For Bad Credit Options

OppLoans review

Installment loan for thin/no-credit borrowers — the most expensive option here.

Amount

$500–$4,000 (state-dependent)

Term

9–24 months

Cost

Up to 160% APR (state-dependent)

Funding

Same-day or next business day

Source: OppLoans public terms, as of April 2026. Subject to change.

What it is

OppLoans (also operating as OppFi) offers installment loans to borrowers who can’t qualify for traditional credit. The loans are state-licensed installment products and report to the credit bureaus, so on-time repayment can help rebuild credit.

APR can run substantially higher than even other bad-credit lenders. Soft-pull pre-qualification is available before a full application.

Pros

Accessible when most other lenders decline
Reports to credit bureaus — can rebuild credit if repaid on schedule
Soft-pull pre-qualification

Cons

APRs can run up to ~160% depending on state
Higher cost than credit-union alternatives by a wide margin
Smaller loan maximum ($4,000)

Best for

Borrowers in immediate need who have been declined elsewhere and can repay on schedule to capture the credit-build benefit.

Bottom line

The most expensive option in our comparison. Use only after exhausting credit-union PALs, employer payroll advances, and family/community lending.

External link

OppLoans official site

Continue to OppLoans

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