OppLoans

OppLoans is a direct lender based out of Chicago that offers small, short-term online personal loans and lines of credit to consumers with poor credit.

Since 2009, OppLoans has provided short-term personal loans to consumers with bad credit. Their experienced, online Chicago-based service provides loans directly through their website instead of through a loan marketplace

These small personal loans are offered in 37 states and applying will not affect your credit score.

OppLoans also offers lines of credit in some states (at the moment only in Kansas, Tennessee, and Virginia).

At a minimum to apply for a loan with Opploans, you should meet the following criteria:

• Be at least 18 years of age or meet the state's minimum age requirement, whichever is higher
• Be a US citizen or permanent resident
• Have an active and valid checking account
• Have a steady income via direct deposit
• Have a valid Social Security number
• Meet your state's minimum income requirement (which can range from $1,500 - $3,500 a month)
• Reside in one of the following states: Alabama, Alaska, Arizona, California, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Kansas, Kentucky, Michigan, Minnesota, Mississippi, Missouri, Montana Nebraska, Nevada, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, South Carolina, South Dakota Tennessee, Texas, Utah, Virginia, Wisconsin, Washington or Wyoming
• States that offer direct installment loans include: Alabama, California, Delaware, Georgia, Idaho, Illinois, Mississippi, Missouri, Nevada, New Mexico, Ohio, South Carolina, Texas, Utah, Wisconsin
• States that offer lines of credit include: Kansas, Tennessee, Virginia
• States with loans originated and funded by FinWise Bank include: Alaska, Arizona, Florida, Indiana, Kentucky, Michigan, Minnesota, Nebraska, Oklahoma, Oregon, Wyoming
• Opploans currently does not have a product for active military

Your application will ask you to provide the following documentation:

• Your contact information such as your name, address, email, and phone number
• Your bank account information
• Your income and employment information
• Recent pay stubs and proof of income

Opploans is more focused on your ability to repay rather than a traditional FICO score. However, they do report payment history to the 3 major credit bureaus

Typically an applicant is approved or denied in one business day. Pre-qualified applicants are still subject to verification guidelines.

Once approved and the applicant has signed the agreement, they will receive the funds in 1-2 business days via ACH.

Contact OppLoans:

Phone: 800-990-9130 Email: [email protected] Address: 130 E Randolph St, Suite 3400 Chicago, IL 60601