Grace Enfield, Content Writer
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Applying for a OppLoans personal loan will not impact your credit score because the company will not do a hard pull of your credit history. A loan from OppLoans will actually help your credit score in the long run if you pay the monthly bills on time, as doing so adds positive information to your credit reports.
Bear in mind that any time you take out a loan, your overall debt load will increase, which will hurt your credit score. But on-time payments should quickly offset any initial decrease in your score.
To predict how your credit score will be affected, check out the free credit score simulator on WalletHub.
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