OppLoans - Summary
OppLoans provides personal loans as an alternative to payday loans. Funds from approved loans can be deposited in the borrower’s account within as little as one business day. Compared to payday loans, OppLoans offers longer terms, lower APRs, and higher loan amounts.
Additionally, OppLoans specializes in providing personalized loan service. The personal loans offered are designed to help consumers who want to build or rebuild their credit. Instead of paying back a loan in one lump sum, which is usually the case with payday loans or cash advances, OppLoans offers personal installment loans. This means that loans are repaid in regular monthly payments.
Who Can Get a Loan From OppLoans?
OppLoans does not provide online information regarding eligibility requirements for loan products. It should be noted that any examples of rates and terms are examples only, and therefore, they are not representative of the rates and/or terms that a consumer may be offered.
How to Apply
Applications are handled online, and the company does state that applying for a loan will not harm a consumer’s credit score. In order to apply for a loan, consumes will need to enter information about themselves, their work, and their finances. The online application can be completed in just a few minutes, with applicants typically receiving a loan response quickly.
OppLoans has more than 25,000 customers. Based in Chicago, OppLoans offers installment loans in the following states:
- Alabama
- California
- Delaware
- District of Columbia
- Georgia
- Hawaii
- Idaho
- Illinois
- Mississippi
- Missouri
- New Mexico
- North Dakota
- Ohio
- South Carolina
- South Dakota
- Texas
- Utah
- Washington
- Wisconsin
In addition, OppLoans offers a line of credit product in Kansas, Maryland, Tennessee, and Virginia, and has an A+ rating with the Better Business Bureau.
By reading OppLoans reviews, consumers will gain a better idea as to what to expect from loans originated by OppLoans in order to determine if this particular lending solution is right for their needs.
Opploans helped me in my difficult times.. Im very happy about their great customer service
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Excellent customer service and Opploan has very fast and easy service. Little bit high rates tho..
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Terrible! Mislead just want your info but give no out come even if or when you call.
Redirected to Opp loan by lending tree for fair to bad credit but not true. Obvious only perfect credit if they wont even give an out come. Waste of time by both lending tree and Opp loans unless you just want to give away your info.
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I’m sorry that you had such a horrible experience I’m not sure what the problem was my credit score is only 530 and was approved for a $2,600 loan and it was deposited less than 12 hours later as long as you have a bank account that they’re able to verify that you use frequently you should be able to get approved I would try again if I were you cuz like I said it was super easy to get approved
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No real explanation from customer service .I was mislead thinking it will build my credit score which is not bad. i get the risk the company takes to give out their money but paying to the company over double the amount you take is unfair to the customers in the name of fees and some undercover fees taken before the money is disbursed to you. Cont to take money from my account even when the pay off date was past because direct pay biweekly . Though the person i spoke to told me that he was not allowed to disclose his last name, he promised to credit my account .Turns out that he was the only one who took a little time to explain after multiple calls to ooploans. What if i did not bring it to their attention . I called it a loan and they called it now a line of credit. No body was able to give me the APR. How fees where calculated. Very unfair.
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I read that it will cost me 598 dollars up front .thats on top of the 626 dollars for interest on a 800 dollar loan. damn glad I read the whole thing
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I actually liked Opps Loans initially. They were easy to work with and very easy to get approved . But my main reason for choosing them was Credit Karma said they could help get my credit score up and after getting a 700 dollar loan and paying tons in interest (which I was willing to go to get my credit score up) , I pulled all three credit bureaus only to discover they were not listed on any of them. When I called to voice my shock and concern, I was only told “Oh, we report all credit bureaus but in Texas” What!? This was my main reason for opening this loan. The customer service rep was non-apologetic and not helpful at all. I got on the system and scheduled my next payment to be my last. I feel they are very misleading and full of falsehoods.
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I was willing to try OppLoans to help build my credit. I found the process to be difficult from the start. Now reading the reviews I’m glad I did not go through with the entire process.
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Very disappointed i had to put in info multiple times just to get denied thanks allot opploans
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This morning I was completely frantic after finding out that we were being garnished and we didn’t have our rent I was already days late just waiting for payday and today would have been getting a 72-hour notice. Desperate as hell and started looking for loans I applied for a loan through opploans around 10 a.m. and by 10 p.m. I had $2,600 deposited into my bank account. Everything was pretty easy and self-explanatory the only problem I had at all was in a couple places I had to enter my info more than once as there seemed to be some kind of a glitch they confirmed my bank information to make sure they could set up direct payments and after that within a couple hours I was approved. Of course like anything else that doesn’t go based on your credit the interest rate is absolutely crazy but when you’re in a situation and you really need it Beggars can’t be choosers in at least you don’t have to pay it all at once the only other thing I see people complaining about is the fact that this doesn’t go to help build your credit that’s self-explanatory if they don’t even check your credit to give you the loan why would you expect it to go on your credit to pay back the loan it’s just the way that it goes you got to read the small print because I can’t tell you how many times that seemed quite obvious to me during the process. Overall customer service was great the one time I had to talk to them and the process was painless and fast I’m so thankful for this place in the loan that I was able to get to catch my family up I only asked for $1,000 and like I said was approved for 2600 so as long as you have a verifiable bank account and job I don’t see any reason for you to be denied good luck
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terrible false advertising in the letters
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I applied , was told they needed additional information. Then told it was sent to the underwriters. 3 weeks later I’ve still heard nothing. Is this a scam business ? It sure seems that way
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Not a good company to take a loan from. Extremely high interest rate. The customer service representatives are uneducated and rude.
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Initially they were fine except for high fees…now, I needed the money to help me with a bill considering I’ve never been late they denied me twice for refinance! I will be paying them off and not use them again!
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I applied with this company thinking I can get approved for a small loan. I put my information in twice because it kept saying error with banking information. They didn’t not approved me. I hate I gave them my personal information. I think they are a scam company.
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