Oportun loans and lines of credit are good for individuals with bad credit or limited credit history. Here is a quick overview of Oportun's loans:
Pros:
Bad credit or no credit considered
Pre-qualification available
4.1/5 average rating among users
Cons:
Small loan amounts: $300 - $10,000
Relatively high loan APRs: 36% maximum
Not transparent about fees
You can learn more from WalletHub's full editors' review of Oportun as well as the Oportun reviews from users below. ,... show more
Compare Personal Loan Rates from WalletHub Partners
Excellent Credit
Excellent Credit
Good Credit
Fair Credit
Bad Credit
No Credit/Limited History
$500
$500
$1,000
$3,000
$5,000
$10,000
$25,000
Oportun Reviews
The WalletHub rating is comprised of reviews from both WalletHub users and ratings on other reputable websites. The rating was last updated on 03/08/2023.
Oportun doesn’t require applicants to have any credit score for approval, and they offer loans to people who have bad credit. However, Oportun’s loans are quite costly. Though the company is not transparent about overall APR or fee ranges, they do disclose an APR cap of 0%.
Oportun only services 12 states, and they only offer small loans of $300 - $12,000. The company is a better option than payday lenders, but doesn’t stack up very well against many competing personal loan providers.
Oportun Loans Review Highlights:
APRs: 0% maximum
Origination fee: Depends on the customer
Late fee: Varies by state and how late you are
Funding time: 1 - 2 business days
Loan sizes: $300 - $12,000
Payoff periods: 6 - 46 months
Requirements: 18+ years old; U.S. citizen, permanent resident or immigration visa holder; SSN, ITIN or passport
States Oportun services: AZ, CA, FL, ID, IL, MO, NJ, NM, NV, TX, UT and WI
Reputation: Oportun has an A+ rating from the Better Business Bureau and has an average user score of 4.1/5 on WalletHub.
Co-signers: Allowed
Oportun loans are only a worthwhile option for people with bad credit. And if you’re in that boat, still make sure to take a thorough look at the company before applying. Below, you can see how WalletHub rates Oportun loans in our three major categories: Terms, Requirements & Application, and Reviews & Transparency.
Oportun Loan Ratings by Category:
Category
Editor’s Rating
Terms
1.9/5
Requirements & Application
4.8/5
Reviews & Transparency
3.8/5
Overall Score
10.5/15
These scores reflect how close a loan offer is to WalletHub’s definition of a 5-star loan. For more information, please read WalletHub’s full methodology.
Product: Oportun Personal Loans
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Michael Warner @mjdwarner
Stay far away from Oportun - they are unethical. I was pre-approved for a loan, submitted my documents, and was subsequently denied for a loan after a hard inquiry on all 3 credit bureaus. I checked with THREE other people who recently applied, and they were also denied after pre-approval. Oportun is clearly pre-approving and then denying loans to improve their standing with other banks. They are terrible people.
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Dave Bauer @bauerdave22
Their catch is pulling you thru their whole process, including pics of your car, vin# & mileage, title/registration (what?), then tell you need a co-signer w/a 750 score...THEY'RE PARASITES!!!!
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Tita Florentino @tengcflorentino
@mjdwarner that"s true in their advestisement they said in requirement low credit or poor credit they will approved. I was pre qualified then went to their office for document requirement waiting for 30 minutes to an hour to process my application then at the end saying sorry your denied and will send you an email or in mail for explanation. But the catch they did not send any document why your denied. They just get all your information and will tell you reqpply after 6 months you know I tried it again and I know my credit score , but still they denied. I was thinking is there any scamming in the personnel taking all your information and using that for themselves to get your qualification and they will apply with your identity and they will take your information to be used for themselves. SCAM or FRAUD personnel taking your information. Mostly, there not approving if your not Hispanic .
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Oportun
Michael @mrbossboss
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1 Star Rating
Verified Customer
Warning : they will lie to you and scam you. On 1 occasion they hung up on me and closed my account because i asked to speak to a supervisor. I had to call back to get account re opened .Another time I wanted to close my account to have the annual fee waived and I told the lady I would bring my account to zero before it was closed per the agreement of contact.. but they closed it before I could bring it to zero.. the woman(a supervisor) told me my account had been closed since October but there was a purchase made in February so I would be obligated to pay the annual fee… now my account is being reviewed after being led to believe it would be waived … I’ll be in contact with the BBB & the credit bureau as soon as their findings come back… there are better cards out there for building credit… you could build your credit faster with a pre paid credit card!
We’d love to help sort this out. Please email your contact information to [email protected] so that we can follow up with you.
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Oportun
Jacob @jigsaw_me_78
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5 Star Rating
Great card for those just beginning their credit or building their limited credit history. 1k/$29 annual fee and easy online payment process. I recommend this card.
We love hearing from customers who have had a positive experience. Thanks so much for sharing!
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Oportun
mzcrickett6223 @mzcrickett6223
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5 Star Rating
Verified Customer
I was instantly approved for a loan. The repayment was easy and effortless. The customer service was excellent. They go out of their way to help you with any problems you might have. I recommend Oportun totally.
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Product: Oportun Personal Loans
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Oportun @Oportun
We’re so glad you had a positive experience with us. Thank you for your comments!
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Oportun
guiracho @guiracho
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5 Star Rating
Verified Customer
This Institution Helped me a Lot with aPersonal Loan. And not only that I went to the office on Jan 17, 2023 and the two employees that helped me where Really Profesional and Really Friendly. They wanted to helped me because I had an issue with a Bank Statement and they Helped me all the way until it was fixed. Thanks Oportun
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Product: Oportun Personal Loans
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Oportun @Oportun
We’re so glad you had a positive experience with us. Thank you for your comments!
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Oportun
Daniela @giggles_92102
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5 Star Rating
Verified Customer
Buen PRESTAMO para cualkier necesidad que uno pueda tener. Muy Buena facilidad de optener un prestamo. Cuando aveses no nos alcansa
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Product: Oportun Personal Loans
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Oportun @Oportun
Nos da mucho gusto que hayas tenido una experiencia positiva con nosotros. ¡Gracias por tus comentarios!
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Oportun
Mirian @shyne_20_10_4
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1 Star Rating
Verified Customer
Horrible customer service and not much explanation on receiving a loan from them! Do not recommend at all. Sell you a good story then switch it up after
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Product: Oportun Personal Loans
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Oportun @Oportun
We’d love to help sort this out. Please email your contact information to [email protected] so that we can follow up with you.
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Oportun
Tracy Fletcher @trazy33
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1 Star Rating
Locked me out of my account was making payments and they sold my account to another agency. The agency they told me to called stated they do not have my account. I made a $300 payment & they can not tell me my balance or where my money went to
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Product: Oportun Personal Loans
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Oportun @Oportun
We’re sorry to hear about your experience. Thank you for letting us know. Please email [email protected] so we can look into this.
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Oportun
alyssakees @alyssakees
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1 Star Rating
I received a credit card to try to boost my credit score, only receiving a $300.00 limit that I used almost fully for a larger purchase and paid off quickly. After having the card over a year, using it monthly for gas and paying off immediately, I inquired about a credit line increase (as I have with other credit card companies and received). They denied, stating that it is at their discretion and they have to invite you for a credit line increase, at which there is no time frame. I then stated I'd like to close the account if that is the case, in which they automatically did without a single question and told me to have a nice day. Sure, they give you a line of credit, when you have poor credit. However, at the end of the day $300 limit WITH an annual fee is not going to help my credit score that drastically. With no viable options to discuss credit line increases, I don't advise unless it is your only option.
We’d love to help sort this out. Please email your contact information to [email protected] so that we can follow up with you.
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Oportun
Enrique @ramirez_7264
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1 Star Rating
Verified Customer
They're lying I have take any loan of money from them on 2021, is no ok to lying I will bring this to my lawyer attention, I hope they can proof what they're saying
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Product: Oportun Personal Loans
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Oportun @Oportun
Our team of specialists would like to look into this for you and help you further. Please send your contact information to [email protected] so we can follow up. Thank you!
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Oportun @Oportun
Our team of specialists would like to look into this for you and help you further. Please send your contact information to [email protected] so we can follow up. Thank you!
You can log in to your Oportun® Visa® Credit Card account by going to the login page on the Oportun website or mobile app and entering your username and password in the appropriate fields. Then, click “Log in” to access your online account.
How to Log In to a Oportun Credit Card Account
Go to the Oportun Credit Card login page.
Fill out the “Email” and “Password” fields with your credentials.
Click “Log in” to access your account.
After you have logged in, you'll be able to manage your Oportun Credit Card account online. You can pay your credit card bill, see credit card statements, monitor account activity, and change account information such as passwords and automatic payments.
If you forget your login information, click “Forgot password” on the Oportun login page. Then, just follow the prompts to reset or retrieve your username or password.
Yes, the Oportun Credit Card does have pre-approval. Oportun actually requires applicants to check for pre-approval before they can apply, so you will have a good idea of your approval odds if you choose to apply. Getting pre-approved for an Oportun Credit Card means that your chances of being approved for an account are very high if you apply, but it does not mean that approval is guaranteed.
Oportun Credit Card pre-approvals do not affect your credit score, as they're done using a soft “pull,” or inquiry. But if you decide to submit an application for the Oportun Credit Card, Oportun will conduct a hard inquiry, which will lead to a slight but temporary decrease in your credit score.
Oportun's requirements include being at least 18 years old, having enough income or assets to make the monthly payments and having a Social Security number. You will also need to have a verifiable bank account to qualify for an Oportun personal loan.
Oportun Requirements for Borrowers
Credit Score: Not disclosed but accept applicants with limited or no credit history
Income: Not disclosed
Age: 18+
Citizenship: U.S. citizen, permanent resident or immigration visa holder
Identification: Social Security number
Bank Account: Verifiable bank account
Residency: Live in AZ, CA, FL, ID, IL, MO, NJ, NM, NV, TX, UT, WI
Before you apply for any personal loan, it's a good idea to pre-qualify. While meeting all of the requirements gives you a good chance of approval, it's never guaranteed. To pre-qualify with multiple lenders at once, check out WalletHub's free pre-qualification tool.
Online:Log in to your account and follow the on-screen instructions to make a payment.
Phone: To make a Oportun Credit Card payment over the phone, call customer service at (833) 676-7886.
In person: You can also pay with cash at any MoneyGram location, including inside CVS and Walmart. You will have to bring your Oportun Credit Card number with you and use the following receiver code: 18801
Mail: To mail a payment, send a check or money order (not cash) to this address:
Oportun PO Box 561240 The Colony, TX 75056
It is worth noting that the issuer allows Oportun Credit Card members to set up automatic payments, as well.
Unfortunately, you cannot download an Oportun Credit Card mobile app, as there isn't any. However, you can manage your card online, by logging into your account. Among other things, you can use your Oportun Credit Card online account to:
Make your monthly payments
View statements and transaction details
Check your credit card balance
If you forget your login information, click “Forgot password” on the Oportun login page. Then, just follow the prompts to reset or retrieve your username or password.
