In this OppLoans Personal Loan review, we will explore the pros and cons of this lender. It provides loans to those with bad credit who can’t find loans elsewhere.

When should you consider it? They report payments to credit bureaus! Let’s take a closer look at the details.

OppLoans is a reliable online lender based in Chicago, Illinois, specializing in helping those with poor credit scores acquire loans.

It offers loans for people with bad credit that can’t find loans anywhere else.

However, the price of its commodity is skyrocketing. So, it’s not recommended unless you have no other options left.

Still, OppLoans Personal Loans are unsuitable for those with good to excellent credit, who want to build their score, or for a person who is looking to fund emergency expenses.

Opploans offers short-term installment loans ranging from $500 – $4,000 with 9 to 18 months repayment terms.

In addition, they report payment activity to the three major credit bureaus, which could help borrowers improve their credit scores over time.

However, their interest rates are very high — in some states, they can exceed 50% of the loan principal.

So they should only be used as a last resort if other loan options are unavailable.

If you’re in a bind, OppLoans can be a last resort to help build your score. They are good for people trying to build Credit and can’t get cash elsewhere.

However, depending on your goal, you may find better options. Consider its pros and cons so that you can make a better judgment.

OppLoans doesn’t require a minimum credit score but examines your banking activity and other credit bureaus to decide whether or not to loan you money.

Do you want to apply for the Opploans Personal Loan? Read our post below! We’ll explain everything your need to learn!