Rick Bormin, Personal Loans Moderator
@rhandoo2020
Yes, OppLoans by OppFi is a legit lender that offers personal loans for people with bad credit or better in 37 states. OppLoans by OppFi received an A- rating from the Better Business Bureau and has been BBB-accredited since 2016.
Still, you should note that OppLoans by OppFi personal loans are very expensive, charging an APR of 160% - 195%.
mt_pleasantguy72, Member
@mt_pleasantguy72
No. They are not legitimate. No legitimate bank charges 160% interest. That's a loan shark! It is simple usery!
People also ask
What credit score do you need for an OppLoans personal loan?
You do not need a specific credit score to get a personal loan from OppLoans, as OppLoans does not check applicants’ credit when they apply. This means it is relatively easy to get approved for an OppLoans personal loan. However, approval is not guaranteed, since OppLoans will consider other things like your income and existing debts when deciding whether to approve you.
OppLoans Credit Score Requirement & Loan Terms
| ... | Requirements and Terms |
How can you get OppLoans personal loan pre-approval?
You can get OppLoans personal loan pre-qualification through WalletHub’s free personal loan pre-qualification tool. This will allow you to see your odds of approval for a personal loan with OppLoans, as well as your potential interest rates, and the process will have no impact on your credit score.
How to Get OppLoans Personal Loan Pre-qualification
- Go to WalletHub’s free personal loan pre-qualification tool.
- Enter your desired loan amount and select the reason for...
Does OppLoans allow cosigners on personal loans?
No, OppLoans does not allow cosigners on personal loans, unlike some personal loan providers. A cosigner is a second person who serves as a guarantor on the loan, and thus promises to pay the loan back if the primary applicant cannot.
Although OppLoans does not accept cosigners on personal loans, there are quite a few lenders out there that do. You can check out WalletHub's picks for the best personal loans that allow cosigners to find some good offers.
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