Oportun is a direct lender in states such as California, Florida and Texas. In other states, Oportun partners with MetaBank to fund loans, but you will still make your monthly payments through Oportun.
States Where Oportun Has Lending Partners
You can use WalletHub's free pre-qualification tool to see which lenders may approve you and what rates may be available to you.
You can get Oportun personal loan prequalification through the Oportun website. Oportun prequalification allows you to see your odds of approval for a personal loan from Oportun, as well as your potential interest rate, and the process will have no impact on your credit score.
Click on the "Go" button after filling in your ZIP code.
Enter whether you received an email offer, your name, email address, date of birth, phone number and more.
Once you receive your Oportun prequalification status, you can choose whether or not to actually submit an application. Getting pre-approved does not mean you're guaranteed to be approved if you apply, but your approval odds will be very high.
If you want to consider more options first, you can try out WalletHub's free personal loan prequalification tool, which checks for prequalification with multiple personal loan providers at the same time.
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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