Adam McCann, Financial Writer
Yes, Oportun does offer debt consolidation loans. You can take out a personal loan from Oportun and use it to pay off existing debts, thus consolidating those debts into a single new balance with one monthly payment that you must make to Oportun. Oportun does not specifically refer to their loans as "debt consolidation loans," so you'll need to take out a general-purpose personal loan.
Quick Facts About Oportun Debt Consolidation Loans
- APR: 10.07% - 35.95%
- Origination fee: Depends on the customer
- Loan amount: $300 - $10,000
- Payoff period: 6 - 46 months
- Credit score required: Not disclosed
Keep in mind that a debt consolidation loan from Oportun will be worthwhile if it saves you money compared to the interest rates you are paying on your existing debts. In addition to the loan's APR, you should also consider any potential fees, as well as the available loan amounts and payoff periods.
Before you apply for an Oportun debt consolidation loan, it's a good idea to compare it to WalletHub's editors' picks for the best debt consolidation loans. That way, you'll be able to see how the offer stacks up against loans from leading competitors.
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