You deserve better than a payday loan! OppLoans offers larger personal loans with affordable payments and fair rates. OppLoans is a company devoted to bad credit personal loan solutions that are often presented as a more affordable alternative to payday loans. Ranking favorably among experts and users alike, OppLoans is fast becoming known as one a provider of personal loans for bad credit available online because of the company’s speedy turnaround time and lower interest rates compared to other personal loan options for applicants with poor credit.

OppLoan’s mission is to provide hard working individuals the money they need quickly, safely and with the friendliest service in the industry. See why we rank 5 stars out of 5 on Google and Facebook by our customers. Apply Now and get approved in minutes.

Loan Features

Personal Loans
More affordable personal loans to help build your credit. You deserve a better personal loan. With lower rates and more personal service, OppLoans is your home for safer, more affordable borrowing.

Installment Loan
Installment loans are a type of loan that you repay through regular, scheduled payments. Unlike payday and title loans, they don’t require a single lump-sum payment that many borrowers can’t afford. Installment loans spread out the cost, making them a more affordable alternative for many borrowers.

How does an Installment Loan work?
Installment loans are, essentially, loans designed to be repaid over time. Payment amounts are set beforehand (or fixed) and are due at regular intervals. (If you borrow $1,000, for instance, you might pay $81 every two weeks for just over eight months.)

Bad Credit Loans
A bad credit loan is a type of personal loan offered to borrowers with weak, bad, or no credit. There are many different loans and many different types of financial institutions that offer them—banks, credit unions, and online lenders, among others.

One characteristic of bad credit loans is that they will generally be expensive. This is because lenders charge higher interest rates to borrowers with bad credit than they do to borrowers with good credit. So what is a good credit score and what is a bad one? Generally, a FICO score below 630 is considered bad. To see where you fall, use the table below. If you don’t know your credit score, you may be able to access it through your online bank account or credit card statement

Title Loan
A title loan is a type of loan that you secure with the title to your car. Typically, you receive a few hundred dollars and agree to pay it back in full—along with interest and fees—in two weeks to a month.

Title loans—also known as pink-slip loans—are risky for several reasons. For one, their interest rates are high—300 percent is common. On top of that, you’re usually only given a few weeks to pay everything back.1 The combination of high rates and a short term means that many borrowers get trapped in a cycle of debt. They can’t repay the loan, so they roll it over, racking up extra interest and fees. How often does that happen? A lot. More than eighty percent of loans are rolled over.

Title loans, like payday loans, are considered a form of predatory lending. But what sets them apart is that if you default, your lender can repossess your car and sell it. Is it worth the risk? Definitely not, especially when there are better options.

Payday Loans
A payday loan is a short-term, high interest, fast cash loan marketed as a way to borrow money ASAP. You’re supposed to repay it by the time you get your next paycheck (hence the name “payday loan”).

In theory, it’s the kind of loan you’d take out when your car gets that flat tire or your kid’s asthma prescription needs to be filled. But in reality, it’s a much different (and more dangerous) story.

No Credit Check Loans
If you have weak credit (typically a FICO score of 620 or below), it can be difficult for you to get a loan from a bank or even from most online lenders. A no-credit-check loan from a direct lender can then be very attractive.

But you need to take several things into account before making that final decision. Spend a little time doing research, and you’ll be much better off in the long run. Avoid predatory loans from payday and title lenders at all costs. If you don’t, you may go from “no credit” to “no paycheck” or, even worse, “no car.”

Application Process

Confirm that you’re a resident in one of the states OppLoans services. Then click the Go to Site button on this page to be directed to OppLoans’s application form.

Eligibility criteria:

Receive direct deposit into a valid bank account.
Meet the minimum income requirement, which varies by state from $1,300/month to $3,600/month.
Live in one of the following states: Alabama, Alaska, Arizona, California, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Michigan, Mississippi, Missouri, Nevada, New Mexico, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Utah, Virginia or Wisconsin.
Are at least 18 years old and a permanent resident of the US with an SSN.

Required information:
Your contact details, including your name, address, email and phone number
Your bank account details
Your income and employment details

Repayment Terms

Interest rate: 24–199% APR
Principal amounts: $1,000-$10,000
Time to approve: within minutes
Time to receive funds: next business day
Loan terms: 6–36 months

Customer Support

130 E Randolph St, Suite 3400
Chicago, Illinois

+1 855-408-5000

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