How will a refinance on my loan impact my credit report?
When you successfully refinance your loan, your credit report may look different. That’s because once you complete your refinance, you will have closed your original loan and opened a new loan with one of our lending partners. We report this to the credit bureaus, monthly, in a file that includes the latest information on your account.
We suggest that you reach out to each bureau for more information about how opening and closing of accounts affects your credit score, as this information may vary from bureau to bureau. Be assured that you still will only have one active loan account serviced by us.
California Residents, view the California Disclosures and Privacy Policy for info on what we collect about you.
Please be advised that you will no longer be subject to, or under the protection of, OppFi's privacy and security policies. We encourage you to read and evaluate the privacy and security policies of the site you are entering, which may be different than those of OppFi. Further, OppFi is not responsible for and does not endorse, guarantee, or monitor content, availability, viewpoints, products, or services that are offered or expressed on external websites.