[{"@context":"https:\/\/schema.org\/","@type":"Article","@id":"https:\/\/moneydoneright.com\/fast-money\/personal-loans\/opploans-review\/#Article","mainEntityOfPage":"https:\/\/moneydoneright.com\/fast-money\/personal-loans\/opploans-review\/","headline":"OppLoans Review 2025: A Soft-Pull Loan Option for Poor-Credit Borrowers","name":"OppLoans Review 2025: A Soft-Pull Loan Option for Poor-Credit Borrowers","description":"OppLoans Best For: People looking for quick, no-fuss loan options. Pros: You won\u2019t have...","datePublished":"2019-01-03","dateModified":"2025-05-09","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/shannon-serpette\/#Person","name":"Shannon Serpette","url":"https:\/\/moneydoneright.com\/author\/shannon-serpette\/","identifier":63,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/e8497bb70d7dace1eacc262ce2d9add2d2ea01626758283a5a9529a519b0862b?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/e8497bb70d7dace1eacc262ce2d9add2d2ea01626758283a5a9529a519b0862b?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/opploans-review.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/opploans-review.jpg","height":460,"width":1900},"url":"https:\/\/moneydoneright.com\/fast-money\/personal-loans\/opploans-review\/","about":["Personal Loans"],"wordCount":2491,"articleBody":"\t    \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tOppLoans\t\t\t\tBest For: People looking for quick, no-fuss loan options.Pros: You won\u2019t have to jump through many hoops to get this loan. The online process is simple to comprehend and quick to complete. Anyone is capable of landing a loan through this lender, even those with bad credit. Cons: The biggest con is the APR. It\u2019s astronomical in some cases. The repayment term is short, and you can\u2019t get a very big loan. \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tAPR (Details)\t\t\t\t\t\t\t\t\t\t2\/10\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tFees (Details)\t\t\t\t\t\t\t\t\t\t4\/10\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tTransparency (Details)\t\t\t\t\t\t\t\t\t\t5\/10\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tFlexibility (Details)\t\t\t\t\t\t\t\t\t\t7\/10\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tFunding Speed (Details)\t\t\t\t\t\t\t\t\t\t10\/10\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tAccessibility (Details)\t\t\t\t\t\t\t\t\t\t8\/10\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tAPR59% - 160%MINIMUM CREDITApply with any credit score.TERMS9 to 18  monthsORIGINATION FEEDepends upon the state\t\t\t\tOur Review Methodology        We may receive a commission if you sign up or purchase through links on this page.  Here's more information.    You\u2019re hesitant to take out a payday loan because it\u2019s a notoriously bad financial choice that can lead to a circle of never-ending debt. You just need some help to clear the latest hurdle in your financial life — you don\u2019t want to put your future in jeopardy.But your credit is so bad you don\u2019t have many other choices. You feel your back is up against the wall.Before turning to your worst-case alternative, you may want to check out OppLoans. This OppLoans review will help you determine if OppLoans might be worthy of your consideration.Table of ContentsToggleOppLoans OverviewOppLoans DetailsHow to Apply at OppLoansOppLoans Consumer ReviewsOppLoans Pros and ConsOppLoans Frequently Asked QuestionsAlternatives to OppLoansOppLoans OverviewWhat Is OppLoans?OppLoans is a direct lender that can give you a more favorable APR than a payday lender will. That doesn\u2019t mean that its rates are good — just that it can be better than payday loans, which honestly isn\u2019t hard to do. But OppLoans will still have higher APRs than some other lenders would give you.Even though its rates aren\u2019t ideal, they may be one of the few lenders out there willing to give you a loan if your credit is truly terrible.OppLoans HighlightsMore than 300,000 borrowers have turned to OppLoans when they needed money. If you\u2019re considering this company, think about how much money you\u2019ll need to borrow.If your needs are on the small side, up to $4,000, OppLoans can help you out.But if you need more money than that, you\u2019ll need to look elsewhere. OppLoans is for those who are looking for smaller loans.OppLoans DetailsYou\u2019ll need the full details at your disposal in order to make an informed decision. Let\u2019s put this company under the microscope and see how it holds up.APRWhen people truly need money, they\u2019ll usually pay whatever APRs they have to in order to get what they need for the obstacle they\u2019re facing in their life. Those lenders bank on that — they know if you\u2019re desperate, you\u2019ll feel you have no choice but to pay high APRs.OppLoans charges APRs that range from 59 – 160%. That\u2019s a terribly high rate to pay unless you absolutely feel you must.If you\u2019re hurting for money, you might want to try to go with another company first — one that offers a more favorable APR.But if your credit is so poor, you think you won\u2019t qualify, OppLoans is still better than a payday lender. With payday lenders, you might face an APR that\u2019s two or even three times as much as you might pay with OppLoans.FeesIt\u2019s completely unclear as to what type of fees you\u2019ll have to pay or how much they might amount to if you go through OppLoans.You may have to pay origination or late payment fees, depending upon which state you live in. You won\u2019t know until you receive a proposed contract. You\u2019ll be flying blind until then.TransparencyYou\u2019ll have to unleash your inner Sherlock Holmes and do some investigative work if you hope to find the information you\u2019ll need on this site.It\u2019s hard to find a lot of the information — you won\u2019t get a broad list of fees and APRs that might apply to your personal loan. You\u2019ll have to look at your particular state to get some sense of what you might be in for.If OppLoans were a lending platform that worked with many different lenders, it\u2019s lack of accessible information would be easier to fathom. But since it\u2019s a direct lender, it should do a better job of highlighting its terms and information for its borrowers.FlexibilityIf you want to contact OppLoans, they make it easy for you to do so. They list their contact information on their website.You can call them on the phone seven days a week, email them, or write to them. Applying does not affect your FICO credit score. What help you might get from them if you\u2019re unable to make a payment on your loan isn\u2019t as well defined by OppLoans though. If you can\u2019t make a payment, they advise you to call them.While they don\u2019t specifically say if they offer forbearances, some of the recent reviews on the Better Business Bureau site mention the company was willing to work with their borrowers when they couldn\u2019t make payments.Funding SpeedIf you\u2019ve applied somewhere between Monday and Thursday during any given week, you should receive money the next day. If you\u2019ve applied on a Friday, you should receive it on Monday, which would be the next business day.It\u2019s a speedy process, which can be a great relief for those who are in serious need of quick cash.AccessibilityWhile it\u2019s true that anyone with a poor credit rating can qualify for a small loan through OppLoans, it\u2019s accessibility isn\u2019t perfect. That\u2019s because it isn\u2019t available for residents of every state.To be eligible, you must:Live in any U.S. state EXCEPT: IL, PA, CO, CT, MD, MA, ME, NH, NM, WV, IA, VT, NY, NJ, SD, DC, and HI.Be 18 years old or older. In Nebraska and Alabama, you must be at least 19.Have a steady source of income. You need an employment history of a minimum of three months with your current employer.Use a direct deposit at work.Have a bank account for a minimum of 90 days.Not be a currently covered borrower according to the Military Lending Act.\t\t\tOppLoans may give you a personal loan when you most need it, even if you\u2019ve been denied elsewhere. Just beware that you\u2019ll likely pay triple-digit APRs.2.5\/5 Rating\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t.st3-33016.btn.btn-default:hover{border-color: #4db848;color: #4db848;background: #fff !important;}\t\t\t\t\tGet StartedWe earn a commission on this offer.\t\t\tHow to Apply at OppLoansGetting a loan doesn\u2019t have to be difficult. Here\u2019s how you\u2019ll go about snagging a loan with OppLoans.Step 1: Look Up Your State on OppLoansOppLoans isn\u2019t a country-wide option. You have to live in one of the states they service.Double-check that they offer a loan to your state so you aren\u2019t wasting your time filling out a form for a loan you won\u2019t qualify for.Step 2: Fill Out Information Online and Create an AccountYou\u2019ll be asked to fill out the same basic material you would on any other lending site, including your name, address, location, birth date, Social Security number, and a phone number.Even if you aren\u2019t sure you\u2019ll go ahead with a loan if you\u2019re offered one, you\u2019ll still have to create an account. Be sure to write the password somewhere so you aren\u2019t banging your head against a wall later trying to remember it.Step 3: Watch Your EmailIf OppLoans decides to grant you a loan, you\u2019ll be sent an email stating that. So, you\u2019ll want to keep an eye on your email account so you don\u2019t miss the notification.Once you receive it, you\u2019ll have to agree to the loan if you want to go ahead with it.Step 4: Keep an Eye on Your Bank AccountYou should see a boost in your bank account balance on the first business day after you agree to the terms of the OppLoans contract.OppLoans Consumer ReviewsYou don\u2019t have a crystal ball to see what your experience might be like if you proceed with an OppLoans loan. The closest thing you have to that is seeing what others thought about their experience with the company.Better Business BureauThe rating and reviews OppLoans gets on Better Business Bureau\u2019s website are outstanding. That should lead to a greater level of confidence when it comes to doing business with them.The BBB rating for this company is an A+. And it gets nearly five out of five stars, based on a whopping 1,172 customer reviews, some of which are recent.Melba S., one customer who has had three loans with OppLoans, had this to say: \u201cI have been dealing with them for a few years and every time they greet me with excellent customer care. The loan is approved within 30 minutes and the money is in my account the next business day.\u201dIn light of the recent COVID-19 virus circulating around the world, OppLoans seems to be helping its customers who can\u2019t make payments. Quinn K. left a review on March 19, 2020, that discusses how the company assisted her.\u201cThey helped me through the rough time of the COVID-19 outbreak. I got let go from my job and they were very understanding and were able to come up with a resolution for paying back my current loan.\u201dOne dissatisfied would-be customer was Ally, who left this review: \u201cSpoke with someone on the phone and also read eligibility info online. I was told I would easily qualify because I met every single requirement, however I was instantly denied.\u201dUser ReviewsIf you want to check out user reviews from a different site, OppLoans also has 83 reviews on Trustpilot. It scores an average of approximately 4.5 stars out of 5, which is considered an excellent rating.Thomas Ilconich left a recent review, saying, \u201cGreat service and help. Fast approval and fast deposit.\u201dEdwards left this review: \u201cOppLoans worked with me when no one wanted to work with me. The interest rate was crazy high but this is a emergency so to just be able to be approved was a blessing.\u201dJodie Schaalman left one of the few negative reviews, saying: \u201cIn the beginning everything was fine but suddenly for no reason I was deemed as a bad customer I guess even though I had never made a late payment. I was refinanced several times with no problem paying an interest rate of nearly 200% APR and had a loan for almost 2 years. I was denied a refinance when I needed it the most.\u201dThe few negative reviews were primarily about the fees and being denied for a loan.\t\t.st2-33021.btn.btn-default:hover{border-color: #4db848;color: #4db848;background: #fff !important;}\t\t\t\tGet StartedWe earn a commission on this offer.\t\t\tAPR59 - 160%Maximum LoanUp to $5,000, depending upon which state you reside in.Minimum CreditThey take all types of credit scores. \t\tOppLoans Pros and ConsWant to know what the best things about doing business with OppLoans are? Want to know the worst aspects of getting a loan from them? We\u2019ll give you the scoop.OppLoans ProsFast: When you need money quickly, they can get it to you within a day.Not as selective: If you\u2019re been denied by other lenders, OppLoans might greenlight you for a loan.\u00a0Great customer service: Many reviewers cited the outstanding customer service they received from OppLoans.Soft pull: If you don\u2019t want to impact your already bad credit, the fact OppLoans only does soft pulls is good news.\u00a0OppLoans ConsHigh APRs: There\u2019s no way to sugarcoat it — these APRs are extremely high. It\u2019s the single biggest con.Can\u2019t get a big loan: If you only need something small to tide you over, this will work. But if you need tens of thousands, it won\u2019t. Short repayment phase: If you want to be out of debt, the short repayment phase is a pro, not a con. But if you struggle to pay it off in time and they won\u2019t let you extend, it\u2019s a problem.OppLoans Frequently Asked Questions.accordion-list .accordion-title:hover{color: #4db848;}How do I know how much I can borrow?Your best bet is to visit OppLoans to see what they list for your particular state. It may be up to $5,000 in some cases, as with Delaware. But if you live in Illinois, for instance, you can\u2019t borrow more than $4,000.How much you can borrow and the APR max you\u2019ll receive varies depending upon which state you reside in. If I receive notification that I was pre-approved, does that mean I was awarded a loan?No. Although it may be confusing, it just means you might be approved. They\u2019ll still need to check your credit history, personal details, and more to make the final decision. Can I apply through a telephone call instead of filling out an online form if I\u2019m hesitant to send out my personal information?No, OppLoans won\u2019t accept loan requests through a phone call. It must be online. What can I do if I have trouble making a payment in light of the economic unrest caused by COVID-19 right now?You should call OppLoans at 855-408-5000 to try to work out a solution.Will my loan be reported so I can improve my credit score?Yes, OppLoans does report its loans to the credit bureaus. That means you may be able to improve your score if you handle your loan correctly by making on-time payments. Alternatives to OppLoans.btn.btn-blue.dift:hover, .btn.btn-default.dift:hover {color: #4db848;border-color: #4db848;background: #fff !important;}\t\t\t OppLoansBadCreditLoans.comCashUSAPersonalLoans.com \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tPros and Cons\t\t\t\t\t\t\t\t\t\tApply Now\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tRead Review\t\t\t\t\t\t\t\t\t\tApply Now\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tRead Review\t\t\t\t\t\t\t\t\t\tApply Now\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tRead Review\t\t\t\t\t\t\t\t\t\tApply Now\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tBestFor\t\t\t\t\t\t\tSpeedy loans for those who have been denied elsewhere\t\t\t\t\t\t\t\t\t\t\t\t\tFast loans for those who have bad credit\t\t\t\t\t\t\t\t\t\t\t\t\tLonger payment terms at fairly decent APRs\t\t\t\t\t\t\t\t\t\t\t\t\tBad credit loans at more competitive APRs\t\t\t\t\t\tLoanAmounts\t\t\t\t\t\t\t $500 to $5000, on a state-by-state basis\t\t\t\t\t\t\t\t\t\t\t\t\t $500 to $10,000\t\t\t\t\t\t\t\t\t\t\t\t\t$500 to $10,000\t\t\t\t\t\t\t\t\t\t\t\t\t$1,000 to $35,000\t\t\t\t\t\tAPR\t\t\t\t\t\t\t59 - 160%\t\t\t\t\t\t\t\t\t\t\t\t\t5.99 - 35.99%\t\t\t\t\t\t\t\t\t\t\t\t\t5.99 - 35.99%\t\t\t\t\t\t\t\t\t\t\t\t\t5.99 - 35.99%\t\t\t\t\t\tMinimumCredit\t\t\t\t\t\t\tApply no matter what your credit score is \t\t\t\t\t\t\t\t\t\t\t\t\tConsiders any credit score\t\t\t\t\t\t\t\t\t\t\t\t\tAll credit types are considered\t\t\t\t\t\t\t\t\t\t\t\t\t580\t\t\t\t\t\tTerms\t\t\t\t\t\t\t9 to 18 months\t\t\t\t\t\t\t\t\t\t\t\t\t3 to 36 months\t\t\t\t\t\t\t\t\t\t\t\t\t90 days to 72 months\t\t\t\t\t\t\t\t\t\t\t\t\t90 days to 72 months\t\t\t\t\t\tOrigination Fee\t\t\t\t\t\t\tDepends upon which state you are in\t\t\t\t\t\t\t\t\t\t\t\t\tDecided by each lender -- check the contract offer\t\t\t\t\t\t\t\t\t\t\t\t\tWill be decided by each lender\t\t\t\t\t\t\t\t\t\t\t\t\tDepends on the individual lender terms\t\t\t\t\t\tFundingSpeed\t\t\t\t\t\t\tCould be the next business day\t\t\t\t\t\t\t\t\t\t\t\t\tMay receive the next business day\t\t\t\t\t\t\t\t\t\t\t\t\tCan be in one day\t\t\t\t\t\t\t\t\t\t\t\t\tPotentially in one business day\t\t\t\t\t\tCreditCheck\t\t\t\t\t\t\tSoft; does not affect your FICO credit score.\t\t\t\t\t\t\t\t\t\t\t\t\tSoft for their site, but may be hard through their affiliated lenders\t\t\t\t\t\t\t\t\t\t\t\t\tSoft for their site, but may be hard through their affiliated lenders\t\t\t\t\t\t\t\t\t\t\t\t\tMight be hard or soft\t\t\t\t\t\t\t\t\t \t\t"},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Fast Money","item":"https:\/\/moneydoneright.com\/fast-money\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"Personal Loans","item":"https:\/\/moneydoneright.com\/fast-money\/\/personal-loans\/#breadcrumbitem"},{"@type":"ListItem","position":3,"name":"OppLoans Review 2025: A Soft-Pull Loan Option for Poor-Credit Borrowers","item":"https:\/\/moneydoneright.com\/fast-money\/personal-loans\/opploans-review\/#breadcrumbitem"}]}]