Settlements FAQs

Can't find what you're looking for? Contact us

When the agreed-upon amount has been satisfied, your account will be reported to the credit reporting agencies as settled for less than the full amount, which may impact your overall credit standing.
Please be aware that OppLoans is a data furnisher, meaning that we supply information to the credit bureaus. That information is then used by ...
Read more

Everyone’s situation is different. To see if you qualify for a settlement agreement, please check the customer portal or call us at (855) 408-5000, and one of our representatives will be happy to help.

A settlement offer refers to an agreement between a Creditor and a Borrower in which a reduced payment from the Borrower is agreed to in order to satisfy the outstanding debt.

You have until the agreed-upon date to pay the settlement amount in full. When the full settlement amount has been paid, your account will be reported to the credit reporting agencies as settled for less than the full amount, which may impact your overall credit standing.
If you have existing payments set up, they will count ...
Read more

OppLoans offers a range of settlement offers depending on what best fits your financial needs. Please log in to the customer portal to view your specific offers.

If your needs ever change, you can cancel your existing settlement agreement for an alternative settlement offer or pay your balance off in full.

There may be tax implications associated when the loan is settled, and you may receive a 1099-C tax form from the IRS. We encourage you to speak to a tax professional.

Customers who settle their loan are not eligible to apply for a loan in the future through the OppLoans Lending Platform.

© 2024 Opportunity Financial, LLC. All Rights Reserved. Use of Opportunity Financial, LLC is subject to our Terms of Use and Privacy Policy.

California Disclosures and Privacy Policy | California Consumers can opt-out of the sale of personal information by clicking Do Not Sell My Personal Information.

Applications submitted on OppLoans' website will be originated by one of our lending partners. All loans originated by our lending partners will be serviced by OppLoans.


To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.

If you have questions or concerns, please contact the Opportunity Financial Customer Support Team by phone at (800) 990-9130, Monday – Friday, 7 a.m. – 11:30 p.m. and Saturday and Sunday between 9 a.m. – 5:00 p.m. Central Time, or by sending an email to


California Residents, view the California Disclosures and Privacy Policy for info on what we collect about you.