You can check your Oportun loan status by logging in to your account online. When you check the status of your Oportun loan application, you will find out whether you have been approved or denied, or if the application is still pending. You may also learn that more information is needed from you before Oportun can make a final decision.
How to Check Your Oportun Loan Status
Online: You can check your Oportun loan status by logging into your online account with your username and password. Oportun may send you an email with your login information, or you will have to create your own account.
Over the phone: You can check the status of your Oportun loan by calling 866-488-6090 and speaking to a representative.
In person: You can speak directly to a customer service representative about the status of your loan application by going into a Oportun branch.
You can expect Oportun to make a decision as soon as same day after you submit your application or within a few days. For more information about Oportun, check out WalletHub’s full review of Oportun personal loans.
Yes, an Oportun personal loan does affect your credit score, both when you apply and during the entire time that you are paying the loan off. Initially, an Oportun personal loan will affect your credit score in a negative way, but the long-term impact can be very positive, assuming you repay the loan on schedule.… read full answer
How an Oportun Personal Loan Affects Your Credit Score
Hard pull: When you apply for an Oportun personal loan, Oportun will do a hard inquiry into your credit history, which will temporarily drop your credit score by about 5-10 points in most cases.
Increased debt level: Taking out an Oportun personal loan will naturally increase the amount of debt that you have. Since your debt level is one of the components of your credit score, you can expect that to have a negative impact initially.
Account diversity: One positive way that getting an Oportun personal loan can impact your score right away is by adding more diversity to the types of accounts you have open. Your "credit mix" is one of the components of your credit score, and the more types of accounts you have, the better - as long as you handle them responsibly.
Payments: The biggest factor in how an Oportun personal loan affects your credit score is whether you pay on time. If you make on-time payments, your score should steadily increase as a result. If you pay late or fail to make payments altogether, you can expect your credit score to drop.
The bottom line is that while an Oportun personal loan does affect your credit score, most of the way that your score changes depends on how responsible you are with the loan. If you'd like to estimate how certain actions might affect your credit score, you can use WalletHub's free credit score simulator
It takes 1 to 2 business days to get money from an Oportun personal loan, in most cases. That includes both the time it takes to get approved and the time it takes for the funds to be delivered after approval. Keep in mind that this is a typical applicant's experience, and in some cases it could take longer.… read full answer
How to Get Money From Oportun as Fast as Possible
Fill out the application carefully. You should make sure that all information you enter on the application is correct and complete. That will eliminate any potential delays from Oportun having to request additional information.
Check your credit report for errors. Before you apply, you should verify that everything on your credit report is accurate, as any incorrect negatives on there could impact your chances of approval. If you find any errors, you should dispute them right away to get them removed.
Apply online. Online applications have the fastest processing times since they are automated and streamlined.
Get an electronic funds transfer. Oportun offers loan payouts through an electronic funds transfer to your bank account or by paper check. The transfer is the faster option.
Once you get approved for an Oportun personal loan, the money will be delivered through an electronic funds transfer to your bank account.
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