Better Business Bureau, and has an A+ rating. Their customer service team is available during business hours from 7 am to 11 pm, Monday through Friday.
OppLoans uses data from Clarity Services and Experian to determine an applicant’s creditworthiness. This allows them to offer loans to individuals who have bad credit, and to give them a better chance of repaying their loans. However, this does not mean that the company will not deny you a loan. To be certain, you should always do your research.
One of the biggest issues with OppLoans is that the interest rates are high. Depending on your income and credit history, you can get an OppLoans loan between 59% and 199%. Because of this, you must be sure you will be able to make your repayments. Otherwise, you will wind up in default.
OppLoans has 108 customer complaints on their website, but the company is very good at dealing with customers. They offer a free financial education program that can help you improve your credit score. Also, they allow you to refinance your loan, if you can at least put $400 of your loan balance down.
Despite their high interest rates, OppLoans is worth considering if you have bad credit. However, you should be aware of the cost and understand how to make payments. By making your payments on time, you can build up your credit.
OppLoans is a popular company with many people. Although it comes with high interest rates, you can still get funding, and the company has a positive reputation. Before applying, however, you should do your research to make sure you are a good candidate.
OppLoans is primarily positioned as a safer alternative to payday loans. Whether you are looking for a loan to pay for home repairs, travel expenses, or a wedding, you can use their site to find the best offer.