OppFi Reviews: 10,431 User Ratings (2023)

OppLoans is an online lender that offers personal loans with no credit check. Here is an overview of OppLoans’ strengths and weaknesses:


  • No fees
  • No credit check required
  • Short funding time: 1- 3 business days


  • Extremely high APRs: 59% - 160%
  • Small loan amounts: $500 - $4,000
  • Short loan terms: 9 - 18 months

You can learn more from WalletHub’s full editor’s review of OppLoans as well as the OppLoans reviews from users below.... show more

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OppFi Reviews

The WalletHub rating is comprised of reviews from both WalletHub users and ratings on other reputable websites. The rating was last updated on 02/05/2023.


10,431 reviews

from WalletHub and across the web

10,431 reviews from WalletHub and across the web

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2 Star Rating

editor's review

2023 OppLoans Review

OppLoans personal loans are extremely expensive. While most personal loans won’t charge an APR above 36%, OppLoans has rates that start at 59% and go up to 160%. OppLoans has a $0 origination fee, but this does little to offset the APR.

OppLoans presents itself as an alternative to payday loans. And if you’re just comparing the two, OppLoans is a much better choice. The company lends out $500 - $4,000 for 9 - 18 months, instead of two weeks to a month, as is common with payday loans. Plus, OppLoans doesn’t do a hard credit check when you apply, so it’s relatively easy to get approved.

Nevertheless, personal loans from OppLoans are still are far too expensive to recommend. Even people with poor credit should be able to get approved for much cheaper alternatives from other lenders. It’s also useful to note that OppLoans offers loans in 37 states and D.C., some of those through their partner FinWise Bank.

OppLoans Review Highlights:

  • OppLoans rates: 59% - 160%
  • Origination fee: $0
  • Late fee: $0
  • Funding time: As soon as the next business day after approval
  • Loan sizes: $500 - $4,000
  • Payoff periods: 9 - 18 months
  • Pre-qualification: Available
  • Co-applicant policy: OppLoans does not allow co-signers or offer joint applications.
  • Reputation: OppLoans has an A+ rating from the Better Business Bureau and an average user score of 4.9/5 on WalletHub.
  • OppLoans requirements: 18+ years old; U.S. citizen or permanent resident with SSN; bank account with 90+ days of transaction history.

A personal loan from OppLoans is better than a payday loan if you’re desperate, but it’s still one of the most expensive personal loan offers on the market. Here’s how WalletHub rates these loans in our three major categories: Terms, Requirements & Application, and Reviews & Transparency.

OppLoans Ratings by Category:

CategoryEditor’s Rating
Requirements & Application3.5/5
Reviews & Transparency4.8/5
Overall Score9.6/15

These scores reflect how close a loan offer is to WalletHub’s definition of a 5-star loan. For more information, please read WalletHub’s full methodology.

Product: OppFi Personal Loans




2 Star Rating

Verified Customer

Balance incorrect under $1000 High usurious rates. Lately the same as everyone else. Even though paid numerous times running scared and denying loabs

Product: OppFi Personal Loans




4 Star Rating

Verified Customer

The only thing I didn't like is the interest rate is too high. I paid it in full. My loan was approved very quickly, so I was happy with that.

Product: OppFi Personal Loans




5 Star Rating

Verified Customer

They are a great company for your chances of getting approved but their interest rates is extremely too high. The payments are overbearing and a lot to keep up!

Product: OppFi Personal Loans




2 Star Rating

Verified Customer

Needed $ asap to save my critical condition dog. He was poisoned at the worse possible time financially as I had just got a new transmission. I almost sold my truck to save him. Opp came through fast with my awful credit. The interest is brutal at over 100% but I had to have it... So Im lucky in that regard. Paid off 3 months early should never need it again because my dog and credit have both healed.

Product: OppFi Personal Loans




5 Star Rating

Verified Customer

High interest but there when I had two family members pass away a day apart in March! Both totally unexpected and in different places, funerals, flowers and travel took a big hit on my budget. Now just trying to get it paid off as quick as I can to get the HIGH payment gone!

Product: OppFi Personal Loans




4 Star Rating

Verified Customer

The process is clean and expeditious. But the rate is very high so I don’t recommend this unless it’s an emergency and there are no other avenues.

Product: OppFi Personal Loans




1 Star Rating

Verified Customer

Horrible experience with this company will never borrow from them again. Customer service isn’t helpful at all and the overall experience has left me with a bad taste in my mouth.

Product: OppFi Personal Loans




1 Star Rating

Finwise/opploans are terrible people full liars they dont accept banks and they don't accept retired people.they cater to people who makes lots.of money warning to all retired people do.not apply with them they are in Chicago bad city too don't apply

Product: OppFi Personal Loans




5 Star Rating

Applied with 625 credit score and got approved with 1000 credit limit for the CREDIT CARD. Which is the highest credit limit I've ever had on a credit card. Usually pay off my whole balance each month. They probably hold the funds for a week (which might be a problem for some) before they apply it to available credit. They also give you immediate access to a virtual credit card while your physical card is being shipped to you. I now have a 680 Credit score less than 6 months having the card, which I think had a significant impact on me credit score rising.


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OppFi Q&A(110 questions)

Is OppLoans legit?





Rick Bormin, Personal Loans Moderator


Yes, OppLoans is a legitimate lender and not a scam that offers personal loans for people with bad credit or better in 37 states plus Washington, DC. OppLoans is registered to do business in the states it services, which is a legal requirement to be a legitimate lender. Another reason why OppLoans personal loans are legit is that the lender has a Better Business Bureau rating of A+. The company is also accredited with the Bureau.

Still, you should note that OppLoans personal loans aren%t "legit" if you use that word as a synonym for "good." OppLoans personal loans are very expensive, charging an APR of 59% - 160%.



What are OppLoans requirements for borrowers?





Grace Enfield, Content Writer


OppLoans requirements include being at least 18 years old, having enough income or assets to make the monthly payments and owning a verifiable bank account. You don't need a certain credit score to qualify for OppLoans personal loans.

You can see OppLoans major requirements listed below. Just remember, while meeting all the requirements gives you a good chance of approval, it's never guaranteed.

OppLoans Requirements for Borrowers

  • Credit Score Requirement: None
  • Minimum Income: Annual income of $18,000 or more
  • Age: 18 years old (19 in AL and NE)
  • Citizenship: U.S. citizen or permanent resident
  • Identification: Social Security number
  • Bank Account: Verifiable bank account with transaction history of at least 90 days
  • Residency: All states except Iowa and U.S. territories

Before you apply for any personal loan, it's a good idea to pre-qualify. To pre-qualify with multiple lenders at once, check out WalletHub's free pre-qualification tool.

Can OppLoans be trusted?





Grace Enfield, Content Writer


Yes, OppLoans is trustworthy because is a legitimate lender that has a “A+” rating from the Better Business Bureau and has been an accredited business since 2016. OppLoans also has an average rating of 4.9/5 among users on WalletHub, and WalletHub's editors gave the company's personal loans a rating of 2.4/5.

Why OppLoans Is Trustworthy

  • OppLoans has a A+ rating from the Better Business Bureau.
  • OppLoans has been BBB-accredited since 2016.
  • OppLoans has an average user rating of 4.9/5 on WalletHub.
  • WalletHub's editors gave the company's personal loans a 2.4/5 rating.
  • The company lists product terms and conditions on its website.
  • The company's website is secure.

To read more, check out the full OppLoans personal loan review on WalletHub. Then, you can estimate your potential rates with our free pre-qualification tool.

How long does OppLoans take to review applications?





Grace Enfield, Content Writer


OppLoans tries to review applications within 24 hours, but it could take 3+ days if they need to manually review any of your information. If your application is approved, it will take a few more business days to receive your funds.

Key Things to Know About OppLoans

  • Application Review Timeline: 24 hours - 3+ days
  • Funding Timeline: 1 - 3 business days
  • Loan Amounts: $500 - $4,000
  • APRs: 59% - 160%
  • Repayment Periods: 9 - 18 months
  • Origination Fee: $0
  • Late Fee: $0
  • Prepayment Fee: $0
  • Credit Score Requirement: None
  • Income Requirement: Annual income of at least $18,000

For more information, check out the full OppLoans by OppFi review on WalletHub. Then, you can estimate your potential rates with our free pre-qualification tool.

How can I log in to my OppFi Card account online?





Chip Lupo, Credit Card Writer


To log in to your OppFi® Card account, open your OppFi mobile app and enter your username and password in the appropriate fields. Then, click login button to access your online account.

How to Log In to a OppFi Card Account

  1. Go to the OppFi Card login page.
  2. Fill out the username and password fields with your credentials.
  3. Click login button to access your account.

After you have logged in, you'll be able to manage your OppFi Card account online. You can pay your credit card bill, see credit card statements, monitor account activity, and change account information such as passwords and automatic payments.

OppFi Contact


Visit Website

Customer Support:


Chicago Office:


870 Coronado Center Drive Suite 200 Office 266

Henderson, NV 89052

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How trustworthy is OppLoans? ›

OppLoans has an A+ rating from the Better Business Bureau and is highly rated on Google and LendingTree for our unmatched customer service.

What credit score is needed for the OppFi credit card? ›

The OppFi Card accepts people with a 300+ credit score. That means people with bad credit can get approved for this card.

How hard is it to get a loan from OppLoans? ›

A personal loan from OppLoans is one of the easiest loans you can get approved for because there's no credit check when you apply. All you'll need is to be at least 18 years old, have U.S. citizenship or permanent residency, and have enough income to make your payments each month.

What is OppLoans interest rate? ›

OppLoans Personal Loan Amounts and Interest Rates

Depending on your credit score, where you live, and other financial factors, your APR will range from 59.00% to 160.00%. This is much higher than similar companies' APR ranges.

Does OppLoans have a high interest rate? ›

Very high APRs

In most states, OppLoans charges an APR of 160%. That's extremely high — many times higher than the maximum APR that most traditional personal loan lenders offer. High APRs mean you'll end up paying more in interest over the life of your loan, and your monthly payments will also be higher.

Does OppLoans check your bank account? ›

OppLoans conducts bank verification and requires that you get paid through direct deposit in order to get approved.

Does OppLoans call your employer? ›

No, OppLoans does not call your employer. OppLoans instead uses the financial information and documents you provide during the application process, like a W-2 form, bank statement or pay stub, to verify that you are employed and that you have enough income to afford the loan.

What bank does OppLoans use? ›

OppLoans provides access to credit products to consumers throughout the United States through partnerships with our lending partners: FinWise Bank (FW Bank) is an FDIC-insured, state-chartered financial technology bank located in Sandy, Utah.

Can I get approved for a credit card with a score of 500? ›

Yes, you can get an unsecured credit card with a 500 credit score, but you will likely end up with high fees, high interest rates, and a low credit limit. The best unsecured credit card to get with a 500 credit score is the Credit One Visa card.

Can I get a Walmart credit card with a 520 credit score? ›

The Walmart Credit Card credit score requirement is 640 or higher. That means people with fair credit or better have a shot at getting approved for this card. The Walmart® Store Card also requires at least fair credit for approval.

What can I get with a 580 credit score? ›

Credit Rating: 580 is considered a bad credit score. Borrowing Options: Most borrowing options are available, but the terms are unlikely to be attractive. For example, you could borrow a small amount with certain unsecured credit cards or a personal loan for damaged credit, but the interest rate is likely to be high.

What is the easiest loan to get approved for? ›

The easiest loans to get approved for are payday loans, car title loans, pawnshop loans and personal loans with no credit check. These types of loans offer quick funding and have minimal requirements, so they're available to people with bad credit.

Does OppLoans require proof of income? ›

Proof of income may include your most recent benefit/award letter, pay stub, 1099, or W-2. Alimony, child support, or separate maintenance income need not be revealed if you do not wish to have it considered as a basis for your ability to repay. There may also be instances where we require SSN or ID documentation.

Can you get approved for a loan with a credit score of 550? ›

Yes, you can get a personal loan with a credit score of 550. You could consider getting a secured personal loan, applying for an unsecured personal loan with a co-signer, borrowing from family and friends, and checking with local credit unions which usually have a lower requirement over credit score.

What happens if I don't pay OppLoans back? ›

For student loans, you'll be reported as “delinquent” on your loan if you are 45 days late for private loans, and 90 days late for federal loans. If you still don't pay your federal loans, after 270 days you'll be in default and the government can garnish your tax refunds and wages.

Is OppLoans a monthly payment? ›

Yes, OppLoans requires a monthly payment if you get one of their personal loans. OppLoans offers personal loans of $500 - $4,000 that borrowers need to repay in equal monthly installments over the course of 9 - 18 months.

What is the maximum amount for OppLoans? ›

OppLoans loan amounts range from $500 to $4,000, while Upgrade offers loans between $1,000 and $50,000. Both lenders may offer loan funds as soon as one business day after loan approval and verification. As with all lenders, though, this timeline varies depending on the borrower's banking institution.

Does OppLoans require collateral? ›

These loans don't require borrowers to put up collateral as they rely on your credit score and other factors related to your creditworthiness.

Is OppLoans instant? ›

Funds may be deposited for delivery to your bank via ACH as soon as the same business day if verification is completed and final approval occurs before 12:00 PM CT on a business day. If approval occurs after 12:00 PM CT on a business day or on a non-business day, funds may be received as soon as the next business day.

Can I get a bank loan with 500 credit score? ›

It is possible to qualify for a personal loan with a poor credit and a credit score as low as 500, but your choices are very limited. The best way to get a personal loan with a 500 credit score is to start by checking to see if you pre-qualify for loans from major lenders.

How long has OppLoans been around? ›

OppLoans is an online consumer finance platform that offers fully-amortizing installment loans, providing non-prime consumers access to a fast and reliable source of credit. Headquartered in Chicago, the firm was founded in 2012 by Todd Schwartz of Schwartz Capital.

Is there a credit card that approves everyone? ›

An instant approval credit card is not a guaranteed approval credit card. Aside from one secured card — the OpenSky® Secured Visa® Credit Card and prepaid cards — no credit card offers guaranteed approval for everyone.

What is the lowest credit score to get a credit card? ›

There is no minimum credit score needed for a credit card. Even borrowers with poor credit (a score of 300) or no credit card at all can qualify for some credit cards. However, options for bad-credit borrowers are limited and usually come with a high annual percentage rate (APR) and fees.

What is the easiest unsecured card to get? ›

The Credit One Visa Card is the easiest unsecured credit card to get. It is available to people with bad credit or no credit. Cardholders also earn 1% cash back on eligible purchases.

Can I get a Target credit card with a 620 credit score? ›

Qualify with even “fair” credit

You only need “fair” credit to qualify for the Target RedCard, which means it's possible to get approved with a credit score of just 620. You can see if you're in the ballpark by checking your credit score for free on WalletHub.

What credit score needed for Amazon card? ›

Approval odds

Typically, you can qualify for Synchrony's Amazon store cards with a fair credit score (580 to 669). On the other hand, you'll likely need at least a good credit score (670 to 739) to qualify for one of the Amazon Visa cards from Chase.

What store credit card can I get with a 600 credit score? ›

The best store credit card you can get with a 600 credit score is the Amazon.com Secured Credit Card, which has a $0 annual fee and offers 2% cash back on Amazon purchases if you are a Prime member. It requires a minimum security deposit of $100, making it easier to get with bad credit.

How can I raise my credit score 100 points in 30 days? ›

  1. Lower your credit utilization rate. The fastest way to get a credit score boost is to lower the amount of revolving debt (which is generally credit cards) you're carrying. ...
  2. Ask for late payment forgiveness. ...
  3. Dispute inaccurate information on your credit reports. ...
  4. Add utility and phone payments to your credit report.
Sep 29, 2021

How can I raise my credit score 50 points fast? ›

4 tips to boost your credit score fast
  1. Pay down your revolving credit balances. If you have the funds to pay more than your minimum payment each month, you should do so. ...
  2. Increase your credit limit. ...
  3. Check your credit report for errors. ...
  4. Ask to have negative entries that are paid off removed from your credit report.

How can I get my credit score from 580 to 700 fast? ›

Here are some of the best ways.
  1. Pay on Time, Every Time. ...
  2. Reduce Your Credit Card Balances. ...
  3. Avoid Taking Out New Debt Frequently. ...
  4. Be Mindful of the Types of Credit You Use. ...
  5. Dispute Inaccurate Credit Report Information. ...
  6. Don't Close Old Credit Cards.
Feb 7, 2021

Is OPP loan a payday loan? ›

OppLoans is not a payday loan provider. With OppLoans, borrowers will get a maximum APR less than half the average payday loan.

How often do you pay OppLoans? ›

You can pay OppLoans monthly or twice per month, depending on the terms of your loan. Payments can be made using an electronic bank transfer, paper check or debit card, and OppLoans' full repayment terms range from six months to three years.

What happens if I close my bank account and default on a payday loan? ›

If you close the checking account to keep the lender from taking what you owe, the lender might keep trying to cash the check or withdraw money from the account anyway. That could result in you owing your bank overdraft fees. The payday lender might send your loan to collections. Then there will be more fees and costs.

Will OppLoans sue me? ›

Yes, OppLoans can sue you. OppLoans can hire a lawyer to file a breach of contract lawsuit against you for the underlying debt, fees, and costs. If you've been sued by OppLoans, do not ignore the lawsuit; you may have defenses.

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